Best's Rating Changes. (Ratings).This summary 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 includes U.S.-domiciled
life, health-care and property/casualty insurers as well as
international insurers that had ratings assigned, changed or placed
under review since this section last appeared in the March 2002 edition
of Best's Review.Best's Rating Changes is an abbreviated version of Best's Rating Monitor, which is published in BestWeek, our weekly insurance industry newsletter. See page 20 for the Current Guide to Best's Ratings or visit the A.M. Best Co. Web site at www.ambest.com/ratings/access.html for detailed rating definitions. The A.M. Best rating of any company and basic company information are also available free of charge at the Web site.
Ratings Changed
Life
Rating Current
Action Company Name & Domicile AMB# Rating
+ American Independent Netwk 60292 B-
Ins Co of NY
US: New York
+ American Modern Life 06680 A-
Insurance Company
US: Ohio
+ American Network Insurance 07362 B-
Company
US: Pennsylvania
Bankers American Life 60041 NR-5
Assurance Company
US: New York
+ Modern Life Insurance 08859 A-
Company of AZ, Inc.
US: Arizona
- United Heartland Life 60054 B+
Insurance Company
US: Wisconsin
Western Life Assurance 66848 NR-5
Company
Canada: Ontario
Rating Previous
Action Company Name & Domicile Rating
+ American Independent Netwk Cu
Ins Co of NY
US: New York
+ American Modern Life B++
Insurance Company
US: Ohio
+ American Network Insurance C u
Company
US: Pennsylvania
Bankers American Life A
Assurance Company
US: New York
+ Modern Life Insurance B++
Company of AZ, Inc.
US: Arizona
- United Heartland Life B++ u
Insurance Company
US: Wisconsin
Western Life Assurance B q
Company
Canada: Ontario
Health Care
Rating Current
Action Company Name & Domicile AMB# Rating
- Blue Cross & BS United of WI 64315 B+
US: Wisconsin
New Community Health Plan 64182 B
S: Missouri
- Compcare Health Services 68610 B+
Ins Corp
US: Wisconsin
Health Net Life Insurance 07039 NR-5
Company
US: California
+ Penn Treaty Network 06385 B-
America Insurance Co
US: Pennsylvania
- Unity Health Plans 68781 B+
Insurance Corporation
US: Wisconsin
- Valley Health Plan, Inc 68825 B+
US: Wisconsin
Rating Previous
Action Company Name & Domicile Rating
- Blue Cross & BS United of WI B++ u
US: Wisconsin
New Community Health Plan C+ q
S: Missouri
- Compcare Health Services B++ u
Ins Corp
US: Wisconsin
Health Net Life Insurance A-
Company
US: California
+ Penn Treaty Network C u
America Insurance Co
US: Pennsylvania
- Unity Health Plans B++ u
Insurance Corporation
US: Wisconsin
- Valley Health Plan, Inc B++ u
US: Wisconsin
Property/Casualty
Rating Current
Action Company Name & Domicile AMB# Rating
New Allstate North American 12482 A+
Insurance Co
US: Illinois
- American Compensation 11419 B-
Insurance Company
US: Minnesota
- American Healthcare 11856 B++ u
Indemnity Company
US: Delaware
- American Healthcare 11855 B++ u
Specialty Ins Co
US: Arkansas
+ ARAG Insurance Company 10790 A
US: Iowa
+ Architects and Engrs Ins 10752 B++
Co, Inc, A RRG
US: Delaware
+ Associated International 04898 A
Insurance Co
US: California
New AXA Corporate Solutions 12315 A+
Lloyds Ins Co TX
US: Texas
Centurion Insurance Company 00155 NR-5
US: New York
Connecticut Surety Company 10754 E
US: Connecticut
Credit General Indemnity 11341 NR-5
Company
US: Ohio
Credit General Insurance 03180 NR-5
Company
US: Ohio
