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 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 February February: 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 19 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 Previous
Action Company Name & Domicile AMB# Rating Rating
AEGIS Insurance Corporation 66832 NR-3 B+ q
Canada: Saskatchewan
+ Banner Life Insurance Company 06468 A++ A+
US: Maryland
New Chase Life & Annuity Company 06851 A NR-2
US: Ohio
New Chase Life & Annuity Company 60340 A NR-2
of New York
US: New York
Concordia Life Insurance 08361 NR-3 A-
Company
Canada: Ontario
General Life Insurance 60066 NR-5 A+
Co of America
US: Illinois
+ Homesteaders Life Company 06534 B++ B+
US: Iowa
Imperial Life Assurance 06544 NR-3 A-
Company of CA
Canada: Ontario
- Investors Insurance 06583 A A+ u
Corporation
US: Delaware
Lutheran Brotherhood 06673 NR-3 A++
US: Minnesota
- Medico Life Ins Co 07378 B B+
US: Nebraska
Milwaukee Life Insurance 06720 NR-5 B+
Company
US: Wisconsin
- Mutual Protective Ins Co 03150 B B+
US: Nebraska
North West Life Assurance 07277 NR-5 B+
Co of America
US: Washington
- Republic-Vanguard Life 06996 A A+ u
Insurance Company
US: Texas
Royal & Sun Alliance 85669 NR-3 A
Life CA
US: California
- SCOR Life U.S. Re 06555 A A+ u
Insurance Company
US: Texas
United Presidential Life 07184 NR-5 A- u
Insurance Co
US: Indiana
+ William Penn Life 06734 A++ A
Insurance Co of NY
US: New York
Health Care
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
CIGNA Indiana Insurance 60062 NR-5 A-
Company
US: Indiana
Healthsource HMO of New 68936 NR-5 A-
York, Inc
US: New York
Humana HealthChicago, Inc 68537 NR-5 A-
US: Delaware
Humana Insurance Company 06251 NR-5 A-
US: Missouri
New Medical One, Inc 64387 F D q
US: Puerto Rico
Prudential Health Care 68769 NR-5 A-
Plan of NY
US: New York
New Tennessee Coordinated 68942 F C++ q
Care Network
US: Tennessee
- Union Labor Life 07152 B+ B++ u
Insurance Company
US: Maryland
- World Insurance Company 07262 B+ B++
US: Nebraska
Property/Casualty
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
- Allcity Insurance Company 02149 F D
US: New York
- Allianz Insurance 86187 A A++
Company of Canada
Canada: Ontario
- American and Foreign 02430 A A+
Insurance Company
US: Delware
+ American General Property 18516 B+ B
Group
US: Tennessee
+ American General Property 04308 B+ B
Ins Co of FL
US: Florida
+ American General Property 02103 B+ B
Insurance Co
US: Tennessee
+ Apollo Casualty Company 11809 B- C++
US: Illinois
New Association Insurance 01913 A- NR-1
Company
US: Georgia
- Atlantic Indemnity Company 11038 A A+
US: North Carolina
- Atlantic Security Insurance 11330 A A+
Company
US: North Carolina
New Barnstable County Insurance 02896 A NR-3
Company
US: Massachussetts
New Builders Insurance (a 12026 A- NR-1
Mutual Captive Co)
US: Georgia
New Builders Insurance Group 18563 A-
US: Georgia
- Carolina American 02043 A A+
Insurance Company
US: South Carolina
+ Chicago Motor Club 00254 A A-
Insurance Company
US: Illinois
- Commercial Risk Re- 11378 A A+ u
Insurance Company
US: Vermont
New Compania de Fianzas de 11446 B NR-5
Puerto Rico
US: Puerto Rico
- Connecticut Indemnity 02454 A A+
Company
US: Connecticut
- Connecticut Specialty 01916 A A+
Insurance Company
US: Connecticut
New Consumers Insurance 11775 B NR-2
USA, Inc
US: Tennessee
+ Delta Lloyds Ins Co of Houston 04476 A- B++
of TX
US: Texas
- Design Professionals 04467 A A++
Insurance Company
US: Connecticut
- EBI Indemnity Company 01881 A A++
US: Connecticut
- Empire Insurance Company 02150 F D
US: New York
- Empire Insurance Group 18152 F D
US: New York
- Employee Benefits 03625 A A+
Insurance Company
US: Connecticut
- F & C Insurance Company of CT 02455 A A+
US: Connecticut
+ Farmers Insurance Company of 04489 B++ B+
Flemington
US: New Jersey
First Maxifield Mutual 10205 NR-4 A-
Insurance Assn
US: Iowa
+ First Nonprofit Mutual 10856 A- B++
Insurance Company
US: Illinois
- General Secur P & C Co 03129 A A+ u
US: New York
- General Security Indemnity 03845 A A+ u
Company
US: New York
- General Security Insurance 11353 A A+ u
Company
US: New York
Global Insurance Company 10608 NR-5 E
US: Georgia
- Globe Indemnity Company 02432 A A+
US: Delaware
New Grange Insurance Company of 12470 A
Michigan
US: Michigan
