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 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. life, and property/casualty insurers as well as international insurers that had ratings 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. , changed or placed under review since this section last appeared in the November November: see month. 2002 edition of Best's Review. Best's Rating Changes is an abbreviated version of Best's Rating Monitor, which is published in Best Week, our weekly insurance industry newsletter. See page 21 for the Current Guide to Best's Ratings or visit theA.M.Best Co.Web site at wwwambest.com/ratings/access.btml 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
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
Life
- Allmerica Financial Life Ins & Ann Co 08491 C++ u B+ u
US: Delaware
- American Founders Life Insurance 06057 B B+
Company
US: Texas
+ Chesapeake Life Insurance Company 06215 A- B++
US: Oklahoma
+ Companion Life Insurance Company 08064 A+ A
US: South Carolina
- Employers Reassurance Corporation 06976 A+ A++
US: Kansas
- ERC Life Reinsurance Corporation 08928 A+ A++
US: Missouri
- First Allmerica Financial Life Ins Co 07086 C++ u B+ u
US: Massachusetts
- Gerling Global Life Insurance Company 06460 B++ u A- u
Canada: Ontario
- Gerling Global Life 60212 B++ u A- u
Reinsurance Company
US: California
- MTL Insurance Company 06756 A- A
US: Illinois
- Oxford Life Insurance Company 07890 B u B++
US: Arizona
- Presidential Life Insurance Company 06948 B++ A-
US: New York
- Sage Life Assurance of America Inc 09059 A- u Au
US: Delaware
- Shenandoah Life Insurance Company 07044 A- A
US: Virginia
- States General Life Insurance Company 07090 B- B
US: Texas
Health Care
New AmeriChoice of New Jersey Inc 64214 A- B pd
US: New Jersey
New AmeriChoice of New York 64290 A- NR-5
US: New York
New AmeriChoice of Pennsylvania Inc 64159 A- B pd
US: Pennsylvania
+ Blue Cross&Blue Shield of 01727 A+ A
South Carolina
US: South Carolina
- Christian Fidelity Life Insurance Co 06217 Bu B++
US: Texas
+ Companion HealthCare Corporation 68593 A+ A
US: South Carolina
Delta Dental Plan of Michigan 68575 B+ pd NR-5
US: Michigan
Delta Dental Plan of Missouri 65732 B++ pd NR-5
US: Missouri
Delta Dental Plan of New Jersey Inc 60194 A pd NR-5
US: New Jersey
New Health Plan of the Redwoods 68991 F C++ pd
US: California
- Life and Health Insurance 08070 C++ B-
Co of America
US: Pennsylvania
- Lifeguard Life Insurance Company 08629 E C+
US: California
- North American Insurance Company 60015 B u B+
US: Wisconsin
Preferred Health Systems 68657 NR-3 A
Incorporated
US: South Carolina
New Renaissance Health Plan 64200 E C- pd
US: Ohio
New Scott & White Health Plan 60161 A- B pd
US: Texas
- Universal Care 68894 B- B+
US: California
- Washington Dental Service 64410 A- A
US: Washington
Property/Casualty
- Alistar Insurance Company 11785 F E
US: California
- Allmerica Financial Alliance Ins Co 11746 B++ u A- u
US: New Hampshire
- Allmerica Financial Benefit 11212 B++ u A- u
Insurance Co
US: Michigan
- Allmerica Fin'l Property & 04861 B++ u A- u
Casualty Cos
US: Massachusetts
- American Healthcare Indemnity Company 11856 B+ B++ u
US: Delaware
- American Healthcare Specialty Ins Co 11855 B+ B++ u
US: Arkansas
- Anesthesiologists Professional 10887 B++ A-
Assur Co
US: Florida
Canterbury Financial Group 18335 NR-5 A- u
US: Connecticut
Chartwell Insurance Company 02567 B u A- u
US: Connecticut
- Citizens Insurance Company of America 00264 B++ u A- u
US: Michigan
- Citizens Insurance Company of Illinois 12023 B++ u A- u
US: Illinois
- Citizens Insurance Company of MidW 11747 B++ u A- u
US: Indiana
- Citizens Insurance Company of Ohio 11679 B++ u A- u
US: Ohio
- Commercial Mutual Insurance Company 11627 B+ B++ u
US: Georgia
- Cornerstone Mutual Insurance Company 11626 B+ B++ u
US: Georgia
- Covenant Group (GA) 18521 B+ B++ u
US: Georgia
- Crusader Insurance Company 01889 B+ A- u
US: California
- Dakota Specialty Insurance Company 11981 B+ u A- u
US: North Dakota
- Employers Re Corp Group 05967 A+ A++
US: Missouri
- Employers Reinsurance Corporation 00347 A+ A++
US: Missouri
- First Professionals Insurance 03743 B++ A-
Co, Inc.
