AM Best Assigns Top Ratings to AXIS Specialty Insurance

Subsidiary of AXIS Capital Holdings earns 'Excellent' financial strength and credit ratings.

Published on Feb. 12, 2026

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AM Best, a leading global credit rating agency, has assigned its highest financial strength rating of A (Excellent) and long-term issuer credit rating of 'a+' (Excellent) to AXIS Specialty Insurance Limited (ASIL), a subsidiary of AXIS Capital Holdings Limited. The ratings reflect ASIL's strongest balance sheet, adequate operating performance, favorable business profile, and appropriate enterprise risk management.

Why it matters

The strong ratings from AM Best validate ASIL's strategic importance as an internal reinsurer for its parent company AXIS Capital, a leading specialty insurance provider. The ratings demonstrate ASIL's financial stability and ability to support other AXIS Capital entities through reinsurance, liquidity, and other support.

The details

ASIL, based in Pembroke, Bermuda, provides a variety of specialty insurance lines that are crucial to AXIS Capital's focus on becoming a leading specialty insurer. AM Best's assessment of ASIL's balance sheet strength as 'strongest', along with its adequate operating performance, favorable business profile, and appropriate enterprise risk management, were the key factors in earning the top-tier ratings.

  • AM Best assigned the ratings on February 12, 2026.

The players

AXIS Specialty Insurance Limited

A subsidiary of AXIS Capital Holdings Limited that provides a variety of specialty insurance lines.

AXIS Capital Holdings Limited

A leading specialty insurance provider that has focused on becoming a leader in the specialty insurance market.

AM Best

A global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry.

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The takeaway

The top-tier ratings from AM Best demonstrate AXIS Specialty Insurance Limited's financial strength and strategic importance to its parent company AXIS Capital Holdings. This validates ASIL's role as a key internal reinsurer and provider of support to other AXIS Capital entities as the parent company continues to focus on becoming a leading specialty insurer.