Latest news with #TokioMarineHoldings
Yahoo
4 days ago
- Business
- Yahoo
AM Best Affirms Credit Ratings of Privilege Underwriters Reciprocal Exchange and PURE Specialty Exchange
OLDWICK, N.J., August 07, 2025--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a+" (Excellent) of Privilege Underwriters Reciprocal Exchange (Fort Lauderdale, FL) and PURE Specialty Exchange (Scottsdale, AZ). The outlook of these Credit Ratings (ratings) is stable. These insurance entities comprise PURE Insurance Group. The ratings reflect PURE Insurance Group's balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management. The strong balance sheet assessment reflects PURE Insurance Group's strong level of risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), which AM Best expects to remain in the strong category in the near term. Additional positive assessment factors include financial flexibility, high quality assets and a conservative investment portfolio. Partially offsetting these positive factors are the group's exposure to catastrophe losses, its reliance on reinsurance and a capital structure that is largely comprised of surplus notes. The ratings consider the implicit and explicit support provided by Tokio Marine Holdings, Inc. (TMHD), through its lead insurance operating company, Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF). TMNF's support of PURE Insurance Group aligns with TMHD's strategy of expanding its international business through acquisitions in the developed and emerging markets, in addition to providing diversification of revenues and customer segments. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Thomas Keelan Financial Analyst +1 908 882 1925 Edin Imsirovic Director +1 908 882 1903 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
21-06-2025
- Business
- Business Insider
Morgan Stanley Remains a Buy on Tokio Marine Holdings (TKOMF)
Morgan Stanley analyst Mia Nagasaka maintained a Buy rating on Tokio Marine Holdings (TKOMF – Research Report) yesterday and set a price target of Yen7,090.00. The company's shares closed yesterday at $42.38. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Nagasaka is a 2-star analyst with an average return of -0.5% and a 57.14% success rate. Nagasaka covers the Financial sector, focusing on stocks such as MS&AD Insurance Group Holdings, Chiba Bank, and Dai-ichi Life Holdings. Tokio Marine Holdings has an analyst consensus of Strong Buy, with a price target consensus of $44.60. The company has a one-year high of $45.92 and a one-year low of $29.13. Currently, Tokio Marine Holdings has an average volume of 21.33K.
Business Recorder
22-05-2025
- Business
- Business Recorder
Japan's Nikkei falls on profit-taking
TOKYO: Japan's Nikkei share average fell on Wednesday as traders locked in recent gains and appreciation in the yen sapped demand for exporters. Tokio Marine Holdings sank 2.6% and triggered a decline in insurance companies after forecasting a 12% drop in annual profit. Mizuho surged 2.7%, leading banks higher after announcing a plan to shed cross-shareholdings. The benchmark Nikkei has climbed 4.4% since US President Donald Trump announced sweeping tariffs on April 2, only to pause most of them as he sought bilateral trade deals. 'Stocks have been on a rise, but now that earnings have come to an end, I think there's a slight lack of catalysts in the market,' said Wataru Akiyama, a strategist at Nomura Securities. 'We may be seeing an adjustment in the stock market after the recent rally has led to short-term overheating.' Japan's export-reliant economy and equity market are still vulnerable to how trade talks with the US pan out. The nation's lead trade negotiator, Ryosei Akazawa, will head to the US on Friday for a third round of talks, the Nikkei newspaper reported. Data on Wednesday showed Japanese exports rose for the seventh straight month in April but shipments to the US fell, highlighting the toll of Trump's tariffs.
Economic Times
21-05-2025
- Business
- Economic Times
Japan's Nikkei falls on profit-taking, yen; Mizuho climbs
Japan's Nikkei share average fell on Wednesday as traders locked in recent gains and appreciation in the yen sapped demand for exporters. ADVERTISEMENT Tokio Marine Holdings sank 2.6% and triggered a decline in insurance companies after forecasting a 12% drop in annual profit. Mizuho surged 2.7%, leading banks higher after announcing a plan to shed cross-shareholdings. The benchmark Nikkei has climbed 4.4% since U.S. President Donald Trump announced sweeping tariffs on April 2, only to pause most of them as he sought bilateral trade deals. "Stocks have been on a rise, but now that earnings have come to an end, I think there's a slight lack of catalysts in the market," said Wataru Akiyama, a strategist at Nomura Securities. "We may be seeing an adjustment in the stock market after the recent rally has led to short-term overheating." Japan's export-reliant economy and equity market are still vulnerable to how trade talks with the U.S. pan out. The nation's lead trade negotiator, Ryosei Akazawa, will head to the U.S. on Friday for a third round of talks, the Nikkei newspaper reported. ADVERTISEMENT Data on Wednesday showed Japanese exports rose for the seventh straight month in April but shipments to the U.S. fell, highlighting the toll of Trump's tariffs. The Nikkei extended losses in the afternoon session as the yen advanced, closing 0.6% lower. The broader Topix lost 0.2%. ADVERTISEMENT There were 121 advancers against 102 decliners on the Nikkei, which is still down almost 6.5% this year. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
21-05-2025
- Business
- Time of India
Japan's Nikkei falls on profit-taking, yen; Mizuho climbs
Japan's Nikkei share average fell on Wednesday as traders locked in recent gains and appreciation in the yen sapped demand for exporters. Tokio Marine Holdings sank 2.6% and triggered a decline in insurance companies after forecasting a 12% drop in annual profit. Mizuho surged 2.7%, leading banks higher after announcing a plan to shed cross-shareholdings. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Setiawangsa: SUV Sale, Click Here to See Prices Luxury SUV Deals | Search Ads Search Now Undo The benchmark Nikkei has climbed 4.4% since U.S. President Donald Trump announced sweeping tariffs on April 2, only to pause most of them as he sought bilateral trade deals. "Stocks have been on a rise, but now that earnings have come to an end, I think there's a slight lack of catalysts in the market," said Wataru Akiyama, a strategist at Nomura Securities. "We may be seeing an adjustment in the stock market after the recent rally has led to short-term overheating." Live Events Japan's export-reliant economy and equity market are still vulnerable to how trade talks with the U.S. pan out. The nation's lead trade negotiator, Ryosei Akazawa, will head to the U.S. on Friday for a third round of talks, the Nikkei newspaper reported. Data on Wednesday showed Japanese exports rose for the seventh straight month in April but shipments to the U.S. fell, highlighting the toll of Trump's tariffs. The Nikkei extended losses in the afternoon session as the yen advanced, closing 0.6% lower. The broader Topix lost 0.2%. There were 121 advancers against 102 decliners on the Nikkei, which is still down almost 6.5% this year.
