Ratings agency, Moody's, has placed on review for possible upgrade the ‘Aa2' insurance financial strength rating (IFSR) of Tokio Marine & Nichido Insurance.
Moody's said the review was prompted by Tokio Marine and Nichido's dominant operating franchise in the Japanese general insurance market.
The ratings agency said it the insurer had maintained an exceptional level of capitalization in spite of some volatility due to stock market fluctuations. It had also continued dividend payments to its parent, Millea Holdings.
