AXIS Capital Holdings Limited (“AXIS Capital” or “the Company”)
(NYSE:AXS) was recently named to Forbes 2014 list of “America’s 50 Most
Trustworthy Financial Companies.” The Forbes ranking is exclusive to
banks and insurance companies and highlights those whose corporate
governance practices are amongst the most transparent in the industry.
GMI Ratings provides the data underpinning the ranking to Forbes after
reviewing the accounting and governance practices at more than 8,000
publicly traded firms. Factors considered in the assessment include
high-risk events, revenue and expense recognition methods, SEC actions,
and bankruptcy risk. GMI Ratings then assigns each company an
“Aggressive Accounting and Governance Risk” (AGR) score based on its
performance in the assessment.
AXIS Capital received a current AGR score of 92 out of a possible 100,
reflecting the Company’s ongoing commitment to financial transparency,
corporate governance and its disciplined approach to risk management.
About AXIS Capital
AXIS Capital is a Bermuda-based global provider of specialty lines
insurance and treaty reinsurance with shareholders’ equity attributable
to AXIS Capital at March 31, 2014 of $5.8 billion and locations in
Bermuda, the United States, Europe, Singapore, Canada, Australia and
Latin America. Its operating subsidiaries have been assigned a rating of
“A+” (“Strong”) by Standard & Poor’s and “A+” (“Superior”) by A.M. Best.
For more information about AXIS Capital, visit our website at www.axiscapital.com.
Copyright Business Wire 2014