A.M. BEST AFFIRMS CREDIT RATINGS OF SOMPO JAPAN NIPPONKOA INSURANCE INC. AND ITS SUBSIDIARIES

HONG KONG, July 17 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” of Sompo Japan Nipponkoa Insurance Inc. (SJNK) (Japan). A.M. Best also has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” of SJNK’s subsidiary, NIPPONKOA Insurance Company (China) Limited (NKC) (China). The outlook of these Credit Ratings (ratings) remains stable.

Concurrently, A.M. Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of “aa-” of Sompo America Insurance Company (SAIC) and its reinsured affiliate, Sompo America Fire & Marine Insurance Company (SAFM), collectively knownas Sompo Japan US Group (both domiciled in New York, NY). The outlook for each of these ratings remains stable. Additionally, A.M. Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” of Canopius US Insurance, Inc. (Canopius US) (Wilmington DE). The outlook of each of these ratings remains negative.

Furthermore, A.M. Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of “aa-” of Endurance Specialty Insurance Ltd. (Endurance) (Bermuda) and its subsidiaries. A.M. Best also has affirmed the Long-Term ICR of “a-” and the Long-Term Issue Credit Ratings (Long-Term IRs) of Endurance Specialty Holdings Ltd. (Bermuda). The outlook of these ratings is stable. (See below for a detailed list of the companies and the Long-Term IRs.)

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