Taipei: AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of 'a+' (Excellent) to Tokio Marine Newa Insurance Co., Ltd. (TMNewa) in Taiwan. The outlook for these ratings is stable.

According to BERNAMA News Agency, the ratings reflect TMNewa's very strong balance sheet strength, along with its adequate operating performance, neutral business profile, and appropriate enterprise risk management. The ratings are further enhanced by the support of its parent company, Tokio Marine and Nichido Fire Insurance Co., Ltd. (TMNF), which is the main insurance operating entity under Tokio Marine Holdings, Inc.