Fitch Affirms Ratings of AXIS Capital Holdings, Ltd.; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has removed the ratings of AXIS Capital Holdings Ltd. (AXIS Capital) and its operating subsidiaries from Rating Watch Positive following the announced termination of the merger between AXIS Capital and PartnerRe Ltd (PRE). Fitch has affirmed the Issuer Default rating of AXIS Capital at 'A' and the Insurer Financial Strength ratings of its operating subsidiaries at 'A+'. The Rating Outlook is Stable. See the full list of rating actions below. KEY RATING DR

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