![]() These strengths are tempered by the company's inherent underwriting volatility in many of its core business lines including sizable property catastrophe exposures and the potential for adverse reserve development from its long-tail casualty lines. Sompo International is strategically important to Sompo as it executes its strategy to grow its specialty platform and diversify revenues and earnings outside its domestic Japanese market. and the A1 insurance financial strength rating (IFS) of its insurance operating subsidiaries (collectively, Sompo International) reflect Sompo International's good position in the global specialty insurance and reinsurance markets, its solid capital adequacy, and implicit and explicit support from its parent, Sompo Japan Nipponkoa Insurance Inc. Moody's A3 senior debt rating on Sompo International Holdings Ltd. Key rating considerations are summarized below. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on for the most updated credit rating action information and rating history. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion. The review did not involve a rating committee. ![]() The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. ![]() and other ratings that are associated with the same analytical unit. New York, J- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sompo International Holdings Ltd. Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Sompo International Holdings Ltd. ![]()
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