A++ Superior
A.M. Best
AA- Very Superior
Standard & Poor's
 

Highlights & Ratings

Highlights
As at 31 December 2015
  • TOTAL ASSETS
    US$3,850.8
    Million
    Last 5 Years 
    TOTAL ASSETS
    2011
    2012
    2013
    2014
    2015
  • NET PREMIUM WRITTEN
    US$1,339.3
    Million
    Last 5 Years 
    NET PREMIUM WRITTEN
    2011
    2012
    2013
    2014
    2015
  • LOSS RATIO
    54.3%
    Last 5 Years 
    LOSS RATIO
    2011
    2012
    2013
    2014
    2015
  • NET ASSETS
    US$1,205.9
    Million
    Last 5 Years 
    NET ASSETS
    2011
    2012
    2013
    2014
    2015
  • NET INCOME
    US$107.8
    Million
    Last 5 Years 
    NET INCOME
    2011
    2012
    2013
    2014
    2015
  • COMBINED RATIO
    92.6%
    Last 5 Years 
    COMBINED RATIO
    2011
    2012
    2013
    2014
    2015
Ratings
 
A.M. Best credit report as of 13 March 2017 Information on the most current rating is available at www.ambest.com

 

Standard & Poor’s credit report as of 28 March 2017 Information on the most current rating is available at www.standardandpoors.com

Deed of Guarantee

  • Tokio Millennium Re AG benefits from a Deed of Guarantee ("Guarantee") originally issued on September 1, 2004 by Tokio Marine & Nichido Fire Insurance Co. Ltd. (“TMNF”); the Guarantee was amended and restated as of July 1, 2015 to add Tokio Marine & Nichido Life Insurance Co. Ltd. (“TMNL”) as a co-guarantor under the Guarantee.
  • TMNF and TMNL (collectively, the “Guarantor”) irrevocably guarantee to any holder (each a “Beneficiary”) of a reinsurance contract issued by Tokio Millennium Re AG the performance of the obligations of such reinsurance contracts in accordance with their terms and conditions.
  • The Guarantor declares the Guarantee to be unconditional and irrevocable and that the Guarantor’s obligations under the Guarantee shall not be affected by the genuineness, validity, regularity or enforceability of their obligations under such insurance policy and reinsurance contract.
  • Without limiting the unconditional nature of the Guarantee, the rights, duties, obligations and liabilities of TMNF and TMNL as co-guarantors is several (and not joint), with TMNF sharing 60% and TMNL 40% of all such rights, duties, obligations and liabilities.
  • The Guarantor’s obligations under the Guarantee rank pari passu with the claims of all of the respective Guarantor's other unsecured and unsubordinated creditors.