AXIS SPECIALTY INS CO
Major Rating Factors:
Weak profitability index (2.9 on a scale of 0 to 10) with operating losses during 2018 and 2020. Average return on equity over the last five years has been poor at -3.6%. Weak overall results on stability tests (2.5) including weak results on operational trends. The largest net exposure for one risk is acceptable at 2.9% of capital.
Other Rating Factors:
Fair long-term capitalization index (3.6) based on good current risk adjusted capital (moderate loss scenario). Moreover, capital has steadily grown over the last five years. Fair reserve development (4.4) as reserves have generally been sufficient to cover claims. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
All states except CA, IA, ME, NM, NY, WY, PR
Principal Investments:
Investment grade bonds (87.3%), non investment grade bonds (4.1%), other (8.6%)
Corporate Info
Group Affiliation
AXIS Specialty Ltd
Investment Rating
Company Address
1 American Row Suite 4w
HARTFORD, CT 6102
HARTFORD, CT 6102
Phone Number
(414) 369-5033
NAIC Number
15610
Website
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