Investing.com -- AM Best, a credit rating agency, has recently reaffirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) for Tokio Marine GRV Re, Inc. (TMGRV Re), based in Oklahoma City, OK. The outlook for these Credit Ratings remains stable.

The ratings are a reflection of TMGRV Re’s robust balance sheet, deemed as very strong by AM Best. The agency also acknowledges the company’s adequate operational performance, its limited business profile, and its highly effective enterprise risk management (ERM) system.

As an internal reinsurer, TMGRV Re provides services for affiliated entities under the umbrella of the Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF). The company gains from the strong global presence of the group. The ratings are further bolstered by the explicit support that TMGRV Re receives through a capital maintenance agreement with TMNF.

Moreover, implicit support is provided by affiliated entities, which includes the daily management of operations and the execution of TMNF’s robust ERM program. This support and collaboration contribute positively to the company’s stability and the affirmation of its credit ratings.

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