- Great States Insurance 10706 F E
Company
US: California
- Guaranty National Insurance 00443 A A+
Company
US: Colorado
- Guaranty National Insurance 11658 A A+
Company
US: Connecticut
- Health Care Insurance Company 03671 NR-5 B++
US: New Jersey
- HIH America Comp & 02917 F E
Liab Ins Co
US: California
- HIH America Ins Co of Hawali 12004 F E
US: Hawaii
+ Integrity Mutual Insurance 00516 A B+
Company
US: Wisconsin
- Landmark American Insurance 03688 A A+
Company
US: Oklahoma
New Lyndon Property Group 18571 A-
US: Minnesota
New NAU Country Insurance Company 11098 B++ NR-2
US: Minnesota
Olympus Insurance Company 11879 NR-4 B++
US: Texas
+ Palisades Group 18426 B++ B+
US: New Jersey
+ Palisades Safety and 11380 B++ B+
Insurance Assn
US: New Jersey
- Peak P & C Ins Corp 11414 A A+
US: Colorado
- Phoenix Assurance Company of 02400 A A+
New York
US: New Hampshire
+ Piedmont Mutual Insurance 11575 B- C++
Company
US: North Carolina
- Prime Insurance Syndicate 11306 C+ B-
Incorporated
US: Illinois
Princeton Insurance Companies 05650 NR-5 B++
US: New Jersey
New Progressive Auto Pro 11758 A+ NR-3
Insurance Company
US: Florida
New Progressive Home 12462 A+
Underwriters Ins Co
US: Texas
- Quebec Assurance Company 85784 A A+
Canada: Ontario
Republic Insurance Company 02421 NR-3 B+
US: Texas
- Royal & Sun Alliance Ins Co 85785 A A+
of Canada
Canada: Ontario
- Royal & Sun Alliance Ins 86191 A A+
Pool of Canada
Canada: Ontario
- Royal & SunAlliance USA 18566 A A+
Insurance Pool
US: North Carolina
- Royal Indemnity Company 02438 A A+
US: Delaware
- Royal Insurance Company 02437 A A+
of America
US: Illinois
- Safeguard Insurance Company 02440 A A+
US: Connecticut
- SCOR Canada Reinsurance 85445 A A+ u
Company
Canada: Ontario
- SCOR Reinsurance Company 03599 A A+ u
US: New York
- SCOR U S Group 03873 A A+ u
US: New York
- See Insurance Company 02094 A A+
of America
US: New York
- Security Insurance Company 02457 A A+
of Hartford
US: Connecticut
+ Specialty Risk Insurance 11088 A+ B+
Company
US: Tennessee
- State Farm General Insurance 02478 B+ A-
Company
US: Illinois
- Statewide Insurance Company 02589 B- A-
US: Illinois
- Trafalgar Insurance Company 86189 A A++
of Canada
Canada: Ontario
- Unifund Assurance Company 86836 A A+
Canada: Newfoundland
- Unisouce Insurance Company 11102 F E
US: Florida
- Unisun Insurance Company 02042 A A+
US: South Carolina
+ United States Surety Company 12009 B++ B+
US: Maryland
- Viking Insurance Company 04410 A A+
of Wisconsin
US: Colorado
- Warner Insurance Company 02028 B++ Au
US: Illinois
- Western Assurance Company 85958 A A+
Canada: Ontario
International
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
AXA General Insurance Limited 85550 B+ pd NR-5
United Kingdom
AXA Insurance UK plc 86845 B+ pd NR-5
United Kingdom
Bankers Insurance Company 87227 B- pd B- q
Limited
United Kingdom
British Aviation Ins Co Ltd 86166 B pd B+ q
United Kingdom
Budget Insurance Company 87261 NR-5 B q
Limited
United Kingdom
CGNU Life Assurance Limited 85266 A-pd A- q
United Kingdom
Churchill Insurance Company 87274 B++ pd B++ q
Limited
United Kingdom
-- Commercial Risk Reinsurance 86514 A A+ u
Company Ltd
Bermuda
New Credit & General Insurance 86476 A FPR 7
Limited
New Zealand
Cumberland Insurance Company 87308 B++ pd B+ q
Limited
United Kingdom
DBI Insurance Company Limited 87311 B pd B+ q
United Kingdom
Dowa Insurance Company 87321 NR-5 B++ q
(Europe) Limited
United Kingdom
New Electro Re SA 56699 A-
Luxembourg
New Endurance Specialty Insurance 84835 A-
Ltd
Bermuda
Europ Assistance Insurance 87338 B+ pd B++ q
Limited
United Kingdom
Financial Insurance Company 85812 B++ pd B++ q
Limited
United Kingdom
Folksam International Ins 85034 NR-5 A- u
Co Ltd
Sweden
Folksam International Ins 86962 NR-5 A- u
Co Ltd SGB
Singapore
Friends' Provident Life Office 85574 NR-5 A- q
United Kingdom
-- Globe Insurance Company 87366 A A+
Limited
United Kingdom
New GoshawK Reinsurance Limited 84802 A-
Bermuda
New Grand Central Re Limited 84186 A
Bermuda
Guardian Insurance Group 86091 B+ pd A
United Kingdom
New Hang Seng Life Limited 84723 A+
Hong Kong
New HSBC Life (International) 72362 A+
Limited
Bermuda
New HSBC Medical Insurance Limited 84721 A+
Hong Kong
International Casualty & 86523 F S
Surety Co Ltd
New Zealand
Kyoei Fire and Marine Ins Co 87414 NR-5 B+ q