+ Deerfield Insurance Company 04826 A
US: Illinois
+ Elevators Mutual Insurance 04811 A-
Company
US: Ohio
- Lawrenceville P & C Co, Inc 11865 B- u
US: Virginia
- Legion Indemnity Company 11860 B
US: Illinois
- Legion Insurance Company 02352 B
US: Pennsylvania
- Legion Insurance Group 18366 B
US: Pennsylvania
Marine Indemnity Insurance 00500 NR-3
Co of America
US: New York
+ Mid-Plains Insurance Company 10610 A-
US: Iowa
- MIX Group 18349 B- u
US: New Jersey
- MIIX Insurance Company 03737 B- u
US: New Jersey
- MIIX Insurance Company of 12234 B- u
New York
US: New York
+ National American Insurance 00672 B++
Company (OK)
US: Oklahoma
+ National Insurance 03672 A
Association
US: Indiana
- Oak Casualty Insurance Company 10626 C+
US: Illinois
- Pennsylvania Casualty Company 12217 F
US: Pennsylvania
- Petrosurance Casualty Company 03662 E
US: Oklahoma
- PHICO Insurance Company 03679 F
US: Pennsylvania
+ Professionals Direct Insurance Company 00184 A-
US: Michigan
- Royal Surplus Lines Insurance Company 01745 A
US: Connecticut
New Safety National Group 18564 A
US: Missouri
- SCPIE Companies 18350 B++ u
US: California
- SCPIE Indemnity Company 11800 B++ u
US: California
St Paul Insurance Company 03130 NR-5
US: Texas
- United Wisconsin Insurance Company 01932 B+
US: Wisconsin
- Villanova Insurance Company 12110 B
US: Pennsylvania
Washington Casualty Company 11243 NR-4
US: Washington
New Western Specialty Insurance Company 10630 B
US: Illinois
+ Wisconsin Lawyers Mutual Insurance Co 02192 A
US: Wisconsin
Rating Previous
Action Company Name & Domicile Rating
New Allstate North American
Insurance Co
US: Illinois
- American Compensation B+
Insurance Company
US: Minnesota
- American Healthcare A
Indemnity Company
US: Delaware
- American Healthcare A
Specialty Ins Co
US: Arkansas
+ ARAG Insurance Company A-
US: Iowa
+ Architects and Engrs Ins B+
Co, Inc, A RRG
US: Delaware
+ Associated International A- u
Insurance Co
US: California
New AXA Corporate Solutions
Lloyds Ins Co TX
US: Texas
Centurion Insurance Company D
US: New York
Connecticut Surety Company NR-2
US: Connecticut
Credit General Indemnity F
Company
US: Ohio
Credit General Insurance F
Company
US: Ohio
+ Deerfield Insurance Company A- u
US: Illinois
+ Elevators Mutual Insurance B++
Company
US: Ohio
- Lawrenceville P & C Co, Inc A- u
US: Virginia
- Legion Indemnity Company A- u
US: Illinois
- Legion Insurance Company A- u
US: Pennsylvania
- Legion Insurance Group A- u
US: Pennsylvania
Marine Indemnity Insurance A+
Co of America
US: New York
+ Mid-Plains Insurance Company B++
US: Iowa
- MIX Group A- u
US: New Jersey
- MIIX Insurance Company A- u
US: New Jersey
- MIIX Insurance Company of A- u
New York
US: New York
+ National American Insurance B+
Company (OK)
US: Oklahoma
+ National Insurance B+
Association
US: Indiana
- Oak Casualty Insurance Company B-
US: Illinois
- Pennsylvania Casualty Company E
US: Pennsylvania
- Petrosurance Casualty Company C
US: Oklahoma
- PHICO Insurance Company E
US: Pennsylvania
+ Professionals Direct Insurance Company B++
US: Michigan
- Royal Surplus Lines Insurance Company A+
US: Connecticut
New Safety National Group
US: Missouri
- SCPIE Companies A
US: California
- SCPIE Indemnity Company A
US: California
St Paul Insurance Company A+
US: Texas
- United Wisconsin Insurance Company B++ u
US: Wisconsin
- Villanova Insurance Company A- u
US: Pennsylvania
Washington Casualty Company B++
