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AM Best Assigns Credit Ratings to Tokio Marine HCC Mexico Compañía Afianzadora, S.A. de C.V.

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AM Best Assigns Credit Ratings to Tokio Marine HCC Mexico Compañía Afianzadora, S.A. de C.V.

AM Best has assigned a Financial Strength Rating of A (Excellent), a Long-Term Issuer Credit Rating of "a", and a Mexico National Scale Rating of "aaa.MX" to Tokio Marine HCC México Compañía Afianzadora SA de CV (TMHCC Mexico) (Mexico City, Mexico). The outlook assigned to these Credit Ratings (ratings) is stable.

The ratings reflect TMHCC Mexico's balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

The ratings also reflect TMHCC Mexico's affiliation with its parent company, Houston Casualty Company (HC), in terms of reinsurance protection, ERM and capital commitments. Limiting the ratings is the inherent risk of a start-up company implementing its business plan, and the potential volatility of Mexico's economy.