A.M. Best has affirmed the financial strength ratings of “A- (Excellent)” and the long-term issuer credit rating of "a-" of Nissan Global Reinsurance (NGRe), the captive insurer of Nissan Motor Company, located in Bermuda.
According to A.M. Best, the ratings reflect NGRe’s “strong” risk-adjusted capitalisation, “significantly” improved underwriting performance over the past four years and its “conservative” underwriting strategy.
NGRe’s role as a captive is to provide Nissan Motor Company with a various insurance coverages in the US and overseas.
Coverages include global property, global marine transport, global product and general liability, workers’ compensation, and a global platform for extended service contract and extended warranty business.