(UK) Ltd
United Kingdom
New Legal & General Life Asr 84837 A++
Long-Term Fund
United Kingdom
-- London Assurance 85106 A A+
United Kingdom
-- London Assurance JPB 87814 A A+
Japan
London General Insurance 87438 B pd NR-5
Company Ltd
United Kingdom
Methodist Insurance PLC 87458 NR-5 B+ q
United Kingdom
Nippon Fire & Marine 85388 NR-5 A+
Insurance Co Ltd
Japan
Nipponkoa Insurance Company 87412 NR-5 B++ q
(Europe) Ltd
United Kingtom
Norwich Union Annuity Limited 87492 B++ pd A- q
United Kingdom
Norwich Union Life & Pensions 86137 A- pd A- q
Ltd
United Kingdom
Norwich Union Linked Life 85265 B++ pd A- q
Assurance Ltd
United Kingdom
Personal Assurance plc 87517 NR-5 B++ q
United Kingdom
Pharmacy Mutual Insurance 87520 NR-5 B++ q
Company Ltd
United Kingdom
Pinnacle Insurance plc 87523 B++ pd B++ q
United Kingdom
-- Royal & Sun Alliance 85662 A A+
Insurance Group plc
United Kingdom
-- Royal & Sun Alliance 86257 A A+
Insurance plc
United Kingdom
-- Royal & Sun Alliance 87815 A A+
Insurance plc JPB
Japan
-- Royal & Sun Alliance 85187 A A+
Reinsurane Limited
United Kingdom
Samsung Insurance Company of 87572 NR-5 B++ q
Europe Ltd
United Kingtom
-- SCOR 85027 A A+ u
France
-- SCOR Asia-Pacific Pte Ltd 86117 A A+ u
Singapore
-- SCOR Deutschland 85312 A A+ u
Germany
-- SCOR Group 86155 A A+ u
France
-- SCOR Italia Riassicurazioni 85232 A A+ u
Italy
-- SCOR UK Compnay Ltd 85448 A A+ u
United Kingdom
Sorema (Consolidated) 86601 NR-3 A u
France
Sorema S.A. 85621 NR-3 A u
France
-- Sun Alliance and London 86222 A A+
Insurance plc
United Kingdom
-- Sun Insurance Office Limited 85108 A A+
United Kingdom
New Wing Lung Insurance Company 84822 A-
Limited
Hong Kong
Ratings Under Review
Life
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
Life
U American Skandia Life 08715 A u A
Assurance Corp
US: Connecticut
Health Care
U Methodist Care, Inc 64240 B++ u B++
US: Texas
Property/Casualty
U Harleysville-Garden State 11244 A- u A-
Insurance Co
US: New Jesey
U Underwriters Insurance 11671 A++ u A++
Company
US: Nebraska
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 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 Week (R). Selected rating changes and new ratings are published in Best's Review (R) (our monthly magazine). BEST'S RATINGS AND FINANCIAL PERFORMANCE RATINGS See benchmark. (FPR FPR Ford Performance Racing FPR Front Patriotique Rwandais (Rwanda Patriotic Front) FPR Floating-Point Register (CPU architecture) FPR Fuel Pressure Regulator (automotive) ) A.M. Best assigns Individuals to whom property is, will, or may be transferred by conveyance, will, Descent and Distribution, or statute; assignees. The term assigns is often found in deeds; for example, "heirs, administrators, and assigns to denote the assignable nature of 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 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. 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 and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. 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 near-term adj. Of, for, or involving a short period of time in the near future. change. Qualified (q) Rating Modifiers may be assigned to Health Maintenance Organizations (HMOs) and 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 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"; our interactive rating process. Best's Qualified Ratings are therefore based primarily on a quantitative analysis Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: 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 European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. 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 Syndicate organized crime unit throughout major cities of the United States. [Am. Hist.: NCE, 2018] See : Gangsterism (s) Rating Modifiers are assigned to syndicates operating at Lloyd's Lloyd's, London insurance underwriting corporation of many separate syndicates; often called Lloyd's of London. Founded in the late 17th cent. by a group of merchants, shipowners, and insurance brokers at the coffeehouse of Edward Lloyd, the association is now
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 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. |
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