AM Best affirms credit ratings of AXA Mansard

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AXA Mansard Insurance Plc has said that its rating outlook by the global insurance rating agency, A.M. Best as stable and its Financial Strength Rating of “B+” (Good) and “bbb-” (Good) for the Issuer Credit Rating has been affirmed.

It said this in a statement on Tuesday titled ‘AM Best affirms credit ratings of AXA Mansard Insurance’.

According to the statement, A.M. Best stated “The ratings reflect AXA Mansard’s balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.