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As of Oct. 19, incurred losses for marine and transport insurance totaled 5.93 billion yen, followed by 3.96 billion yen for fire insurance and 2.46 billion yen for automobile insurance. The estimated incurred losses did not take into account reinsurance coverage, said Tokio Marine. The amounts are subject to adjustment based on claims investigations and other factors.
Tokio Marine & Nichido Fire Insurance Co. Ltd. currently has a Best's Financial Strength Rating of A++ (Superior).
(By Iris Lai, Hong Kong bureau manager: Iris.Lai@ambest.com)
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