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.
Topics AM Best
Was this article valuable?
Here are more articles you may enjoy.
Hellman & Friedman Explores Sale of Applied Systems at Up to $10B, Sources Say 
State Farm to Increase Claims Workforce by 3,000 
Insurance Regulators Defend State-Led Model in Reply to Warren 
FEMA’s New Flood Maps Means More Homes Require Flood Insurance: Cotality 
