Saturday, April 17African Business News
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Tag: AXA Mansard’

Underwriter gets stable outlook rating for performance

Underwriter gets stable outlook rating for performance

Business
The plan to recapitalise the insurance industry in the country may be getting the required boost as insurers record improved rating outlook by global agencies. A global credit rating agency, AM Best, spotted improved performance of Nigerian insurers. It revised an outlook to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “BBB-” of AXA Mansard Insurance Plc. The ratings reflect AXA Mansard’s balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, business profile and appropriate enterprise risk management. The agency noted that AXA Mansard Insurance remains an outstanding firm with strong financial strength and excellent underwriting capabilities. In recog...