Best's rating changes.This edition of Best's Rating Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. Changes reflects all rating changes--assignments, changes or placed under review--that occurred for life, health and property/casualty insurers domiciled dom·i·cile n. 1. A residence; a home. 2. One's legal residence. v. dom·i·ciled, dom·i·cil·ing, dom·i·ciles v.tr. 1. in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , as well as international insurance companies, since this section last appeared in the January January: see month. 2007 edition of Best's Review. See page 21 for the current Guide to Best's Financial Strength Ratings or visit the A.M. Best Co. Web site at www.ambest.com/ratings/guide.html for detailed rating definitions. The A.M. Best rating of any company and basic company information also are available free of charge at www.ambest.com/ratings/access.html. GUIDE TO BEST'S FINANCIAL STRENGTH RATINGS A Best's Financial Strength Rating is an independent opinion based on a comprehensive quantitative quantitative /quan·ti·ta·tive/ (kwahn´ti-ta?tiv) 1. denoting or expressing a quantity. 2. relating to the proportionate quantities or to the amount of the constituents of a compound. and qualitative qualitative /qual·i·ta·tive/ (kwahl´i-ta?tiv) pertaining to quality. Cf. quantitative. qualitative pertaining to observations of a categorical nature, e.g. breed, sex. evaluation of a company's balance sheet strength, operating performance and business profile, Best's Financial Strength Ratings are not a warranty An assurance, promise, or guaranty by one party that a particular statement of fact is true and may be relied upon by the other party. Warranties are used in a variety of commercial situations. In many instances a business may voluntarily make a warranty. of a company's financial strength and ability to meet its ongoing obligations to policyholders.
Ratings Changed
Rating Current
Action Company Name & Domicile AMB# Rating
Life
+ CIGNA Life Insurance Co of New York 06538 A
US: New York
+ Connecticut General Life Insurance Co 06266 A
US: Connecticut
- Forethought Life Insurance Company 09053 A-
US: Indiana
Hart Life Insurance Company 06047 NR-5
US: Connecticut
+ Life Insurance Co of North America 06645 A
US: Pennsylvania
- Magna Insurance Company 68127 B+
US: Mississippi
Sage Life Assurance of America Inc 09059 NR-5
US: Delaware
Union Security Life Insurance Company 07158 NR-5
US: Delaware
HMO
- Carolina Care Plan Inc 68944 C++
US: South Carolina
CIGNA HealthCare of Virginia Inc 68880 NR-3
US: Virginia
Property/Casuality
- Alfa General Insurance Corporation 01724 A+
US: Alabama
- Alfa Insurance Corporation 02227 A+
US: Alabama
- Alfa Insurance Group 00106 A+
US: Alabama
- Alfa Mutual Fire Insurance Company 02006 A+
US: Alabama
- Alfa Mutual General Insurance Company 03314 A+
US: Alabama
- Alfa Mutual Insurance Company 02005 A+
US: Alabama
- Alfa Specialty Insurance Corporation 12333 A+
US: Alabama
- Alfa Vision Insurance Corp 10042 A+
US: Alabama
+ Arch Excess & Surplus Insurance Co 12254 A
US: Nebraska
+ Arch Insurance Company 03186 A
US: Missouri
+ Arch Reinsurance Company 11791 A
US: Nebraska
+ Arch Specialty Insurance Company 12523 A
US: Wisconsin
Cascade National Insurance Company 11683 NR-5
US: Washington
+ Converium Insurance (North America) Inc 00554 B+
US: New Jersey
+ Converium Reinsurance (NA) Inc 02696 B+
US: Connecticut
+ Danielson Insurance Company 11350 B-
