A.M. Best Assigns Rating to Nichido Insurance Company -Pacific- Limited.Business Editors OLDWICK, N.J.--(BUSINESS WIRE)--July 21, 2003 A.M. Best Co. has assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. an initial financial strength rating of A+ (Superior) to Nichido Insurance Company (Pacific) Limited, (Nichido Pacific), Guam Guam (gwäm), Chamorro Guåhan, the largest, most populous, and southernmost of the Mariana Islands (see also Northern Mariana Islands, an unincorporated territory of the United States (2005 est. pop. . The outlook is negative. Satisfying A.M. Best's reinsured rating criteria criteria (krītēr´ē  ),n. , the rating is based on the financial strength of Nichido Pacific's parent company, The Nichido Fire and Marine Insurance Company Ltd. (Nichido Fire), and its relationship as an affiliated reinsurer re·in·sure tr.v. re·in·sured, re·in·sur·ing, re·in·sures To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. to Nichido Pacific. Nichido Fire reinsures 90% of Nichido Pacific's business. Therefore, Nichido Pacific has been assigned the same rating as its parent, as well as its financial size category of XV. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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