Oldwick, New Jersey
13 December 2016
Reporter: Becky Butcher

Ratings affirmed for Nissan captive


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.

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