A.M. Best Takes Various Rating Actions on 55 Canadian P/C Insurers.OLDWICK, N.J. -- A.M. Best Co. has affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. the financial strength ratings of 38 Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. insurers, downgraded the ratings of four, upgraded the ratings of nine and assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. initial ratings to four Canadian property/casualty insurers. These ratings are based solely upon public information and present the most informed view A.M. Best can offer, short of an insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. participating in the full interactive rating process. A.M. Best's public data (pd) ratings are assigned to Canadian, U.K. and other European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. insurers, as well as Health Maintenance Organizations (HMOs) and health insurers that do not subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; A.M. Best's interactive rating process. A.M. Best uses the same rating scale and definitions as it does for its long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. financial strength interactive ratings but applies a pd rating modifier (programming) modifier - An operation that alters the state of an object. Modifiers often have names that begin with "set" and corresponding selector functions whose names begin with "get". to ensure the user is aware of the more limited information basis for the rating. An interactive A.M. Best rating is produced at the request of the insurer. The rating process includes detailed interviews of senior management and access to non-public data and other information. Information on issues that is typically limited in the public domain plays a significant part in the interactive rating analysis. A.M. Best interactively rates a majority of insurers in Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of . A.M. Best has affirmed the ratings of the following Canadian property/casualty companies:
Company Rating
Alberta Motor Association Insurance Company B++
Allstate Insurance Company of Canada B+
La Capitale, Compagnie d'Assurance Generale A-
Eagle Star Insurance Company Limited CAB B+
Farmers' Mutual Insurance Company (Lindsay) B+
Glengarry Farmers' Mutual Fire Insurance Company B++
HSBC Canadian Direct Insurance Inc B+
Industrial-Alliance General Insurance Company B-
Pacific Coast Fishermens Mutual Marine Insurance Company B++
Pictou County Farmers Mutual Fire Insurance Company B+
Pool Insurance Company B+
Security National Insurance Company B++
The Portage La Prairie Mutual Insurance Company B+
TD General Insurance Company B+
Prince Edward Island Mutual Insurance Company B++
Red River Valley Mutual Insurance Company B++
Saskatchewan Mutual Insurance Company B++
Western Surety Company B++
Le Mans Re CAB B+
Gore Mutual Insurance Company B+
Promutuel Reassurance B+
CAA Insurance Company (Ontario) B
BCAA Insurance Corporation B-
Saskatchewan Motor Club Insurance Company Limited B+
Personal General Insurance Inc B++
Personal Insurance Company B
Southeastern Mutual Insurance Company B+
Dominion of Canada General Insurance Company A-
Desjardins Assurances Generales Inc B++
Orleans General Insurance Company B+
Mutual Fire Insurance Company of B.C. B++
Economical Mutual Insurance Company B+
Federation Insurance Company of Canada B+
Langdon Insurance Company B+
Missisquoi Insurance Company B++
Perth Insurance Company B+
RBC General Insurance Company B+
Waterloo Insurance Company B+
A.M. Best has downgraded the ratings of the following Canadian
property/casualty companies:
Company Rating
Antigonish Farmers Mutual Fire Insurance B+
Canassurance General Ins. Co. Inc. B+
Primmum Insurance Company B+
RBC Travel Insurance Company B+
A.M. Best has upgraded the ratings of the following Canadian
property/casualty companies:
Company Rating
Grain Insurance and Guarantee Company B++
Legacy General Insurance Company A-
London and Midland General Insurance Company A-
North Waterloo Farmers Mutual Insurance Company B++
CUMIS General Insurance Company B
Canadian Northern Shield Insurance Company B
Algoma Mutual Insurance Company B
Clare Mutual Insurance Company B
Pembridge Insurance Company B
A.M. Best has assigned initial ratings to the following Canadian
property/casualty companies:
Company Rating
Aviva Insurance Company of Canada A-
Elite Insurance Company B++
Traders General Insurance Company B+
Certas Direct Insurance Company B
A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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