Standard & Poor’s Global Ratings has raised the financial strength ratings on Sompo International Holdings Ltd.’s core operating companies to “A+” from “A”, Sompo Holdings said in a statement Tuesday.
S&P also raised the assessment of the Sompo Holdings Group’s enterprise risk management to “Strong” from “Adequate with strong risk controls,” the statement said.
In raising the financial strength rating, S&P cited “SIH’s increased integration and strategic importance to Sompo Group” as the company leverages SIH’s operating platform “to enhance its product and geographic mix and expand its international presence,” the statement said.
S&P raised Sompo’s ERM assessment because it “views…