US: Florida
- Fortune Insurance Company 03530 NR-5 F
US: Florida
- FPIC Insurance Group, Inc. 18457 B++ A-
US: Florida
- GE Global Insurance Group 25025 A+ A++
US: Kansas
- GE Reinsurance Corporation 04124 A+ A++
US: Illinois
- Gerling Global Reinsurance Company 85750 B++ u A- u
Canada: Ontario
- Germania Farm Mutual Insurance Assn 03687 A u A+
US: Texas
- Germania Fire & Casualty Company 02779 A u A+
US: Texas
- Germania Insurance Company 03840 A u A+
US: Texas
- Germania Mutual Group 03876 A u A+
US: Texas
- Hanover American Insurance Company 10784 B++ u A- u
US: New Hampshire
- Hanover Insurance Company 02225 B++ u A- u
US: New Hampshire
- Hanover Lloyds Insurance Company 01734 B++ u A- u
US: Texas
- Heartland Lloyds Insurance Company 11636 C- B+
US: Texas
- Insurance Corporation of New York 03500 B+ u A- u
US: New York
- Interlex Insurance Company 11663 B++ A-
US: Missouri
- Intermed Insurance Company 10406 B++ A-
US: Missouri
+ Ixonia Mutual Insurance Company 10526 A- B++
US: Wisconsin
+ LG Insurance Company, Ltd USB 11037 A- B++
South Korea
- Loyalist Insurance Company 87061 B- pd B pd
Canada: Ontario
+ Lutheran Mutual Fire Insurance 03522 A- B++
Company
US: Illinois
- Massachusetts Bay Insurance Company 02226 B++ u A- u
US: New Hampshire
- Medical Protective Company 00591 A+ A++
US: Indiana
- North American Fire & Casualty Ins Co 11685 B u B+
US: Louisiana
- Oak Casualty Insurance Company 10626 E C+ u
US: Illinois
+ Paratransit Insurance Co a 10704 B++ B+
Mutual RRG
US: Tennessee
Pioneer Insurance Company (OH) 01959 NR-5 A
US: Ohio
New Prism Assurance, Ltd 72318 B++
US: Vermont
- Republic Western Insurance Company 03597 B u B+
US: Arizona
- Republic Western Insurance Group 18443 B u B+
US: Nevada
+ Samsung F & M Insurance Co. Ltd USB 11021 A+ A
South Korea
- SCPIE Companies 18350 B+ B++ u
US: California
- SCPIE Indemnity Company 11800 B+ B++ u
US: California
New Seven Seas Insurance Company, Inc 11517 A- NR-1
US: Florida
New Southern General Indemnity 12547 A-
Insurance Co
US: Dist. Of Columbia
- Southern Group Indemnity, Inc 11104 C++ B-
US: Florida
Southern Heritage Insurance Company 02480 NR-5 A
US: Georgia
- Trenwick America Reinsurance 03747 B+ u A- u
Corporation
US: Connecticut
Trenwick Group 18503 NR-5 A- u
Bermuda
International
New Allied World Assurance Co 83090 A+
(Europe) Ltd
Ireland
- Britannic Assurance plc 87253 B pd B+ pd
United Kingdom
New Compania Internacional de Seguros SA 87142 B++ NR-5
Panama
- Co-operative Insurance Society Ltd 87284 B+ pd B++ pd
United Kingdom
Friends Provident Life & Pensions Ltd 84844 B++ pd NR-5
United Kingdom
- GE Frankona Group 88108 A+ A++
Germany
- GE Frankona Reassurance Limited 86653 A+ A++
United Kingdom
- GE Frankona Reinsurance A/S 85501 A+ A++
Denmark
- GE Frankona Reinsurance Ltd 86655 A+ A++
United Kingdom
- GE Frankona Rueckversicherungs-AG 85311 A+ A++
Germany
- Gerling Global General & Reins Co Ltd 86596 B++ u A- u
United Kingdom
- Gerling Global International Reins Co 86640 B++ u A- u
Barbados
- Gerling Global Life Reassurance 86597 B++ u A- u
Co (UK)
United Kingdom
- Gerling Global Life Reins 86598 B++ u A- u
of Australia
Australia
- Gerling Global Reins Co of 86599 B++ u A- u
Australia Pty
Australia
- Gerling Global Reins Co of 86600 B++ u A- u
South Africa
South Africa
- Gerling Global Sweden 86613 B++ u A- u
Reinsurance Co Ltd
Sweden
- Gerling Global Ruckversicherung AG 86595 B++ u A- u
Switzerland
- Gerling-Konzern Globale 85476 B++ u A- u
Ruckversicherung
Germany
Harrington International 86498 NR-5 A u
Insurance Ltd
Bermuda
New IPCRe Group 83062 A+
Bermuda
- Irish Euopean Reinsurance 86848 A+ A++
Company Ltd
Ireland
- LaSalle Re Limited 86314 B+ u B++ u
Bermuda
+ LG Insurance Co, Ltd 86459 A- B++
South Korea
New Lloyd's Syndicate 102 47762 A s
United Kingdom
New Lloyd's Syndicate 510 47972 A s
United Kingdom
London Life Limited 87440 NR-5 B- pd
United Kingdom
- Luxembourg European 86847 A+ A++
Reinsurance S.A.
