Market Overview

A.M. Best Affirms Credit Ratings of AXA Insurance Company


A.M. Best has affirmed the Financial Strength Rating of A
(Excellent) and the Long-Term Issuer Credit Rating of "a+" of AXA
Insurance Company
(AXA Insurance) (New York, NY). The outlook of
these Credit Ratings (ratings) is stable. AXA Insurance is a U.S.
subsidiary of AXA S.A. (AXA) (OTC:AXAHY, CS:FP]).

The ratings of AXA Insurance reflect its strong risk-adjusted
capitalization, solid underwriting fundamentals and overall operating
profitability. The company serves as AXA's primary U.S. insurer of
reverse flow business representing the domestic portion of multinational
accounts generated by AXA affiliates, and offers select coverage for
U.S.-based accounts. AXA Insurance also is the primary direct writer of
the AXA organization's fine arts coverage in the United States.

A.M. Best believes the ratings of AXA Insurance are well-positioned at
their current level. The ratings of AXA Insurance may be downgraded if
risk-adjusted capitalization significantly weakens, if underwriting
performance trends negatively from either an increase in claims
frequency or severity, from adverse reserve development, or if the
implicit or explicit support provided by AXA diminishes.

This press release relates to Credit Ratings that have been published
on A.M. Best's website. For all rating information relating to the
release and pertinent disclosures, including details of the office
responsible for issuing each of the individual ratings referenced in
this release, please see A.M. Best's
Rating Activity
web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view
Best's Credit Ratings
. For information on the proper media
use of Best's Credit Ratings and A.M. Best press releases, please view
for Media - Proper Use of Best's Credit Ratings and A.M. Best Rating
Action Press Releases

A.M. Best is the world's oldest and most authoritative insurance
rating and information source. For more information, visit

Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its
subsidiaries. ALL RIGHTS RESERVED.

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