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 March 2003 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 18 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
Rating Current
Action Company Name & Domicile AMB# Rating
Life
-- Annuity & Life Reassurance 06281 B+ u
America Inc
US: Connecticut
+ Atlantic Southern Insurance 06135 C++
Company
US: Puerto Rico
First Virginia Life 06420 NR-4
Insurance Company
US: Virginia
-- Sears Life Insurance 07170 A
Company
US: Illinois
-- Transamerica Life Canada 66805 A
Canada: Ontario
Health Care
-- Group Health Service of 60112 B++
Oklahoma
US: Oklahoma
-- Member Service Life 08784 B++
Insurance Company
US: Oklahoma
New UPMC Health Benefits Inc 12486 B++
US: Pennsylvania
Property/Casualty
-- Alliance Assurance Company 12466 B++
of America
US: New York
New American Deposit Insurance 04941 A
Company
US: Oklahoma
New American Guaranty Title 11833 A
Company
US: Oklahoma
New American Premier Insurance 10776 A
Company
US: Indiana
Associates Insurance 02061 NR-3
Company
US: Indiana
Associates Insurance Group 00332 NR-5
US: Indiana
Associates Lloyds Insurance 03846 NR-3
Company
US: Texas
New Atlanta Casualty Company 04661 A
US: Ohio
New Atlanta Reserve Insurance 12288 A
Company
US: Ohio
New Atlanta Specialty Insurance 11680 A
Company
US: Ohio
+ Bar Plan Group 18493 A
US: Missouri
+ Bar Plan Mutual Insurance 00144 A
Company
US: Missouri
Chartwell Insurance Company 02567 NR-5
US: Connecticut
-- Commercial Casualty 11059 B u
Insurance Co of NC
US: North Carolina
Commercial Guaranty 02712 NR-3
Insurance Company
US: Delaware
New Coventry Insurance Company 10779 A
US: Ohio
Dakota Specialty Insurance 11981 NR-3
Company
US: North Dakota
-- Delta Insurance Services 18433 B u
Group
US: Georgia
Design Professionals 04467 NR-5
Insurance Company
US: Connecticut
-- Eastern Casualty Group 18541 B++
US: Massachusetts
-- Eastern Casualty Insurance 01961 B++
Company
US: Massachusetts
+ Eastern Mutual Insurance 00316 A-
Company (NY)
US: New York
EBI Indemnity Company 01881 NR-5
US: Connecticut
Employee Benefits 03625 NR-5
Insurance Company
US: Connecticut
Farm Bureau Insurance 00361 NR-5
Company of NE
US: Nebraska
FB Mutual Insurance 02271 NR-5
Co. Inc
US: Kansas
-- Georgia Mutual Insurance 04051 B u
A Stock Company
US: Georgia
Gerling Global 85750 NR-3
Reinsurance Company *
Canada: Ontario
Gerling Global Reinsurance 03074 NR-3
Corp USB *
Germany
New Great American Contemporary 11873 A
Insurance Co
US: Ohio
New Great Texas County Mutual 03572 A
Insurance Co
US: Texas
Independent Truckers 10259 NR-4
Insurance Company
US: Iowa
New Infinity Insurance Company 02217 A
US: Indiana
New Infinity National Insurance 11334 A
Company
US: Indiana
New Infinity Property & Casualty 18584 A
Group
US: Ohio
New Infinity Select Insurance 11252 A
Company
US: Indiana
Insurance Company of the 03657 NR-5
Americas
US: Florida
Insurance Corporation of 03500 NR-3
New York
US: New York
-- JEVCO Insurance Company 86618 A-
Canada: Quebec
Kansas Farm Bureau Group 00356 NR-5
US: Kansas
-- Kingsway General Insurance 86397 A-
Company
Canada: Ontario
New Leader Insurance Company 00555 A
US: Ohio
New Leader Preferred Insurance 11745 A
Company
US: Ohio
New Leader Specialty Insurance 11669 A
Company
US: Indiana
-- Medical Liability Mutual 03667 B++ u
Insurance Co
US: New York
New Mississippi Valley Title 11423 A
Insurance Co
US: Mississippi
-- MLMIC Group 18439 B++ u
US: New York
-- Mutual Fire Ins Co of Carroll Cty 04198 B
US: Maryland
-- National Automotive Insurance 11516 C
Company
US: Louisiana
+ Nichido F & M Insurance Co, 03643 A+
Ltd USB
Japan
-- OHIC Insurance Company 03778 B++ u
US: Ohio
Pennsylvania Casualty Company 12217 NR-5
US: Pennsylvania
PHICO Insurance Company 03679 NR-5
US: Pennsylvania
-- PMA Capital Insurance Company 02707 A-
US: Pennsylvania
-- PMA Capital Insurance Group 18436 A-
