Best's rating changes.This edition 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 reflects all rating changes--assignments, changes or placed under review--that occurred for life, health and property/casualty insurers 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. in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . as well as international insurance companies, since this section last appeared in the February February: see month. 2005 edition of Best's Review. See page 18 for the current Guide to Best's Financial Strength Ratings or visit the A.M. Best Co. Web site at www.ambest.com/ratings/guide.html for detailed rating definitions. The A.M. Best rating of any company and basic company information also are available free of charge at www.ambest.com/ratings/access.html.
Ratings Changed
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
Life/Health
New AGC Life Insurance Company 09199 A++ NR-2
US: Missouri
New AIG Assurance Canada 66828 A++ NR-3
Canada: Ontario
New American Life Insurance Company 06081 A++ NR-5
US: Delaware
Canada Life Insurance 60378 NR-5 A-
Co of Puerto Rico
US: Puerto Rico
- Citicorp Life Insurance Company 08382 A A+
US: Arizona
+ Cotton States Life 06292 A- B++ u
Insurance Company
US: Georgia
- First Citicorp Life 09078 A A+
Insurance Company
US: New York
Glenbrook Life and 07191 NR-5 A+
Annuity Company
US: Arizona
New Heartland Fidelity 76359 B+ NR-5
Insurance Company
US: District Of Columbia
Maritime Life Assurance Company 06689 NR-5 A++
Canada: Nova Scotia
Medical Life Insurance Company 08654 NR-5 A
US: Ohio
+ Nationwide Life & 07275 A+ A
Annuity Co of America
US: Delaware
+ Nationwide Life Ins 06971 A+ A
Co of America
US: Pennsylvania
- States General Life 07090 C++ B-
Insurance Company
US: Texas
- Travelers Insurance Company 07330 A+ A++
US: Connecticut
- Travelers Life and 08429 A+ A++
Annuity Company
US: Connecticut
- Trustmark Insurance Company 06165 B++ A-
US: Illinois
- Trustmark Life Insurance Company 06335 B++ A-
US: Illinois
HMO
New Dean Health Plan Inc 64203 B++ C++ pd
US: Wisconsin
Property/Casualty
- ACE American Reinsurance Company 04460 B- u B+
US: Pennsylvania
- American Superior 12157 F E
Insurance Company
US: Florida
- Brandywine Group 18345 B- u B+
US: Pennsylvania
- Century Indemnity Company 04047 B- u B+
US: Pennsylvania
- Century Reinsurance Company 03742 B- u B+
US: Pennsylvania
Cotton States Insurance Group 00300 NR-5 B u
US: Georgia
- Evergreen USA Risk 11155 B B+
Retention Group, Inc
US: Vermont
New Mapfre Reinsurance Corp CAB 77619 A
Canada: Ontario
+ Meridian Citizens 00268 A+ A
Mutual Insurance Co
US: Indiana
Meridian Insurance Group 18373 NR-5 A
US: Indiana
+ Meridian Security 03333 A+ A
Insurance Company
US: Indiana
Mid-Plains Insurance Company 10610 NR-5 A-
US: Iowa
+ Mount Carroll Mutual 03823 B B-
Fire Insurance Co
US: Illinois
NIPPONKOA Insurance 01909 NR-3 A-
Company of America
US: New York
+ Old United Casualty Company 10362 A A-
US: Kansas
New Southern FB Property Ins Co 11666 A NR-5
US: Mississippi
Travelers Casualty & 86921 NR-5 A+ u
Surety Co of Canada
Canada: Ontario
Unique Compagnie 87101 NR-4 B++ u
D'Assurances Generales
Canada: Quebec
Workers Compensation Fund Group 18471 NR-5 A-
US: Utah
International
ACE Insurance SA NV 85979 NR-3 A
Belgium
Cayman General Insurance Co Ltd 86807 NR-4 B-
Cayman Islands
- Elwood Insurance Limited 86659 B+ B++ u