US: Washington
New Western Specialty Insurance Company FPR4
US: Illinois
+ Wisconsin Lawyers Mutual Insurance Co A-
US: Wisconsin
International
Rating Current
Action Company Name & Domicile AMB# Rating
Abbey Life Assurance Company Limited 85646 NR-5
United Kingdom
Abbey National Life plc 87204 B++ pd
United Kingdom
Adia Reinsurance Company (U.K.) Ltd 87401 NR-5
United Kingdom
Ambac Assurance UK Limited 87216 NR-3
United Kingdom
Atlas Assurance Company Limited 85547 B+ pd
United Kingdom
AXA (Cardiff) Limited 86162 NR-5
United Kingdom
Barclays Life Assurance Company Limited 87229 NR-5
United Kingdom
New BF&M General Insurance Company Ltd 84739 A-
Bermuda
New BF&M Life Insurance Company Limited 84740 A-
Bermuda
British Equitable Assurance Company Ltd 87258 NR-3
United Kingdom
Clerical Medical Managed Funds Limited 87281 B++ pd
United Kingdom
Electrical Contractors Insurance Co Ltd 87327 NR-5
United Kingdom
Equitable Life Assurance Society 85508 NR-5
United Kingdom
Financial Assurance Co Ltd 85832 B- pd
United Kingdom
Friends Ivory & Sime Managed Pension Fnd 87436 A- pd
United Kingdom
Friends Provident Pensions Limited 87442 NR-5
United Kingdom
Guardian Eastern Insurance Co Ltd 87375 B+ pd
United Kingdom
Guardian Royal Exchange plc (CL) 85962 NR-5
United Kingdom
Guardian Royal Exchange plc (Cons. NL) 86207 NR-5
United Kingdom
Halifax Life Limited 87377 B++ pd
United Kingdom
Hamilton Insurance Company Limited 86142 B++ pd
United Kingdom
Homecare Insurance Limited 87391 NR-5
United Kingdom
- I.P.C. Group 85317 B+
Bermuda
Mitsui Sumitomo Ins Co (Europe), Ltd. 85365 B+ pd
United Kingdom
Morley Pooled Pensions Limited 87494 NR-5
United Kingdom
- Mutual Indemnity (Barbados) Ltd 85819 B+
Barbados
- Mutual Indemnity (Bermuda) Ltd 86288 B+
Bermuda
- Mutual Indemnity (Dublin) Ltd 86077 B+
Ireland
- Mutual Indemnity (U.S.) Ltd 85846 B+
Bermuda
- Mutual Indemnity Ltd 85845 B+
Bermuda
Orion Personal Insurances Limited 86501 B+ pd
United Kingdom
Phoenix Assurance plc 86154 B++ pd
United Kingdom
Prudential Annuities Limited 87543 B++ pd
United Kingdom
Prudential Assurance Company Ltd 85642 A pd
United Kingdom
Prudential Pensions Limited 87546 A- pd
United Kingdom
RAC Insurance Limited 87548 NR-5
United Kingdom
Royal & Sun Alliance Life & Pension Ltd 87561 B+ pd
United Kingdom
Royal & Sun Alliance Linked Insurances 87560 B++ pd
United Kingdom
Royal Exchange Assurance 85549 B+ pd
United Kingdom
- Scandinavian Reinsurance Company Limited 85598 B++ u
Bermuda
Schroder Hermes Limited 87386 B pd
United Kingdom
Scottish Amicable Life plc 84362 A- pd
United kingdom
Skandia Life Assurance 85619 A- pd
Company Limited
United Kingdom
St Andrews Insurance plc 87601 A- pd
United Kingdom
State Assurance 84834 B+ pd
Company Limited
United Kingdom
Sun Alliance & London 85134 B pd
Assurance Co Ltd
United Kingdom
Swiss Life (UK) Plc 87619 B++ pd
United Kingdom
Tanker Insurance 87624 NR- 5
Company Limited
United Kingdom
-- Terra Nova Insurance 85173 B++
Company Limited
United Kingdom
Tobacco Insurance 87633 NR-5
Company Limited
United Kingdom
Tokio Marine & Fire 85366 B+ pd
Ins Co (UK) Ltd
United Kingdom
Yasuda Kasai Insurance 86495 B+ pd
Co of Europe Ltd
United Kingdom
Rating Previous
Action Company Name & Domicile Rating
Abbey Life Assurance Company Limited B+ q
United Kingdom
Abbey National Life plc B++ q
United Kingdom
Adia Reinsurance Company (U.K.) Ltd B q
United Kingdom
