AXIS REINS CO
Major Rating Factors:
Fair overall results on stability tests (4.2 on a scale of 0 to 10) including potential drain of affiliation with AXIS Specialty Ltd and weak results on operational trends. The largest net exposure for one risk is conservative at 1.3% of capital. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.0) despite operating losses during 2022. Return on equity has been low, averaging 2.9% over the past five years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (0.7%), med mal (0.7%), other (98.6%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (64.7%), non investment grade bonds (4.1%), cash (3.3%), common stock (1.8%), other (26.1%)
Corporate Info
Group Affiliation
AXIS Specialty Ltd
Investment Rating
Company Address
1211 Avenue Of The Americas 24
NEW YORK, NY 10036
NEW YORK, NY 10036
Phone Number
(678) 746-9476
NAIC Number
20370
Website
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