AM Best Affirms Credit Ratings of XL Seguros México, S.A. de C.V.
AXA S/ADR (AXAHY)
NASDAQ:AMEX Investor Relations:
axa.com/en/investor
Company Research
Source: Business Wire
MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior), the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” and the Mexico National Scale Rating of “aaa.MX” of XL Seguros México, S.A. de C.V. (XLSM) (Mexico). The outlook of these Credit Ratings (ratings) is stable.XLSM is a member of XL Bermuda Ltd (XL), which on a consolidated basis, has a balance sheet strength that AM Best categorizes as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management (ERM).The rating reflect XL’s strategic importance to and alignment with AXA S.A. (AXA or AXA group) in enhancing the AXA group’s position in the global commercial property/casualty (P&C) insurance sector, with XL receiving rating enhancement as a result. XL is considered well-integrated within the AXA group, and AM Best expects that prompt and sufficient operational and financial support will be made available
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