AM Best confirms Tokio Marine GRV Re's strong credit rating
- AM Best has reaffirmed the Financial Strength Rating of A (Excellent) for Tokio Marine GRV Re, Inc.
- The company is recognized for its stable outlook and strong balance sheet strength.
- The support from affiliated entities enhances its credit ratings and operational capacity, emphasizing TMGRV Re's strong market position.
In Oldwick, New Jersey, on April 8, 2025, AM Best announced that it has reaffirmed the Financial Strength Rating and Long-Term Issuer Credit Rating of Tokio Marine GRV Re, Inc., both rated as A (Excellent). This rating reflects the very strong balance sheet strength, adequate operating performance, limited business profile, and very strong enterprise risk management of the company. The outlook remains stable for these grades. The affirmation is further strengthened by support extended through a capital maintenance agreement with Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) and other affiliated entities, which also play a role in the daily operations and risk management strategies of Tokio Marine GRV Re. AM Best, recognized for its role in credit rating services globally, emphasized the importance of maintaining and analyzing these ratings as they provide crucial insights for stakeholders in the insurance sector. Their assessments are intended for guidance and convey complex information in an accessible manner, showcasing the reliability of Tokio Marine GRV Re as a notable entity in the reinsurance market, with considerable backing from its parent company and operational affiliates.