A.M. Best Co. has commented that the ratings of Winterthur Swiss Insurance Company and its core subsidiary, Winterthur Life Insurance Company, collectively known as Winterthur Group, “remain unchanged following the announcement that the group is to be acquired by AXA (See IJ Website June 15).
Best said it “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 the majority of the outstanding debt issued by Winterthur Group.”
Topics Mergers & Acquisitions AXA XL
Was this article valuable?
Here are more articles you may enjoy.
High-Net-Worth Risk Appetite Drops as Some Regions Show Stabilization 
AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In 
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says 
Litigation Funding, Other New Laws in SE States Could Impact Liability Insurance 
