HONG KONG (Standard&Poor's) Nov. 26, 2007--Standard&Poor's Ratings Services said today that it had raised its local currency insurer financial strength and counterparty credit ratings on Tokio Marine Newa Insurance Co. Ltd. (Tokio Marine Newa) to 'A-' from 'BBB+'. The outlook is stable. The rating action reflects Tokio Marine Newa's increasing integration with and importance to the financially stronger Japan-based Millea group (whose core operating entity is Tokio Marine&Nichido Fire Insurance Co. Ltd.; AA/Stable/A-1+), which owns 48.9% of Tokio Marine Newa. The Millea group is likely to provide moderate support to Tokio Marine Newa if needed. "The ratings continue to reflect the insurer's satisfactory and improving operating performance, strong capitalization, and good position in auto
