S&P revises view on Tokio Marine U.S. units to stable

S&P said it revised the outlook on the 19 U.S.-domiciled Tokio Marine & Nichido Fire Insurance Co. Ltd. to stable from positive following the revision of the parent’s outlook to stable from positive on Friday. S&P cited the uncertainty created the coronavirus and its effect on the financial markets.

The companies are Delphi Financial Group Inc., Reliance Standard Life Insurance Co., First Reliance Standard Life Insurance Co., Safety National Casualty Corp., Reliance Standard Life Global Funding II, and Safety First Insurance Co. (collectively, Delphi).

Also, HCC Insurance Holdings Inc., Avemco Insurance Co., HCC Reinsurance Co. Ltd., Houston Casualty Co., American Contractors Indemnity Co., HCC International Insurance Co. plc, HCC Life Insurance Co., United States Surety Co., U.S. Specialty Insurance Co., and Tokio Marine Europe SA (collectively, HCC) and Philadelphia Indemnity Insurance Co. and Tokio Marine Specialty Insurance Co. (collectively, PHLY) and First Insurance Co. of Hawaii Ltd.

The agency affirmed its ratings on the companies.

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