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AXA Seguros S.A. de C.V.
Standard & Poors, May 2011
Abstract
Strategic importance to its parent company Adoption of AXA Group's strong enterprise risk management Good competitive position and diversification by lines of business Adequate financial flexibility supported by its reinsurance program Still relatively weak, though recovering, operating performance Strong competition in the Mexican insurance market Standard & Poor's Ratings Services' ratings on AXA Seguros S.A. de C.V. (AXA Mexico) reflect the company's good competitive position and well-diversified portfolio by clients and lines of business. We consider this entity a strategically important subsidiary to its parent company, AXA Mediterranean Holding S.A. (not rated) and therefore to its ultimate parent company, AXA Group. Also, the adoption of AXA Group's strong enterprise risk management (ERM) practices and AXA Mexico's adequate capitalization support the...
Companies mentioned in this report are: AXA Seguros S.A. de C.V.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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