US: California
+ Danielson National Insurance Company 11351 B-
US: California
+ DHC Group 18227 B-
US: California
Employers General Insurance Company 11561 NR-3
US: Texas
+ Fremont Insurance Company 00405 B++
US: Michigan
New Home Pointe Insurance Company 11540 B+
US: Florida
New Iron Horse Insurance Company 13060 A
US: Vermont
+ Medical Protective Company 00591 A++
US: Indiana
+ National American Insurance Co of CA 03105 B-
US: California
New New England Mutual Insurance Co 13575 A+
US: Massachusetts
+ North Pointe Insurance Company 00317 A-
US: Michigan
- Omni Indemnity Company 10831 B+
US: Illinois
- Omni Insurance Company 10642 B+
US: Illinois
- Omni Insurance Group 18106 B+
US: Georgia
New Praetorian Specialty Insurance Co 11432 A- (u)
US: Delaware
New Southwest Marine and General Ins Co 13309 A-
US: Arizona
+ Sovereign General Insurance Company 85791 B++
Canada: Alberta
New Star Casualty Insurance Company, Inc 11198 B++
US: Florida
Sterling Casualty Insurance Company 1720 NR-5
US: California
+ Ulico Casualty Company 02623 B+
US: Delaware
- Virginia Mutual Insurance Company 00954 A+
US: Virginia
Virginia Surety Group 18588 NR-5
US: Illinois
+ Washington Casualty Company 11243 B+
US: Washington
International
+ Ansvar Insurance Company Limited 87222 A-
United Kingdom
+ Arch Insurance Co (Europe) Limited 77102 A
United Kingdom
+ Arch Reinsurance Ltd 75169 A
Bermuda
Clerical Medical Managed Funds Ltd 87281 NR-5
United Kingdom
+ Ecclesiastical Insurance Office plc (CC) 86286 A
United Kingdom
New Empyrean Re Ltd. 78525 A-
Bermuda
New Flagstone Reassurance Suisse SA 78516 A-
Switzerland
- General Insurance Corporation of India 86041 A-
India
New Glacier Insurance AG 78515 A-
Liechtenstein
New Lemma Insurance Company 78111 B+
Ukraine
- New India Assurance Company Limited 86043 A-
India
- Primary Insurance Company Ltd 77341 B (u)
Ireland
Prudential Assurance Company Limited 87803 NR-4
United Kingdom
+ Reaseguradora Patria, S.A. 86054 A-
Mexico
+ St. James's Place UK plc 87410 B++ pd
United Kingdom
New Transsiberian Reinsurance Corporation 78395 C++
Russia
New UNUM Limited 87658 A-
United Kingdom
Rating Previous
Action Company Name & Domicile Rating
Life
+ CIGNA Life Insurance Co of New York A-
US: New York
+ Connecticut General Life Insurance Co A-
US: Connecticut
- Forethought Life Insurance Company A
US: Indiana
Hart Life Insurance Company A
US: Connecticut
+ Life Insurance Co of North America A-
US: Pennsylvania
- Magna Insurance Company B++
US: Mississippi
Sage Life Assurance of America Inc A-
US: Delaware
Union Security Life Insurance Company A
US: Delaware
HMO
- Carolina Care Plan Inc B
US: South Carolina
CIGNA HealthCare of Virginia Inc A-
US: Virginia
Property/Casuality
- Alfa General Insurance Corporation A++
US: Alabama
- Alfa Insurance Corporation A++
US: Alabama
- Alfa Insurance Group A++
US: Alabama
- Alfa Mutual Fire Insurance Company A++
US: Alabama
- Alfa Mutual General Insurance Company A++
US: Alabama
- Alfa Mutual Insurance Company A++
US: Alabama
- Alfa Specialty Insurance Corporation A++
US: Alabama
- Alfa Vision Insurance Corp A++
US: Alabama
+ Arch Excess & Surplus Insurance Co A-
US: Nebraska
+ Arch Insurance Company A-
US: Missouri
+ Arch Reinsurance Company A-
US: Nebraska
+ Arch Specialty Insurance Company A-
US: Wisconsin
Cascade National Insurance Company F
US: Washington
+ Converium Insurance (North America) Inc B (u)
US: New Jersey