Ambac Assurance UK Limited B+ q
United Kingdom
Atlas Assurance Company Limited NR-5
United Kingdom
AXA (Cardiff) Limited B+ pd
United Kingdom
Barclays Life Assurance Company Limited B++ q
United Kingdom
New BF&M General Insurance Company Ltd
Bermuda
New BF&M Life Insurance Company Limited
Bermuda
British Equitable Assurance Company Ltd B+ q
United Kingdom
Clerical Medical Managed Funds Limited B++ q
United Kingdom
Electrical Contractors Insurance Co Ltd B++ q
United Kingdom
Equitable Life Assurance Society B q
United Kingdom
Financial Assurance Co Ltd B+ q
United Kingdom
Friends Ivory & Sime Managed Pension Fnd A- q
United Kingdom
Friends Provident Pensions Limited B++ q
United Kingdom
Guardian Eastern Insurance Co Ltd
United Kingdom
Guardian Royal Exchange plc (CL) A
United Kingdom
Guardian Royal Exchange plc (Cons. NL) A
United Kingdom
Halifax Life Limited A- q
United Kingdom
Hamilton Insurance Company Limited B++ q
United Kingdom
Homecare Insurance Limited B+ q
United Kingdom
- I.P.C. Group A-
Bermuda
Mitsui Sumitomo Ins Co (Europe), Ltd. B+ q
United Kingdom
Morley Pooled Pensions Limited A- q
United Kingdom
- Mutual Indemnity (Barbados) Ltd A-
Barbados
- Mutual Indemnity (Bermuda) Ltd A-
Bermuda
- Mutual Indemnity (Dublin) Ltd A-
Ireland
- Mutual Indemnity (U.S.) Ltd A-
Bermuda
- Mutual Indemnity Ltd A-
Bermuda
Orion Personal Insurances Limited A
United Kingdom
Phoenix Assurance plc NR-5
United Kingdom
Prudential Annuities Limited B++ q
United Kingdom
Prudential Assurance Company Ltd A q
United Kingdom
Prudential Pensions Limited A- q
United Kingdom
RAC Insurance Limited B++ q
United Kingdom
Royal & Sun Alliance Life & Pension Ltd A- q
United Kingdom
Royal & Sun Alliance Linked Insurances B++ q
United Kingdom
Royal Exchange Assurance NR-5
United Kingdom
- Scandinavian Reinsurance Company Limited A+
Bermuda
Schroder Hermes Limited B+ q
United Kingdom
Scottish Amicable Life plc A- q
United kingdom
Skandia Life Assurance A-q
Company Limited
United Kingdom
St Andrews Insurance plc B++ q
United Kingdom
State Assurance
Company Limited
United Kingdom
Sun Alliance & London B++ q
Assurance Co Ltd
United Kingdom
Swiss Life (UK) Plc B++ q
United Kingdom
Tanker Insurance B++ q
Company Limited
United Kingdom
-- Terra Nova Insurance A- u
Company Limited
United Kingdom
Tobacco Insurance B++ q
Company Limited
United Kingdom
Tokio Marine & Fire B++ q
Ins Co (UK) Ltd
United Kingdom
Yasuda Kasai Insurance B+ q
Co of Europe Ltd
United Kingdom
Ratings Under Review
Life
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
u Annuity & Life Reassurance 06281 A u A
America, Inc
US: Connecticut
u Standard Life Insurance 07073 B++ u B++
Company of IN
US: Indiana
Property/Casualty
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
u Overseas Partners US 55027 A u A
Reinsurance Company
US: Delaware
u Sirius America 03758 A+ u A+
Insurance Company
US: Delaware
International
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
u Annuity and Life 86698 A u A
Reassurance, Ltd
Bermuda
u Overseas Partners 55024 A u A
Assurance Ltd
Bermuda
u Overseas Partners 55023 A u A
Cat Limited
Bermuda
u Overseas Partners Ltd 86669 A u A
Bermuda
u Overseas Partners 86934 A u A
Re Ltd
Bermuda
u Sirius International 86396 A+ u A+
Ins Corp (publ)
Sweden
u Sirius International 87839 A+ u A+
Insurance Corp Grp
Sweden
Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned
initial rating; (u) Rating placed under review