Luxembourg
NPI Limited 84152 B+ pd NR-5
United Kingdom
Pearl Assurance plc 85837 NR-5 B pd
United Kingdom
- Royal London Mutual Insurance 87567 B pd B+ pd
Soc Ltd
United Kingdom
+ Samsung Fire & Marine 85850 A+ A
Insurance Co, Ltd
South Korea
Scottish Mutual Assurance Plc 87585 B+ pd NR-5
United Kingdom
Sun Life Assurance Society plc 87615 NR-5 B pd
United Kingdom
- Trenwick International Limited 86512 B+ u A- u
United Kingdom
- Winterthur Life UK Limited 87287 B- pd B+ pd
United Kingdom
Rating Action: (+) or (-) Rating upgraded or or downgraded; (New)
Assigned initial rating; (u) Rating placed under review
Ratings Under Review
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
Life
U Bankers Life Insurance Company 08448 B u B
US: Florida
U Investors Insurance Corporation 06583 A u A
US: Delaware
U Republic-Vanguard Life 06996 A u A
Insurance Company
US: Texas
U SCOR Life U.S. Re Insurance 06555 A u A
Company
US: Texas
Property/Casualty
U Bankers Insurance Company 03683 B u B
US: Florida
U Bankers Insurance Group 18265 B u B
US: Florida
U Bankers Security Insurance 11572 B u B
Company
US: Florida
U Commercial Risk Re-Insurance 11378 A u A
Company
US: Vermont
U First Community Insurance 04496 B u B
Company
US: New York
U General Secur P & C Co 03129 A u A
US: New York
U General Security Indemnity 02837 A u A
Co of Arizona
US: Arizona
U General Security Indemnity 03845 A u A
Company
US: New York
Property/Casualty (continued)
U General Security Insurance 11353 A u A
Company
US: New York
U General Security National 02665 A u A
Insurance Co
US: New York
U Regis Insurance Company 02676 B+ u B+
US: Pennsylvania
U SCOR Canada Reinsurance Company 85445 A u A
Canada: Ontario
U SCOR Reinsurance Company 03599 A u A
US: New York
U SCOR U S Group 03873 A u A
US: New York
International
U Commercial Risk Reinsurance 86514 A u A
Company Ltd
Bermuda
U SCOR 85027 A u A
France
U SCOR DEUTSCHLAND 85312 A u A
Rueckversicherungs
Germany
U SCOR Group 86155 A u A
France
U Scor Italia Riassicurazioni 85232 A u A
S.p.A.
Italy
U SCOR Reinsurance Asia- 86117 A u A
Paccific Pte Ltd
Singapore
U SCOR UK Company Ltd 85448 A u A
United Kingdom
Rating Action: (+) or (-) Rating upgraded or 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 pref·ace n. 1. a. A preliminary statement or essay introducing a book that explains its scope, intention, or background and is usually written by the author. b. An introductory section, as of a speech. 2. 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 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 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 ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. your request, please provide the company's identification number (AMB AMB Ambient AMB Ambassador AMB Amber AMB Ambulance AMB Associação Médica Brasileira (Brazil) AMB Ambulatory AMB Advanced Memory Buffer (FBDIMM control unit on DRAM) #). * All rating actions are published in the Rating Monitor section of Best Weeks. Selected rating changes and new ratings are published in Best's Re vie Review[R] (our monthly magazine),
BEST'S RATINGS
A.M. Best ratings (A++ to F) are assigned to insurance companies that
subscribe to our interactive rating service. 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.
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
RATING MODIFIERS
Under Review (u) Rating Modifiers are assigned to Best's Ratings to
identify companies whose rating opinions are Under Review and may be
subject to near-term change. Best's Public Data (Pd) Rating Modifiers
may be assigned to Health Maintenance Organizations (HMOs), Canadian, 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
s Syndicate
pd Public Data
NOT RATED CATEGORIES (NR)
Companies not assigned a Best's Rating 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 FSC See: Foreign Sales Corporation ) Assigned to all insurance companies and reflects their size based on their capital, surplus and conditional Subject to change; dependent upon or granted based on the occurrence of a future, uncertain event. A conditional payment is the payment of a debt or obligation contingent upon the performance of a certain specified act. reserve funds. For information, refer to the Preface. Best's Ratings are proprietary and may not be reproduced without permission. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion