AM Best Places Credit Ratings of Axéria Prévoyance and Axeria Re Limited Under Review With Developing Implications

LONDON–(BUSINESS WIRE)–AM Best has placed under review with developing implications the Financial Strength Ratings of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Axéria Prévoyance (Axéria) (France) and Axeria Re Limited (Axeria Re) (Malta). These Credit Rating (rating) actions follow April S.A.’s (April) announcement on 29 December 2018 that its majority shareholder, SAS Evolem, had entered into exclusive negotiations with CVC Capital Partners (CVC), to acquire SAS Evole