AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of 'a' (Excellent) for Nissan Global Reinsurance, Ltd. (NGRe). The ratings reflect NGRe's very strong balance sheet strength, adequate operating performance, and stable outlook. NGRe continues to achieve profitable operations, resulting in consistent surplus growth and strong capitalization. As a captive insurer for Nissan Motor Co., Ltd. (NASDAQ: NSANY), NGRe provides various insurance coverages, benefiting from Nissan's extensive risk management practices.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of 'a' (Excellent) for Nissan Global Reinsurance, Ltd. (NGRe). The ratings reflect NGRe's very strong balance sheet strength and adequate operating performance. NGRe has reported consistent profitable operations leading to surplus growth, with significant contributions from asset-backed securities (ABS) linked to Nissan. Despite a decrease in ABS investments over the past two years, they remain crucial for NGRe's cash flows. The ratings outlook is stable.