The recent natural catastrophes in Asia are likely to have a negative effect on SJ Singapore's parent group, NKSJ. We consider SJ Singapore's parent Sompo Japan Insurance Inc. to be a core subsidiary of the group. We are placing our 'A+' insurer financial strength ratings on SJ Singapore on CreditWatch with negative implications. HONG KONG (Standard&Poor's) Nov. 23, 2011--Standard&Poor's Ratings Services said today that it had placed its 'A+' insurer financial strength rating on Sompo Japan Insurance (Singapore) Pte. Ltd. (SJ Singapore) on CreditWatch with negative implications. "The CreditWatch placement follows a similar action on core insurers in SJ Singapore's parent group, NKSJ," said Standard&Poor's credit analyst Paul Clarkson. We consider SJ Singapore's parent