US: Pennsylvania
-- Princeton Insurance Company 02873 Bu
02873 B u B+ u
US: New Jersey
-- Professional Liability Ins Co 11411 B++u
of America
US: New York
New Regal Insurance Company 02710 A
US: Indiana
-- Senior Citizens Mutual 10835 B+
Insurance Co
US: Florida
-- State Farm Fire and 02477 A+
Casualty Company
US: Illinois
New TICO Insurance Company 02515 A
US: Ohio
-- Trenwick America Reinsurance 03747 Cu
Corporation US: Connecticut
+ Triangle Insurance Company, Inc 11332 B++
US: Oklahoma
United Agents Insurance 11793 NR-5
Company of LA
US: Louisiana
New Windsor Insurance Company 00843 A
US: Indiana
-- York Fire & Casualty Insurance 86516 A-
Company
Canada: Ontario
International
-- Annuity and Life Reassurance, Ltd 86698 B+u
Bermuda
New Bank of Montreal Insurance 56229 A
(Barbados) Ltd
British United Provident 85572 NR-5
Association Ltd
United Kingdom
BUPA Insurance Limited 84804 B pd
United Kingdom
Deutsche Asset Management 87966 B++ pd
Life & Pension
United Kingdom
GE Life Limited 87603 B+ pd
United Kingdom
Gerling Global General 86596 NR-3
& Reins Co Ltd *
United Kingdom
Gerling Global International 86640 NR-3
Reins Co *
Barbados
Gerling Global Life 86597 NR-3
Reassurance Co (UK) *
United Kingdom
Gerling Global Life 86598 NR-3
Reins of Australia *
Australia
Gerling Global Reins 86599 NR-3
Co of Australia Pty *
Australia
Gerling Global Reins Co 86600 NR-3
of South Africa *
South Africa
Gerling Global Sweden Ltd*86613 NR-3
Reinsurance Co Ltd *
Sweden
Gerling Globale 86595 NR-3
Rueckversicherung AG *
Switzerland
Gerling-Konzern Globale Rueck * 85476 NR-3
Germany
Groupama General Insurance 87434 NR-5
Company Ltd
United Kingdom
Groupama Insurance 85211 NR-3
Company Limited
United Kingdom
Kingsway Reinsurance 84089 A-
Bermuda Ltd
Bermuda
LaSalle Re Limited 86314 NR-3
Bermuda
Legal & General Life Asr 84837 NR-5
Long-Term Fund
United Kingdom
Liverpool Victoria 87516 B-pd
Life Company Ltd
United Kingdom
National Farmers 85315 NR-5
Union Mutual Ins Soc
United Kingdom
National Farmers 85012 B++ pd
Union Mutual Ins Soc
United Kingdom
National Farmers Union 85262 NR-5
Mutual Ins Soc
United Kingdom
New Nichido Fire and 85023 A+
Marine Ins Co Ltd
Japan
Swiss Re tails S.p.A. 85005 NR-3
Italy
Swiss Re Italia SpA. - Consolidated 86340 NR-3
Italy
UBS Global Asset Management Life Ltd 87965 B+ pd
United Kingdom
-- Unum Japan Accident Insurance Co Ltd 86890 A- u
Japan
Rating Previous
Action Company Name & Domicile Rating
Life
-- Annuity & Life Reassurance B++ u
America Inc
US: Connecticut
+ Atlantic Southern Insurance C
Company
US: Puerto Rico
First Virginia Life B+
Insurance Company
US: Virginia
-- Sears Life Insurance A+
Company
US: Illinois
-- Transamerica Life Canada A+ u
Canada: Ontario
Health Care
-- Group Health Service of A-
Oklahoma
US: Oklahoma
-- Member Service Life A-
Insurance Company
US: Oklahoma
New UPMC Health Benefits Inc NR-2
US: Pennsylvania
Property/Casualty
-- Alliance Assurance Company A-
of America
US: New York
New American Deposit Insurance A
Company
US: Oklahoma
New American Guaranty Title
Company
US: Oklahoma
New American Premier Insurance A
Company
US: Indiana
Associates Insurance A+
Company
US: Indiana
Associates Insurance Group A+
US: Indiana
Associates Lloyds Insurance A+
Company
US: Texas
New Atlanta Casualty Company A
US: Ohio
New Atlanta Reserve Insurance A
Company
US: Ohio
New Atlanta Specialty Insurance A
Company
US: Ohio
+ Bar Plan Group A-
US: Missouri
+ Bar Plan Mutual Insurance A-
Company
US: Missouri
Chartwell Insurance Company C u
US: Connecticut
-- Commercial Casualty B+ u
Insurance Co of NC
US: North Carolina
Commercial Guaranty A+
Insurance Company
US: Delaware
New Coventry Insurance Company A
US: Ohio
Dakota Specialty Insurance C u
Company
US: North Dakota
-- Delta Insurance Services B+ u
Group
US: Georgia
Design Professionals A-
Insurance Company
