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AXA Insurance Singapore Pte. Ltd. Sep 03
Standard & Poors, Sep 2003
Abstract
The public information rating on AXA Insurance Singapore Pte. Ltd. (AXA Insurance) reflects the company's stable underwriting and operating performance. The rating is also supported by AXA Insurance's significant market share within the Singapore general insurance industry. Moderating these strengths is the slight erosion in its capitalization. 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 retains a significant business profile in the Singapore general insurance industry, as the fourth-largest general insurer in terms of direct written premiums, with about a 5.5% market share. Its key lines of business include motor, marine, casualty, and property. Although AXA Insurance's underwriting book...
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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