Tokio Marine expected to maintain healthy profitability: Fitch

Fitch Ratings Inc. expects Japanese insurer Tokio Marine & Nichido Fire Insurance Co. Ltd. to maintain strong profitability in the foreseeable future as the insurer intends to keep its premium rates steady and raise rates for property insurance, Asia Insurance Review reported. The Japanese insurer has managed to offset high COVID-19-related insured and investment losses across its international business through improved domestic underwriting results due to relatively smaller catastrophe losses in the past year.