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In mid-December 2002, AXIS Reinsurance Company received regulatory approval from the State of New York, where our U.S. treaty reinsurance operations are headquartered. AXIS Reinsurance Company is rated "A" (Excellent) XV by A.M. Best and "A" (Strong) by Standard & Poor’s. It is fully capitalized, with statutory surplus in excess of $600 million. AXIS Re U.S. offers a complete range of traditional and specialty property and liability reinsurance products, including directors and officers, medical malpractice, umbrella, casualty clash, workers compensation, personal accident, marine, property pro rata, property per risk, and commercial and contract surety bond business. Our strength lies in our ability to create innovative and efficient reinsurance solutions for a diverse array of insurance companies. We are committed to supporting our intermediaries and the broker market distribution system. Our management and underwriting team has long-standing relationships with our partners – both clients and reinsurance brokers. It is AXIS Re's goal to be among the top 10 reinsurers worldwide as measured by quality and sustainability of profit and service. We expect to reach our goals by following a strategy of profitable underwriting. We control our aggregate exposures and maintain a diverse spread of risk across both product lines and geographic zones. AXIS Re emphasizes excess-of-loss contracts where we can influence terms and conditions and utilize our capacity most efficiently. Through effective expense control and a focus on underwriting discipline, we meet our clients’ needs effectively while achieving our profitability goals. AXIS Re's global underwriting platform, together with our broker distribution network, enables us to operate successfully in the world’s major reinsurance markets and provide the level of service and quality that cedents expect today. |
