A.M. Best Comments on the Acquisition of Winterthur Group by AXA.OLDWICK, N.J. -- A.M. Best Co. has commented that the ratings of Winterthur Winterthur (vĭn`tərt  r'), city (1990 est. pop. 85,200), Zürich canton, N Switzerland. Swiss Insurance Company (Switzerland Switzerland (swĭt`sərlənd), Fr. Suisse, Ger. Schweiz, Ital. Svizzera, officially Swiss Confederation, federal republic (2005 est. pop. 7,489,000), 15,941 sq mi (41,287 sq km), central Europe. ) and its core subsidiary, Winterthur Life Insurance Company (Switzerland), collectively known as Winterthur Group, remain unchanged following the announcement that the group is to be acquired by 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 . A.M. Best believes that the current financial strength of Winterthur Group is likely to remain unchanged following the acquisition. Financial flexibility is likely to remain stable following AXA's decision to refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. the majority of the outstanding debt issued by Winterthur Group. 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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