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Published on 8/27/2010 in the Prospect News Investment Grade Daily.

S&P: AXIS unchanged

Standard & Poor's said its ratings on AXIS Capital Holdings Ltd. (A-/stable) and its operating subsidiaries are not affected by the announcement of the resignation of the chief financial officer, David Greenfield, effective Nov. 30.

The agency said Greenfield is leaving the company on good terms to pursue other interests, and S&P doesn't believe this management change is a concern given the strong executive management team and its proven track record.


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