AXIS Capital faces more ratings actions but 'confident' it will regain 'superior rating'


Re/insurer AXIS Capital Holdings is facing more downgrades from international ratings agencies after it reported a first quarter net loss of $185 million, $235 million of COVID-19 related losses and a deteriorating combined ratio. The company, however, is "confident" that the actions it has taken to improve its book of business will help earn back the "superior rating".

AXIS Capital Holdings, Ratings, AM Best, S&P, Fitch Ratings, Net loss, Q1, Combined ratio, Coronavirus, Insurance, Reinsurance, Bermuda

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