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News - Best affirms Axis, waits for Charman successor plan.

Europe Intelligence Wire

| August 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Reinsurance)

AM Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of "A" of Bermudian (re)insurer Axis Specialty (Axis) and its operating affiliates. Concurrently, the agency has affirmed the ICR of "bbb" and all existing debt ratings of Axis Capital Holdings.

It has also assigned debt ratings to Axis Capital Holdings Limited and an FSR and ICR to Axis Insurance Company. The outlook for all ratings is stable.

AM Best said the ratings reflect its excellent ...

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