+ Converium Reinsurance (NA) Inc B- (u)
US: Connecticut
+ Danielson Insurance Company C++
US: California
+ Danielson National Insurance Company C++
US: California
+ DHC Group C++
US: California
Employers General Insurance Company B+
US: Texas
+ Fremont Insurance Company B+
US: Michigan
New Home Pointe Insurance Company
US: Florida
New Iron Horse Insurance Company
US: Vermont
+ Medical Protective Company A+
US: Indiana
+ National American Insurance Co of CA C++
US: California
New New England Mutual Insurance Co
US: Massachusetts
+ North Pointe Insurance Company B++
US: Michigan
- Omni Indemnity Company A- (u)
US: Illinois
- Omni Insurance Company A- (u)
US: Illinois
- Omni Insurance Group A- (u)
US: Georgia
New Praetorian Specialty Insurance Co NR-4
US: Delaware
New Southwest Marine and General Ins Co
US: Arizona
+ Sovereign General Insurance Company B+
Canada: Alberta
New Star Casualty Insurance Company, Inc NR-1
US: Florida
Sterling Casualty Insurance Company E
US: California
+ Ulico Casualty Company B
US: Delaware
- Virginia Mutual Insurance Company A++
US: Virginia
Virginia Surety Group A-
US: Illinois
+ Washington Casualty Company E
US: Washington
International
+ Ansvar Insurance Company Limited B++
United Kingdom
+ Arch Insurance Co (Europe) Limited A-
United Kingdom
+ Arch Reinsurance Ltd A-
Bermuda
Clerical Medical Managed Funds Ltd B+ pd
United Kingdom
+ Ecclesiastical Insurance Office plc (CC) A-
United Kingdom
New Empyrean Re Ltd.
Bermuda
New Flagstone Reassurance Suisse SA
Switzerland
- General Insurance Corporation of India A
India
New Glacier Insurance AG
Liechtenstein
New Lemma Insurance Company
Ukraine
- New India Assurance Company Limited A
India
- Primary Insurance Company Ltd B++ (u)
Ireland
Prudential Assurance Company Limited A+
United Kingdom
+ Reaseguradora Patria, S.A. B++
Mexico
+ St. James's Place UK plc B+ pd
United Kingdom
New Transsiberian Reinsurance Corporation
Russia
New UNUM Limited NR-5
United Kingdom
Rating Action: (+) or (-) Rating upgraded or downgraded; (New)
Assigned initial rating; (u) Rating under review
Ratings Under Review
Rating Current
Action Company Name & Domicile AMB# Rating
Life/Health
Concord Heritage Life Insurance Co Inc 06259 B++ (u)
US: New Hampshire
Family Life Insurance Company 06360 B (u)
US: Texas
Mayflower National Life Insurance Co 07305 B (u)
US: Indiana
Property/Casualty
Beacon Insurance Group 04061 B- (u)
US: Texas
Beacon Lloyds Insurance Company 12542 B- (u)
US: Texas
Beacon National Insurance Company 00207 B- (u)
US: Texas
Drive New Jersey Insurance Company 01891 B++ (u)
US: New Jersey
First Preferred Insurance Company 04052 B- (u)
US: Texas
Mountain Valley Indemnity Company 11754 B++ (u)
US: New Hampshire
North East Insurance Company 03108 B++ (u)
US: Maine
Petrolia Insurance Company 02573 B- (u)
US: Texas
Praetorian Financial Group 18681 A- (u)
US: Delaware
Praetorian Insurance Company 02643 A- (u)
US: Illinois
Preserver Insurance Company 11352 B++ (u)
US: New Jersey
Preserver Insurance Group 18509 B++ (u)
US: New Jersey
QBE Insurance Corporation 02739 A (u)
US: Pennsylvania
QBRE RE Group-US 18222 A (u)
US: New York
QBE Reinsurance Corporation 04069 A (u)
US: Pennsylvania
QBE Specialty Insurance Company 12562 A (u)
US: North Dakota
Redland Insurance Company 12413 A- (u)
US: New Jersey
School Boards Insurance Co of PA. Inc. 13136 A- (u)
US: Pennsylvania
State-Wide Insurance Company 00869 A- (u)
US: New York
