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20.06.25 - 17:48
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AM Best Upgrades Credit Ratings of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company and TRM Specialty Insurance Company (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings to “aa” (Superior) from “a+” (Excellent) of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company and TRM Specialty Insurance Company, collectively referred to as MS Transverse Insurance Group (MS Transverse). The outlook of these Credit Ratings (ratings) is stable. These companies are domiciled in Dallas, TX, and are now part of MSIG Holdings (U.S.A.), Inc., a U.S. subsidiary of Mitsui Sumitomo Insurance Company, Limited (MSI).
The ratings reflect the consolidated balance sheet strength of MSI, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
The upgrade reflects the assignment of full rating enhancement to MS Transverse due to the increased level of support by its ultimate parent, MS&AD Insurance Group Ho...
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06.06.25 - 16:33
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AM Best Revises Outlooks to Stable for DTRIC Insurance Company, Limited and DTRIC Insurance Underwriters, Limited (Business Wire)
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HONG KONG--(BUSINESS WIRE)--#insurance--AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of DTRIC Insurance Company, Limited (DTRIC) and its reinsured affiliate, DTRIC Insurance Underwriters, Limited. Both companies are domiciled in Honolulu, HI.
The Credit Ratings (ratings) reflect DTRIC's balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management. The ratings also consider the impact of implicit and explicit support DTRIC receives from its parent, Aioi Nissay Dowa Insurance Company Limited (ADI), a member of MS&AD Insurance Group Holdings, Inc. ADI has an FSR of A+ (Superior) and is classified under the Financial Size Category of XV ($2 billion or greater).
The revision of the outlooks to stable from negative reflects AM Best's expectation that DTRIC's...
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06.06.25 - 16:27
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AM Best Affirms Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Its Affiliates (Business Wire)
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HONG KONG--(BUSINESS WIRE)--#insurance--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, Mitsui Sumitomo Insurance USA Inc. and MSIG Specialty Insurance USA Inc.
In addition, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa” (Superior) of Aioi Nissay Dowa Insurance Company Limited (ADI) (Japan). AM Best also 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 the aforementioned Credit Ratings (ratings) is stable. These companies are owned ultimately by MS&AD Insurance Group ...
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23.05.25 - 17:51
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AM Best Revises Issuer Credit Rating Outlook to Positive for MS Amlin AG (MS Reinsurance) (Business Wire)
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LONDON--(BUSINESS WIRE)--AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICR of “aa-” (Superior) of MS Amlin AG (MS Reinsurance) (Switzerland). The outlook of the FSR is stable.
The Credit Ratings (ratings) reflect MS Reinsurance's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. In addition, MS Reinsurance's ratings benefit from rating enhancement, in the form of lift, due to explicit support provided by its ultimate parent, MS&AD Insurance Group Holdings, Inc. (MS&AD). MS Reinsurance receives explicit group support through a parental guarantee issued by MS Reinsurance's intermediate parent, Mitsui Sumitomo Insurance Company, Limited (MSI).
The revision of the Long-Term ICR outlook to positive reflects the growing profile of ...
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07.04.25 - 04:01
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Challenger welcomes Japanese insurance giant Dai-ichi Life as new strategic shareholder (Small Caps)
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Retirement product issuer and fund manager Challenger (ASX: CGF) has confirmed that Japanese insurance giant Dai-ichi Life will acquire the minority 15.1% interest previously held by MS&AD Insurance Group. The parties have transacted the sale at approximately $8.46 per Challenger share, representing a premium of 53% to the most recent closing share price. Dai-ichi will […]
The post Challenger welcomes Japanese insurance giant Dai-ichi Life as new strategic shareholder appeared first on Small Caps....
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28.03.25 - 09:54
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Mitsui Sumitomo Insurance, Aioi Nissay Dowa to Merge (Nippon)
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Tokyo, March 28 (Jiji Press)--Mitsui Sumitomo Insurance Co. and Aioi Nissay Dowa Insurance Co. plan to merge in April 2027, their parent, MS&AD Insurance Group Holdings Inc., said Friday. The merger will create the biggest nonlife insurer in Japan, overtaking current industry leader Tokio Marine & Nichido Fire Insurance Co. The move is aimed at making operations more efficient and boostin......
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07.03.25 - 17:30
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Is MS&AD Insurance Group (MSADY) Stock Undervalued Right Now? (Zacks)
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks....
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03.03.25 - 13:06
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Coalition and MS&AD Insurance Group Expand Strategic Partnership with Equity Investment (Business Wire)
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SAN FRANCISCO--(BUSINESS WIRE)--Coalition, the world's first Active Insurance provider designed to prevent digital risk before it strikes, today announced a new $30 million equity investment from Mitsui Sumitomo Insurance Co., Ltd. (MSI), a member of MS&AD Insurance Group (MS&AD), the largest non-life insurer in Japan and across the Asian-Pacific region. The investment anchors a strategic partnership aimed at bringing Active Insurance to more businesses worldwide and allows MSI to participate in more markets and as a shareholder.
“Coalition has true differentiation as a trusted partner to its policyholders, security customers, and the insurance ecosystem,” said Tomoyuki Motoyama, Chief Digitalization Officer at MS&AD. “Both of our companies value and prioritize innovation as the foundation of the cyber insurance market, and we are thrilled to continue deepening our relationship as a long-term Coalition equity holder.”
“MS&AD is one the most respected and established insurers in the world, and w...
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20.01.25 - 17:30
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Should Value Investors Buy MS&AD Insurance Group (MSADY) Stock? (Zacks)
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks....
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24.07.24 - 02:54
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Toyota to Buy Back 806.8 B. Yen of Own Shares (Nippon)
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Tokyo, July 24 (Jiji Press)--Toyota Motor Corp. said Tuesday that it will spend 806.8 billion yen to buy back 290.12 million of its own shares at 2,781 yen apiece from four Japanese financial institutions. The four are Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc., Tokio Marine & Nichido Fire Insurance Co. and MS&AD Insurance Group Holdings Inc. The move by the......
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19.06.24 - 17:18
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Is MS&AD Insurance Group (MSADY) Stock Undervalued Right Now? (Zacks)
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks....
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