A.M. Best’s rating service announced that it had “raised the financial strength rating of AXA Global Risks US Insurance Company, New York, to A- (Excellent) from B++ (Very Good.”
Best noted that the rating upgrade reflected the incorporation of AXA Global Risks into AXA’s new structure, AXA Corporate Solutions (AXA CS), which combines several units under one group.
“The company becomes part of AXA CS immediately, with the financial restructuring expected to be completed later in the year, and will operate as the primary commercial Property and casualty insurance underwriter for AXA CS in the U.S.,” said the announcement.
Was this article valuable?
Here are more articles you may enjoy.
Updated: 6 Killed in Private Plane Crash at Maine Airport 
Opportunity for Private Flood Insurers With Threat of Another NFIP Lapse 
20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut 
GEICO Settles Call-Center Worker Suits for $940,000; Attorneys Get Half 