International
Mapfre Asistencia Compania Internacial 87127 A+ (u)
Spain
Mapfre Asistencia Campania Internacional 87130 A+ (u)
Spain
Mapfre Mutualidad de Seguros y Re (Cons) 86157 A+ (u)
Spain
MAPFRE RE, Cia de Reaseguros SA--Consol 86278 A+ (u)
Spain
MAPFRE RE, Campania de Reaseguros, S.A. 86277 A+ (u)
Spain
Societa Cattolica di Assicurazione 86351 A (u)
Italy
Rating Previous
Action Company Name & Domicile Rating
Life/Health
Concord Heritage Life Insurance Co Inc B++
US: New Hampshire
Family Life Insurance Company B
US: Texas
Mayflower National Life Insurance Co B
US: Indiana
Property/Casualty
Beacon Insurance Group B-
US: Texas
Beacon Lloyds Insurance Company B-
US: Texas
Beacon National Insurance Company B-
US: Texas
Drive New Jersey Insurance Company B++
US: New Jersey
First Preferred Insurance Company B-
US: Texas
Mountain Valley Indemnity Company B++
US: New Hampshire
North East Insurance Company B++
US: Maine
Petrolia Insurance Company B-
US: Texas
Praetorian Financial Group A-
US: Delaware
Praetorian Insurance Company A-
US: Illinois
Preserver Insurance Company B++
US: New Jersey
Preserver Insurance Group B++
US: New Jersey
QBE Insurance Corporation A
US: Pennsylvania
QBRE RE Group-US A
US: New York
QBE Reinsurance Corporation A
US: Pennsylvania
QBE Specialty Insurance Company A
US: North Dakota
Redland Insurance Company A-
US: New Jersey
School Boards Insurance Co of PA. Inc. A-
US: Pennsylvania
State-Wide Insurance Company A-
US: New York
International
Mapfre Asistencia Compania Internacial A+
Spain
Mapfre Asistencia Campania Internacional A+
Spain
Mapfre Mutualidad de Seguros y Re (Cons) A+
Spain
MAPFRE RE, Cia de Reaseguros SA--Consol A+
Spain
MAPFRE RE, Campania de Reaseguros, S.A. A+
Spain
Societa Cattolica di Assicurazione A
Italy
Rating Action: (+) or (-) Rating upgraded or downgraded; (New)
Assigned initial rating; (u) Rating under review
GUIDE TO BEST'S FINANCIAL STRENGTH RATINGS
A Best's Financial Strength Rating is an independent opinion
based on a comprehensive quantitative and qualitative evaluation
of a company's balance sheet strength, operating performance
and business profile. Best's Financial Strength Ratings are not a
warranty of a company's financial strength and ability to meet its
ongoing obligations to policyholders.
Financial Strength Ratings
A Best's Financial Strength Rating (FSR) is an opinion as to an
insurer's financial strength and ability to meet its ongoing
obligations to policyholders.
Rating Descriptor
Secure
A++, A+ Superior
A, A- Excellent
B++, B+ Good
Vulnerable
B, B- Fair
C++, C+ Marginal
C, C- Weak
D Poor
E Under Regulatory Supervision
F In Liquidation
S Suspended
Rating Modifiers Affiliation Codes
"u" Under Review "g" Group
"pd" Public Data "p" Pooled
"s" Syndicate "r" Reinsured
Not Rated Categories (NR)
NR-1 Insufficient Data
NR-2 Insufficient Size and/or Operating Experience
NR-3 Rating Procedure Inapplicable
NR-4 Company Request
NR-5 Not Formally Followed
Best's Financial Strength Ratings are distributed via press release
and/or the A.M. Best Web site at www.ambest.com, and are published in
the Rating Monitor section of BestWeek[R]. Best's Financial Strength
Ratings are proprietary and may not be reproduced with-out permission.
Copyright [c] 2007 by A.M. Best Company, Inc.
Version 010207
For more information about A.M. Best Ratings visit
www.ambest.com/ratings/about.asp
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