Axis Capital Holdings Limited and its operating subsidiaries have been rated A+ Insurer Financial Strength (IFS) by Fitch Ratings. The Rating Outlook is Stable.
The insurance company has a history of favorable reserve development, reflecting positively on reserving practices. Over the past two years, the Reinsurance segment reported greater favorable reserve development relative to the Insurance segment. Year-to-date 2014, the reinsurance company reported net favorable reserve development of $193 million, up from the prior year period despite expectations for a reduced benefit.
