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Reweb.
(From Reinsurance)
Rating agency AM Best has downgraded the financial strength ratings of Swiss Re and its core subsidiaries from 'A ' (superior) to 'A+' (superior).
The outlook on all ratings has been changed from negative to stable. AM Best said it feels that Swiss Re's prospective consolidated earnings are "unlikely to be supportive of an 'A ' consolidated risk-based capital level throughout the cycle, especially after the reduction suffered from historical levels". It added that it had concluded that Swiss Re's capital levels are more consistent with an 'A+' and can be maintained prospectively.
Standard & Poor's (S&P) has placed the counterparty credit, unsecured debt and preferred stock ratings of XL Capital and XL America on CreditWatch with negative implications. The rating action follows XL Capital's announcement of further reserve ...
- AXA Re Finance Claims-Paying Ability Rtg Affirmed `AAA'.
- Press release article from: Business Wire December 22, 1999 700+ words
...BUSINESS WIRE)--Dec. 22, 1999 Fitch IBCA affirms the 'AAA' claims-paying ability rating of AXA Re Finance S.A. (AXA Re Finance). AXA Re Finance is a reinsurer of U.S. municipal bonds, asset- and mortgage-backed securities (ABS...
- A.M. Best Downgrades Rating of AXA Re and Its Core Subsidiaries.
- Press release article from: Business Wire November 18, 2003 700+ words
...downgraded the financial strength rating of AXA Re (Paris, France) and its core subsidiaries...Best's view that the improvement in AXA Re's earnings is unlikely to be sufficient to restore AXA Re's consolidated risk-adjusted capitalisation...
- Fitch IBCA Affirms AXA Re Finance AAA Claims-Paying Ability - Fitch IBCA -.
- Press release article from: PR Newswire December 3, 1998 700+ words
...affirms its 'AAA' claims- paying ability rating on AXA Re Finance S.A. (AXA Re Finance), a leading reinsurer of U.S. municipal...separately capitalized subsidiary of AXA Reassurance (AXA Re), the reinsurance division of the AXA Group (AXA...
- AXA pulls the plug on some U.S. re units. (Reinsurance).(AXA Re Finance)
- Magazine article from: National Underwriter Life & Health-Financial Services Edition Connolly, Jim January 20, 2003 700+ words
...downgrades from the major rating agencies. AXA Re Finance, a unit of AXA Group, Paris...guaranty reinsurance activities carried by AXA Re Finance and cessation of underwriting and...remain active in the U.S market through AXA Re Finance and will focus on property-casualty...
- Fitch Dwngrs AXA Re Finance to `BBB'; Maintains Rating Watch Negative.
- Press release article from: Business Wire February 11, 2003 700+ words
...downgrades the insurer financial strength rating of AXA Re Finance S.A. (AXA Re Finance) to 'BBB' Rating Watch Negative from...capital will be withdrawn from the business because AXA Re Finance is currently in runoff and has little incentive...
- A.M. Best Downgrades Ratings of AXA RE; Revises Outlook to Negative.
- Press release article from: Business Wire July 3, 2007 700+ words
...rating (ICR) to "a-" from "a" of AXA RE (France). The outlook for the ratings...to negative from stable. The ratings of AXA RE reflect the fronting agreement with PARIS...the capital commitment of AXA S.A. (AXA RE's ultimate parent) to AXA RE while the...
- A.M. Best Upgrades Ratings of AXA Re and its Subsidiaries.
- Press release article from: Business Wire July 6, 2005 700+ words
...the issuer credit rating to "a" from "a-" of AXA Re (France), AXA Re Asia Pacific Pte. Ltd. (Singapore) and CGRM...outlook for all ratings is stable. The ratings reflect AXA Re's excellent consolidated risk-adjusted capitalisation...
- Fitch Affirms AXA Re Finance at 'AAA'.
- Press release article from: Business Wire January 22, 2002 700+ words
...BUSINESS WIRE)--Jan. 22, 2002 Fitch affirms the 'AAA' insurer financial strength rating of AXA Re Finance S.A. (AXA Re Finance). AXA Re Finance is a leading reinsurer of U.S. municipal bonds, asset- and mortgage-backed securities...