AM Best Affirms Tokio Millennium Re Ratings

December 20, 2014

A.M. Best has affirmed a financial strength rating of A++ [Superior] and an issuer credit rating of “aa+” of Tokio Millennium Re AG. The outlook for both ratings is stable.

The ratings agency said, “The ratings reflect TMR’s superior financial strength, its solid risk management, favorable historical operating performance and its very strong risk-adjusted capital position.

“In addition, TMR benefits from the global recognition and balance sheet strength of its parent, TMNF, as well as the implicit and explicit support provided by TMNF.

“The ratings also consider the key role that TMR plays in transferring and accepting extreme risks in the international reinsurance markets, which is a part of the groups’ overall strategy for geographic diversification.

“Tokio Marine Group has unified its global reinsurance brand under TMR over the past few years. TMR writes predominately property catastrophe and specialty reinsurance, but has been slowly expanding into casualty reinsurance and non-cat reinsurance in order to diversify its book of business. TMR also continues to be a leader in transforming and transferring reinsurance risk to the capital markets through its Tokio Solution Management.”

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