AXIS REINS CO
Major Rating Factors:
Fair overall results on stability tests (3.3 on a scale of 0 to 10) including potential drain of affiliation with AXIS Specialty Ltd. The largest net exposure for one risk is conservative at 1.3% of capital. Fair profitability index (4.1) with operating losses during 2017 and the first six months of 2022. Return on equity has been low, averaging 1.8% over the past five years.
Other Rating Factors:
History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.1) 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 (1.3%), med mal (0.9%), acc & health (0.2%), other (97.6%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (65.0%), common stock (4.0%), non investment grade bonds (3.4%), cash (1.7%), other (25.9%)
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) 746-9400
NAIC Number
20370
Website
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