Monday, 30 May 2016

A.M. BEST AFFIRMS RATINGS OF MS&AD INSURANCE GROUP HOLDINGS, INC.’S MAIN OPERATING AND U.S. SUBSIDIARIES

HONG KONG, May 30 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating (FSR) of A (Superior) and the issuer credit ratings (ICR) of “aa” of Mitsui Sumitomo Insurance Company, Limited (MSI) and Aioi Nissay Dowa Insurance Company Limited (ADI) (both domiciled in Japan). A.M. Best also has affirmed the FSR of A- (Excellent) and the ICR of “a-” of ADI’s subsidiary, Aioi Nissay Dowa Insurance (China) Company Limited (ADIC) (China). The outlook for each rating is stable.

Concurrently, A.M. Best has affirmed the FSR of A (Superior) and the ICRs of “aa” of Mitsui Sumitomo Insurance Company of America (MSIA), Mitsui Sumitomo Insurance USA Inc. (MSU) and Aioi Nissay Dowa Insurance Company of America (ADIA). The outlook for each of these ratings is stable. All of these companies are domiciled in New York, NY and are direct subsidiaries of MSIG Holdings, Inc. The aforementioned companies are ultimately owned by MS&AD Insurance Group Holdings, Inc. (MS&AD), one of the major insurance group companies based in Japan.
http://mrem.bernama.com/viewsm.php?idm=26903

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