AXIS Specialty Limited Receives an A- -Excellent- Rating From A.M. Best Company, Inc.Business Editors PEMBROKE, Bermuda--(BUSINESS WIRE)--Dec. 5, 2001 AXIS Specialty Limited announced today it has received an A- (Excellent) rating from A.M. Best Company, Inc. John Charman John R Charman (born 1953), is an English businessman, who has made his career in insurance. He is currently CEO/President/Director at Bermuda based Axis Capital Holdings Ltd. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said, "This initial rating reflects our compelling combination of a substantial, unencumbered Unencumbered Property that is not subject to any creditor claims or liens. Notes: For example, if a house is owned free and clear (meaning the owner owes no mortgage to anyone), it is unencumbered. capital base aligned with a proven, strong and capable management and underwriting team. AXIS is a truly transformational company for the specialty insurance industry and this excellent rating confirms our position as a new leader in the market." AXIS Specialty Limited is a Bermuda based insurance and 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. company initially focusing on property catastrophe reinsurance and specialty lines of insurance. |
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