A.M. Best Affirms Rating of AXA Corporate Solutions Insurance Company; Removes Rating from under Review.OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery Corporate Solutions Insurance Company (AXA CS Insurance) (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY). The rating has been removed from under review and assigned a stable outlook. The rating reflects AXA CS Insurance's balance sheet strength, which is supported by a guarantee agreement with AXA Re (Paris, France), and the significant decrease in the company's net underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. leverage. While maintaining its surplus level, AXA CS Insurance has reduced its underwriting risk through an extensive reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. program. Partially offsetting these positive rating factors are AXA CS Insurance's poor historical operating performance and its concentration in volatile lines of business. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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