HONG KONG, Aug 10 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of INPEX Insurance, Ltd. (IIL) (Bermuda). The outlook for each rating remains stable.
The rating affirmations reflect IIL’s strong risk-adjusted capitalization and favorable operating performance, with an improving trend over the past three years. IIL’s ratings also reflect its affiliation with INPEX CORPORATION (INPEX), to which it remains important as a risk management tool for the parent company. IIL is a single-parent captive of INPEX and provides marine and energy coverage globally to the parent and its affiliates.
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