New York-based Standard & Poor’s Ratings Services announced yesterday that it has raised credit and debt ratings for Bermuda-based AXIS Capital and also upped the financial strength ratings of its insurance subsidiaries to “A-plus” from “A.”

S&P analyst Laline Carvalho said the upgrade “reflects our view that AXIS has consistently outperformed most of its peers, with strong operating results since its inception in 2001.”

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