Bermuda
New Lloyd's Syndicate 1225 48312 A s
United Kingdom
St Paul Reinsurance 85545 NR-3 A
Company Limited
United Kingdom
Rating Action: (+) or (-) Rating upgraded 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/Health
U American Health and 06062 A+ u A+
Life Insurance Co
US: Texas
U Kentucky Home Life 60296 B+ u B+
Insurance Company
US: Kentucky
U National Benefit Life 06163 A++ u A++
Insurance Company
US: New York
U Primerica Life Insurance Company 06693 A++ u A++
US: Massachusetts
U Primerica Life Insurance 60156 A+ u A+
Company of CA
Canada: Ontario
U Sears Life Insurance Company 07170 A+ u A+
US: Texas
U Union Central Life 07150 A- u A-
Insurance Company
US: Ohio
Property/Casualty
U Automobile Ins Co 04046 A+ u A+
of Hartford, CT
US: Connecticut
U Charter Oak Fire 02516 A+ u A+
Insurance Company
US: Connecticut
U Farmington Casualty Company 01744 A+ u A+
US: Connecticut
U Majestic Insurance Company 01723 A- u A-
US: California
U Phoenix Insurance Company 02518 A+ u A+
US: Connecticut
U Standard Fire Insurance Company 02002 A+ u A+
US: Connecticut
U TravCo Insurance Company 11300 A+ u A+
US: Connecticut
U Travelers Casualty 02001 A+ u A+
and Surety Company
US: Connecticut
U Travelers Casualty 03609 A+ u A+
and Surety of America
US: Connecticut
U Travelers Casualty Company of CT 11024 A+ u A+
US: Connecticut
U Travelers Casualty 04465 A+ u A+
Insurance Co of Amer
US: Connecticut
U Travelers Commercial 11767 A+ u A+
Casualty Company
US: Connecticut
U Travelers Commercial 11025 A+ u A+
Insurance Company
US: Connecticut
U Travelers Excess and 00241 A+ u A+
Surplus Lines Co
US: Connecticut
U Travelers Home and Marine Ins Co 11302 A+ u A+
US: Connecticut
U Travelers Indemnity 04003 A+ u A+
Co of America
US: Connecticut
U Travelers Indemnity Company 02520 A+ u A+
US: Connecticut
U Travelers Indemnity 02517 A+ u A+
Company of CT
US: Connecticut
U Travelers Lloyds 03297 A+ u A+
Insurance Company
US: Texas
U Travelers Lloyds of 01743 A+ u A+
Texas Insurance Co
US: Texas
U Travelers Personal 11020 A+ u A+
Insurance Company
US: Connecticut
U Travelers Personal 11026 A+ u A+
Security Insurance Co
US: Connecticut
U Travelers Property 04461 A+ u A+
Casualty Co of Amer
US: Connecticut
U Travelers Property 11027 A+ u A+
Casualty Insurance Co
US: Connecticut
U Travelers Property Casualty Pool 18311 A+ u A+
US: Connecticut
International
U Travelers Cas and Sur 87376 A+ u A+
Co Europe Ltd
United Kingdom
Rating Action: (+) or (-) Rating upgraded or downgraded;
(New) Assigned initial rating; (u) Rating placed under review
GUIDE TO BEST'S FINANCIAL STRENGTH RATINGS
A Best's Rating is an independent opinion, based on a comprehensive
quantitative and qualitative evaluation, of a company's balance sheet
strength, operating performance and business profile. Best's Ratings
are not a warranty of a company's financial strength and ability to
meet its obligations to policyholders.
Financial Strength Ratings
A Best's Financial Strength Rating (FSR) is an opinion of
an insurer's financial strength and ability to meet ongoing
obligations to policyholders.
Secure
Rating Descriptor Definition
A++, A+ Superior Assigned to companies that have,
in our opinion, a superior ability
to meet their ongoing obligations
to policyholders.
A, A- Excellent Assigned to companies that have,
in our opinion, an excellent ability
to meet their ongoing obligations to
policyholders.
