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AXA Insurance Singapore Pte. Ltd. Nov 04
Standard & Poors, Nov 2004
Abstract
The public information rating on AXA Insurance Singapore Pte. Ltd. (AXA Insurance) reflects the company's stable technical and operating performance. The rating is also supported by AXA Insurance's significant market share within the Singapore general insurance industry. The slight decline in its capitalization continues to moderate the company's strengths. AXA Insurance is a subsidiary of AXA Holdings Pte. Ltd., a company incorporated in Singapore. Its ultimate holding company is AXA (A/Stable/A-1), a company incorporated in France. AXA Insurance is Singapore's fourth-largest general insurer in terms of direct written premiums, with about 5% market share. AXA is also one the top three motor insurers in Singapore, with motor being its largest class of business at 47% of its total portfolio. There...
Companies mentioned in this report are: AXA Insurance Singapore Pte. Ltd.,AXA
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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