A.M. Best Co. announced that it has withdrawn the financial strength rating of “B++” (Very Good) of Unum Japan Accident Insurance Co. Ltd. following the change in ownership to Hitachi Capital Corporation.
“UnumProvident Corporation sold Unum Japan to Hitachi Capital Corporation, and it was subsequently renamed Hitachi Capital Insurance Corporation,” said Best. “Upon the company’s request, A.M. Best withdrew the rating. Hitachi Capital Insurance Corporation has been assigned an NR-5 (Not Formally Followed) status.”
Was this article valuable?
Here are more articles you may enjoy.
Florida-Based Safepoint Withdraws IPO Just as it Was Expected to Launch 
Viewpoint: Boom in Hyperscale Data Centers Puts Re/Insurers to the Test 
Camp Mystic, Where Texas Floods Killed 28, Files Bankruptcy 
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants 