B++, B+ Very Good Assigned to companies that have,
in our opinion, a good ability to
meet their ongoing obligations to
policyholders.
Vulnerable
B, B- Fair Assigned to companies that have, in our
opinion, a fair ability to meet their
current obligations to policyholders,
but are financially vulnerable to
adverse changes in underwriting and
economic conditions.
C++, C+ Marginal Assigned to companies that have, in
our opinion, a marginal ability to
meet their current obligations to
policyholders, but are financially
vulnerable to adverse changes in
underwriting and economic conditions.
C, C- Weak Assigned to companies that have, in
our opinion, a weak ability to meet
their current obligations to
policyholders, but are financially
very vulnerable to adverse changes in
underwriting and economic conditions.
D Poor Assigned to companies that have, in
our opinion, a poor ability to meet
their current obligations to
policyholders and are financially
extremely vulnerable to adverse changes
in underwriting and economic conditions.
E Under Assigned to companies (and possibly
Regulatory their subsidiaries/affiliates) that
Supervision have been placed by an insurance
regulatory authority under a
significant form of supervision,
control or restraint whereby they
are no longer allowed to conduct
normal ongoing insurance operations.
This would include conservatorship
or rehabilitation, but does not include
liquidation. It may also be assigned to
companies issued cease and desist orders
by regulators outside their home state
or country.
F In Liquidation Assigned to companies that have been
placed under an order of liquidation
by a court of law or whose owners have
voluntarily agreed to liquidate the
company. Note: Companies that
voluntarily liquidate or dissolve their
charters are generally not insolvent.
S Suspended Assigned to companies that have
experienced sudden and significant
events affecting their balance sheet
strength or operating performance
whereby the rating implications cannot
be evaluated due to lack of timely or
adequate information.
Rating Modifiers and Affiliation Codes
A rating modifier can be assigned to indicate that a Best's Rating may
be subject to near-term change (under review), that a company did not
subscribe to Best's interactive rating process (public data) and that
the rating is assigned to a syndicate operating at Lloyd's. Affiliation
codes (g, p, and r) are added to Best's Ratings to identify companies
whose assigned ratings are based on group, pooling or reinsurance
affiliation with other insurers.
Modifier Description Definition
Rating Modifiers
u Under Review A modifier that generally is event-
driven (positive, negative or
developing) and is assigned to a
company whose Best's Rating opinion
is under review and may be subject to
change in the near-term, generally
defined as six months.
pd Public Data Assigned to insurers that do not
subscribe to Best's interactive rating
process. Best's "pd" Ratings reflect
qualitative and quantitative analyses
using public data and information.
s Syndicate Assigned to syndicates operating at
Lloyd's.
Affiliation Codes
g Group
p Pooled
r Reinsured
Not Rated Categories (NR)
Assigned to companies reported on by A.M. Best, but
not assigned a Best's Rating. The five categories are:
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.
Rating Outlook
Best's Ratings (A++ to D) are assigned a Rating Outlook that indicates
the potential direction of a company's rating for an intermediate
period, generally defined as the next 12 to 36 months. Public Data
Ratings are not assigned an Outlook. Rating Outlooks, which appear in
the rating rationale section of the company's Best's Company Report,
are as follows:
Positive Indicates a company's financial/market trends are
favorable, relative to its current rating level and,
if continued, the company has a good possibility of
having its rating upgraded.
Negative Indicates a company is experiencing unfavorable
financial/market trends, relative to its current
rating level and, if continued, the company has
a good possibility of having its rating downgraded.
Stable Indicates a company is experiencing stable
financial/market trends and there is a low
likelihood that its rating will change
in the near term.
Best's Ratings are distributed via press release and/or the A.M.
Best Web site at www.ambest.com, and are published in the Rating
Monitor section of BestWeek[R]. Best's Ratings are proprietary and
may not be reproduced without permission.
Copyright [c] 2005 by A.M. Best Company, Inc.
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