HONG KONG, Aug 27 (Bernama-BUSINESS WIRE)-- A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of INPEX Insurance, Ltd. (IIL) (Bermuda). The outlook for both ratings is stable.
The rating reflects IIL’s favorable operating results and strong risk-adjusted capitalization. In addition, IIL benefits from implicit and explicit support provided by its parent company, INPEX CORPORATION (INPEX). As a single parent captive domiciled in Bermuda, IIL provides marine and energy coverage to the parent and its affiliated global companies.
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