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AXA Insurance Singapore Pte. Ltd. Dec 05
Standard & Poors, Dec 2005
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 strong market position within the Singapore general insurance industry. The company's strengths continue to be moderated by its relatively weaker capitalization compared with domestic peers. AXA Insurance is a subsidiary of AXA Holdings Pte. Ltd., a company incorporated in Singapore. Its ultimate holding company is AXA (A/Positive/A-1), a company incorporated in France. AXA Insurance is Singapore's third-largest general insurer in terms of gross premiums, with about 7% market share. AXA is also one the top three motor insurers in Singapore, with motor being its largest class of business at about half of...
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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