US: Connecticut
-- Eastern Casualty Group A-
US: Massachusetts
-- Eastern Casualty Insurance A-
Company
US: Massachusetts
+ Eastern Mutual Insurance B++
Company (NY)
US: New York
EBI Indemnity Company A-
US: Connecticut
Employee Benefits A-
Insurance Company
US: Connecticut
Farm Bureau Insurance A
Company of NE
US: Nebraska
FB Mutual Insurance A
Co. Inc
US: Kansas
-- Georgia Mutual Insurance B+ u
A Stock Company
US: Georgia
Gerling Global B
Reinsurance Company *
Canada: Ontario
Gerling Global Reinsurance B
Corp USB *
Germany
New Great American Contemporary A
Insurance Co
US: Ohio
New Great Texas County Mutual A
Insurance Co
US: Texas
Independent Truckers B++
Insurance Company
US: Iowa
New Infinity Insurance Company A
US: Indiana
New Infinity National Insurance A
Company
US: Indiana
New Infinity Property & Casualty A
Group
US: Ohio
New Infinity Select Insurance A
Company
US: Indiana
Insurance Company of the E
Americas
US: Florida
Insurance Corporation of Cu
New York
US: New York
-- JEVCO Insurance Company Au
Canada: Quebec
Kansas Farm Bureau Group A
US: Kansas
-- Kingsway General Insurance Au
Company
Canada: Ontario
New Leader Insurance Company A
US: Ohio
New Leader Preferred Insurance A
Company
US: Ohio
New Leader Specialty Insurance A
Company
US: Indiana
-- Medical Liability Mutual A-u
Insurance Co
US: New York
New Mississippi Valley Title
Insurance Co
US: Mississippi
-- MLMIC Group A-u
US: New York
-- Mutual Fire Ins Co of Carroll Cty B+
US: Maryland
-- National Automotive Insurance C++
Company
US: Louisiana
+ Nichido F & M Insurance Co, A
Ltd USB
Japan
-- OHIC Insurance Company A-u
US: Ohio
Pennsylvania Casualty Company F
US: Pennsylvania
PHICO Insurance Company F
US: Pennsylvania
-- PMA Capital Insurance Company A
US: Pennsylvania
-- PMA Capital Insurance Group A
US: Pennsylvania
-- Princeton Insurance Company B+u
02873 B u B+ u
US: New Jersey
-- Professional Liability Ins Co A-u
of America
US: New York
New Regal Insurance Company A
US: Indiana
-- Senior Citizens Mutual B++
Insurance Co
US: Florida
-- State Farm Fire and A++
Casualty Company
US: Illinois
New TICO Insurance Company A
US: Ohio
-- Trenwick America Reinsurance B-u
Corporation US: Connecticut
+ Triangle Insurance Company, Inc B+
US: Oklahoma
United Agents Insurance F
Company of LA
US: Louisiana
New Windsor Insurance Company A
US: Indiana
-- York Fire & Casualty Insurance Au
Company
Canada: Ontario
International
-- Annuity and Life Reassurance, Ltd B++u
Bermuda
New Bank of Montreal Insurance Barbados
(Barbados) Ltd
British United Provident A-pd
Association Ltd
United Kingdom
BUPA Insurance Limited NR-5
United Kingdom
Deutsche Asset Management NR-5
Life & Pension
United Kingdom
GE Life Limited NR-5
United Kingdom
Gerling Global General B
& Reins Co Ltd *
United Kingdom
Gerling Global International B
Reins Co *
Barbados
Gerling Global Life B
Reassurance Co (UK) *
United Kingdom
Gerling Global Life B
Reins of Australia *
Australia
Gerling Global Reins B
Co of Australia Pty *
Australia
Gerling Global Reins Co B
of South Africa *
South Africa
Gerling Global Sweden B
Reinsurance Co Ltd *
Sweden
Gerling Globale B
Rueckversicherung AG *
Switzerland
Gerling-Konzern Globale Rueck * B
Germany
Groupama General Insurance C pd
Company Ltd
United Kingdom
Groupama Insurance C pd
Company Limited
United Kingdom
Kingsway Reinsurance Au
Bermuda Ltd
Bermuda
LaSalle Re Limited Cu
Bermuda
Legal & General Life Asr A++
Long-Term Fund
United Kingdom
Liverpool Victoria NR-5
Life Company Ltd
United Kingdom
National Farmers A-pd
Union Mutual Ins Soc
United Kingdom
National Farmers NR-5
Union Mutual Ins Soc
United Kingdom
National Farmers Union A pd
Mutual Ins Soc
United Kingdom
New Nichido Fire and NR-5
Marine Ins Co Ltd
Japan
Swiss Re tails S.p.A. A++
Italy
Swiss Re Italia SpA. - Consolidated A++
Italy
UBS Global Asset Management Life Ltd NR-5
