Axa Re Hit by Triple Downgrades After Halting New Business

Smith, Aaron
January 2003
Bond Buyer;1/14/2003, Vol. 343 Issue 31552, p6
Trade Publication
Reports that several companies downgraded the New York-based reinsurer AXA Re Finance following an announcement by its Paris, France-based parent company AXA Group about stopping all business for financial guaranty carried by its U.S. subsidiary. Factors that prompted the downgrade; Reasons given by AXA group's vice president of media relations Christophe Dufraux for stopping the business.


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