AM Best Affirms Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Its Affiliates
Benzinga AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "aa" (Superior) of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan). Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of "aa" (Superior) of MSI's U.S. operating companies, which are domiciled in New York, NY: Mitsui Sumitomo Insurance Company of America (MSIA), Mitsui Sumitomo Insurance USA Inc. (MSU) and MSIG Specialty Insurance USA Inc. (MSIGS).
AM Best also has affirmed the FSR of A+ (Superior) and the Long-Term ICR of "aa" (Superior) of Aioi Nissay Dowa Insurance Company Limited (ADI) (Japan). In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of "a-" (Excellent) of Aioi Nissay Dowa Insurance (China) Company Limited (ADIC) (China).
The outlook of all aforementioned Credit Ratings (ratings) is stable. These companies are owned ultimately by MS&AD Insurance Group Holdings, Inc. (MS&AD), a major non-life insurance group based in Japan.