United Kingdom
-- Unum Japan Accident Insurance Co Ltd A
Japan
Ratings Under Review
Rating Current
Action Company Name & Domicile AMB# Rating
Life
U Colonial Life & Accident Insurance Co 06238 A u
US: South Carolina
U First Great-West L & A Ins Co 60244 A++ u
US: New York
U First Unum Life Insurance Company 06514 Au
US: New York
U Gerling Global Life Insurance Company 06460 B++ u
Canada: Ontario
U Gerling Global Life Reinsurance Company 60212 B++ u
US: California
U Great-West Life & Annuity Insurance Co 06981 A++ u
US: Colorado
U Great-West Life Assurance Company 06493 A++ u
Canada: Manitoba
U London Life Insurance Company 06667 A++ u
Canada: Ontario
U Paul Revere Life Insurance Company 06899 A u
US: Massachusetts
U Paul Revere Variable Annuity Ins Co 06900 A u
US: Massachusetts
U Provident Life and Accident Insurance Co 06968 A u
US: Tennessee
U Provident Life and Casualty Insurance Co 06969 A u
US: Tennessee
U Unum Life Insurance Company of America 06256 A u
US: Maine
Health Care
U One Health Plan of California Inc 64023 A+ u
US: California
U One Health Plan of Colorado Inc 64024 A+ u
US: Colorado
U One Health Plan of Georgia Inc 64025 A+ u
US: Georgia
U One Health Plan of Illinois Inc 64026 A+ u
US: Illinois
U One Health Plan of Texas Inc 64027 A+ u
US: Texas
Property/Casualty
U Gateway Insurance Company 10621 B++ u
US: Missouri
Rating Previous
Action Company Name & Domicile Rating
Life
U Colonial Life & Accident Insurance Co A
US: South Carolina
U First Great-West L & A Ins Co A++
US: New York
U First Unum Life Insurance Company A
US: New York
U Gerling Global Life Insurance Company B++ u
Canada: Ontario
U Gerling Global Life Reinsurance Company B++ u
US: California
U Great-West Life & Annuity Insurance Co A++
US: Colorado
U Great-West Life Assurance Company A++
Canada: Manitoba
U London Life Insurance Company A++
Canada: Ontario
U Paul Revere Life Insurance Company A
US: Massachusetts
U Paul Revere Variable Annuity Ins Co A
US: Massachusetts
U Provident Life and Accident Insurance Co A
US: Tennessee
U Provident Life and Casualty Insurance Co A
US: Tennessee
U Unum Life Insurance Company of America A
US: Maine
Health Care
U One Health Plan of California Inc A+
US: California
U One Health Plan of Colorado Inc A+
US: Colorado
U One Health Plan of Georgia Inc A+
US: Georgia
U One Health Plan of Illinois Inc A+
US: Illinois
U One Health Plan of Texas Inc A+
US: Texas
Property/Casualty
U Gateway Insurance Company B++
US: Missouri
Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned
initial rating; (u) Rating placed under review
* Rating was downgraded to B from B++ on Feb. 13, 2003, prior to its
present NR-3 rating.
RELATED ARTICLE: 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 Report? 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 (9DB) 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 BestWeek [R] Selected rating changes and new ratings are published in Best's Review [R] (our monthly magazine). BEST'S RATINGS A.M. Best ratings (A++ to F) are assigned to insurance companies that 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 service. 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. 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 near-term adj. Of, for, or involving a short period of time in the near future. change. 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 . Best's Public Data (pd) Rating Modifiers may be assigned to Health Maintenance Organizations (HMOs), 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. , 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 Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: using publicly available data and other public information. 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 ma not be reproduced without permission. |
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