CURRENT GUIDE TO BEST'S RATINGS For a complete explanation of Best's Ratings, please refer to the Preface of Best's Insurance Reports(R) or Best's Key Rating Guide(R). Best's Ratings reflect our independent opinion, but are not a warranty of a company's financial strength and ability to meet its obligations to policyholders. * For the latest Best's Ratings and Best's Company Reports (which include Best's Ratings) visit the A.M. Best Web site at www.ambest.com. You may also obtain Best's Company Reports by calling our Customer Service Department at (908) 439-2200, Ext. 5742. To expedite your request, please provide the company's identification number (AMB #). * All rating actions are published in the Rating Monitor section of BestWeek(R). Selected rating changes and new ratings are published in Best's Review(R) (our monthly magazine). BEST'S RATINGS AND FINANCIAL PERFORMANCE RATINGS (FPR) A.M. Best assigns to insurance related organizations one of two types of rating opinions, a Best's Rating (A++ to F) or a Financial Performance Rating (9 to 1). The Best's Rating represents an opinion based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile. The FPR represents an opinion based primarily on a quantitative evaluation of a company's balance sheet strength and operating performance for companies that do not meet the minimum size and/or operating experience requirements for a Best's Rating. Secure Best's Ratings A++ and A+ Superior A and A- Excellent B++ and B+ Very Good Vulnerable Best's Ratings B and B- Fair C++ and C+ Marginal C and C- Weak D Poor E Under Regulatory Supervision F In Liquidation S Rating Suspended Secure FPR Ratings FPR 9 Very Strong FPR 8 and 7 Strong FPR 6 and 5 Good Vulnerable FPR Ratings FPR 4 Fair FPR 3 Marginal FPR 2 Weak FPR 1 Poor RATING MODIFIERS Under Review (u) Rating Modifiers are assigned to Best's Ratings and Financial Performance Ratings to identify companies whose rating opinions are Under Review and may be subject to near-term change. Qualified (q) Rating Modifiers may be assigned to Health Maintenance Organizations (HMOs) and Canadian insurers that do not subscribe to our interactive rating process. Best's Qualified Ratings are therefore based primarily on a quantitative analysis of a company's balance sheet strength and operating performance. Best's Public Data (pd) Rating Modifiers may be assigned to UK and other European insurers that do not subscribe to our interactive rating process. Best's Public Data Ratings reflect both qualitative and quantitative analysis using publicly available data and other public information. Syndicate (s) Rating Modifiers are assigned to syndicates operating at Lloyd's. Rating Modifiers u Under Review q Qualified s Syndicate pd Public Data NOT RATED CATEGORIES (NR) Companies not assigned a Best's Rating or FPR are assigned to one of five NR categories which identifies the primary reason a rating opinion was not assigned to the company. For additional information, refer to the Preface. 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 FINANCIAL SIZE CATEGORIES (FSC) Assigned to all insurance companies and reflects their size based on their capital, surplus and conditional reserve funds. For information, refer to the Preface. Best's Ratings are proprietary and may not be reproduced without permission. |
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