Fitch Ratings affirms Mitsui Sumitomo Insurance's rating
Fitch Ratings has confirmed its "A+" (strong) financial strength and "A" long-term credit ratings for Mitsui Sumitomo Insurance (MSI). The outlook for both ratings is stable.
The rating takes into consideration the favorable business profile of parent company MS&AD Insurance Group, supported by its leadership in the Japanese non-life insurance market and a diversified business portfolio.
Fitch also based its decision on the group's strong financial performance and capitalization.
The rating agency expects MSI and the MS&AD Group to maintain a strong capital base.
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Thu, 28/04/2022 - 10:10
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