FICOH, which has been operating in Hawaii since 1911, also holds an A+ rating from A.M. Best Co. and has been on the Ward’s 50 group of top-performing property and casualty (P&C) insurance companies in the United States for six consecutive years.
“We are proud FICOH is seen as strategically important to our parent company Tokio Marine,” said Jeff Shonka, FICOH CEO and president. “Our A+ rating is an indication of our financial security and ability to serve the entire spectrum of accounts in the Hawaii market, from small to very large.”
The rating increase by S&P was based in part on FICOH's contribution of consistent positive earnings and extremely strong capital to the Tokio Marine group of companies.