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AXA Life Insurance Co. Oct 06
Standard & Poors, Oct 2006
Abstract
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...
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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