Research Update: Global Multiline Insurer AXA Group Ratings Lowered To 'A+' On Pressure On Capital Adequacy; Outlook Stable Dec 12
- Language: English
- Published: December 2012
- Region: Global
The ratings on AXA China Region Insurance Co. (Bermuda) Ltd. (ACRB) reflect the company's strong market position, good investment profile, and the financial support it receives from its parent. However, these factors are moderated by the company's reduced operating performance and investment market volatility. ACRB is the main subsidiary of Hong Kong-based AXA China Region Ltd., a wholly owned subsidiary of AXA Asia Pacific Holdings Ltd. and a member of the France-based AXA insurance group. ACRB has a very good market position and is the third-largest life insurance company in Hong Kong in terms of in-force individual life insurance business, with a market share of about 10%. In a market in which distribution capacity is critical, the company has a...
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Research Type: Full Analysis
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