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
Benefits from proven financial support from the AXA Group Conservative and diversified asset portfolio, with high liquidity Good niche position in the regional chambers of commerce and industry market Intensifying competition in the Japanese life insurance industry, spurred by the economic recovery In October 2005, AXA Life Insurance Co. (AXA Life) merged with its fellow group company in Japan, the former AXA Group Life Insurance Co. Standard & Poor's had already assessed the two companies' financial strength on a combined basis, as a unit of AXA's (A/Stable/A-1) life insurance operations in Japan. Although they previously existed as separate legal entities, AXA Life and AXA Group Life had the same management under a shared holding company structure. Accordingly, the rating on...
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Research Type: Full Analysis
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