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Best's Rating Changes. (Ratings).

This summary of Best's Rating 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.
COPYRIGHT 2002 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 1, 2002
Words:2657
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