KUALA LUMPUR, March 9 (Bernama) -- The financial strength rating of A+
(Superior) and the issuer credit rating of "aa-" for Sompo Japan
Nipponkoa Insurance Inc., remains unchanged.
The result was due to the plan of investing in SCOR SE (SCOR) in France, commented A.M. Best in a statement issued today in Hong Kong.
Sompo Japan Nipponkoa Holdings, Inc (SJNK) (Japan) had announced on March 6, 2015 that Sompo Japan Nipponkoa, its main operating subsidiary would acquire a 7.8 percent stake in SCOR and has intentions to further increase that stake to 15 percent.
Overall investment risk to equities is expected to remain within an acceptable level, as the company has reduced its exposure to the domestic equity market over the years.
More recently, the company has made an effort to expand its earnings profile and diversify the risk profile both in investment and underwriting.
Sompo Japan Nipponkoa is a wholly owned subsidiary of SJNK, which is one of the major non-life insurance holding companies in Japan. SJNK Holdings was established as a joint holding company following the merger of Sompo Japan and NIPPONKOA Insurance Co., Ltd. (NIPPONKOA) in 2010.
--BERNAMA
The result was due to the plan of investing in SCOR SE (SCOR) in France, commented A.M. Best in a statement issued today in Hong Kong.
Sompo Japan Nipponkoa Holdings, Inc (SJNK) (Japan) had announced on March 6, 2015 that Sompo Japan Nipponkoa, its main operating subsidiary would acquire a 7.8 percent stake in SCOR and has intentions to further increase that stake to 15 percent.
Overall investment risk to equities is expected to remain within an acceptable level, as the company has reduced its exposure to the domestic equity market over the years.
More recently, the company has made an effort to expand its earnings profile and diversify the risk profile both in investment and underwriting.
Sompo Japan Nipponkoa is a wholly owned subsidiary of SJNK, which is one of the major non-life insurance holding companies in Japan. SJNK Holdings was established as a joint holding company following the merger of Sompo Japan and NIPPONKOA Insurance Co., Ltd. (NIPPONKOA) in 2010.
--BERNAMA
http://www.bernama.com/bernama/v8/newsindex.php?id=1115293
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