Summary: Tenet Sompo Insurance Pte. Ltd. - S&P Global Ratings’ Credit Research

Summary: Tenet Sompo Insurance Pte. Ltd.

Summary: Tenet Sompo Insurance Pte. Ltd. - S&P Global Ratings’ Credit Research
Summary: Tenet Sompo Insurance Pte. Ltd.
Published Dec 29, 2013
1422 words — Published Dec 29, 2013
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Abstract:

The rating on Tenet Sompo Insurance Pte. Ltd. is based on our assessment of the insurer's status as a highly strategic subsidiary of NKSJ Group (core subsidiaries rated A+/Stable). We assess the group credit profile of NKSJ Group as 'a+'. Our assessment of Tenet Sompo's strategic importance to NKSJ Group reflects our view that the insurer's provision of insurance support to Japanese entities operating in Singapore and its role as a risk aggregation and transfer vehicle for other subsidiaries of the group are integral to NKSJ Group's business. The group has shown strong commitment of support to Tenet Sompo through a networth maintenance agreement. The parent injected Singapore dollar (S$) 333.7 million in 2011 and S$50 million in 2012 to

  
Brief Excerpt:

RESEARCH Summary: Tenet Sompo Insurance Pte. Ltd. Publication date: 29-Dec-2013 Primary Credit Analyst: Philip P Chung, CFA, Singapore (65) 6239-6343; philip.chung@standardandpoors.com Secondary Contact: Terry Sham, CFA, FRM, Hong...

  
Report Type:

Summary

Ticker
8755@JP
Issuer
Tenet Sompo Insurance Pte. Ltd.
GICS
Property & Casualty Insurance (40301040)
Sector
Global Issuers
Country
Singapore
Region
Emerging Markets
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Tenet Sompo Insurance Pte. Ltd." Dec 29, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tenet-Sompo-Insurance-Pte-Ltd-1233946>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Tenet Sompo Insurance Pte. Ltd. Dec 29, 2013. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tenet-Sompo-Insurance-Pte-Ltd-1233946>
  
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