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 October October: see month. 2005 edition of Best's Review. See page 26 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
- Allianz Life Insurance Co of NA 06830 A A+
US: Minnesota
- Allianz Life Insurance Co of New
York 09417 A A+
US: New York
New Atlantic Coast Life Insurance
Company 06132 B+ NR-5
US: South Carolina
HMO
- AMERIGROUP Maryland a Managed
Care Org 64612 C+ pd C++ pd
US: District Of Columbia
- AMERIGROUP New Jersey Inc 64209 C+ pd C++ pd
US: New Jersey
+ Care 1st Health Plan Inc 64143 B- pd C++ pd
US: California
- Cariten Health Plan Inc 64425 B- pd B pd
US: Tennessee
- Colorado Access 64310 C pd C+ pd
US: Colorado
- Community Health Group 64145 C pd C++ pd
US: California
- Cox Health System HMO 64421 C pd C+ pd
US: Missouri
Dedicated Dental Systems Inc 64720 B- pd NR-5
US: California
Elder Health Maryland HMO Inc 64697 C pd NR-5
US: Maryland
Elder Health Pennsylvania HMO Inc 64743 C pd NR-5
US: Pennsylvania
Elderplan Inc 64286 C+ pd NR-5
US: New York
+ Good Health HMO Inc 68956 B+ pd B pd
US: Missouri
Grand Valley Health Plan Inc 68632 C++ pd NR-5
US: Michigan
- Health Plan of Michigan 64615 B- pd B pd
US: Michigan
Health Plus of Louisiana Inc 64279 B- pd NR-5
US: Louisiana
- Health Right Inc 64611 B- pd B pd
US: District Of Columbia
Healthplan of Texas Inc 64455 NR-5 C++ pd
US: Texas
Hometown Health Plan 64235 NR-5 C++ pd
US: Nevada
+ Kaiser Fdn Hlth PI Mid-Atlantic
States 68551 B++ pd B+ pd
US: Maryland
+ Kaiser Foundation Health Plan Inc 64585 B++ pd B+ pd
US: California
+ Kaiser Foundation Health Plan of
CO 68516 B++ pd B+ pd
US: Colorado
+ Kaiser Foundation Health Plan of
Georgia 68528 B++ pd B+ pd
US: Georgia
+ Kaiser Foundation Health Plan of
NW 68585 B++ pd B+ pd
US: Oregon
+ Kaiser Foundation Health Plan of
Ohio 68577 B++ pd B+ pd
US: Ohio
Lovelace Sandia Health Systems
Inc 68562 C+ pd NR-5
US: New Mexico
- M-Care Inc 68783 B- pd B pd
US: Michigan
- McLaren Health Plan Inc 64616 B- pd B pd
US: Michigan
- Medica Health Plans 68559 B+ pd B++ pd
US: Minnesota
MMM Healthcare Inc 64707 C pd NR-5
US: Puerto Rico
- NevadaCare Inc 64194 C pd C+ pd
US: Nevada
Partners National Health Plans of
IN 68836 NR-5 C+ pd
US: Indiana
+ PrimeCare Medical Network Inc 64659 C++ pd C+ pd
US: California
Saint Mary's HealthFirst 64237 NR-5 C+ pd
US: Nevada
+ Scan Health Plan 60187 B- pd C++ pd
US: California
+ Seton Health Plan Inc 64252 C++ pd C pd
US: Texas
+ Sioux Valley Health Plan 64393 C+ pd C pd
US: South Dakota
+ Texas Children's Health Plan Inc 64244 B- pd C++ pd
US: Texas
Touchpoint Health Plan Inc 68802 NR-5 C++ pd
US: Wisconsin
University Health Care Inc 64408 NR-5 C++ pd
US: Kentucky
+ University Health Plans Inc 60157 C+ pd C pd
US: New Jersey
- ValueOptions of California Inc 64653 C pd B- pd
US: California
WINhealth Partners 64021 B pd NR-5
US: Wyoming
Property/Casualty
- Alea Group--U.S. 18590 B++ A- u
US: New York
- Alea North America Insurance 12467 B++ A- u
Company
US: New York
- Alea North America Specialty Ins
Co 11432 B++ A- u
US: Delaware
BCAA Insurance Corporation * 87017 NR-4 B++
Canada: British Columbia
New Eastern Dentists Insurance Co
(A RRG) 11397 B+ NR-4
US: Vermont
New Granite Re, Inc 11379 A- NR-2
US: Oklahoma
IGF Insurance Company 03543 NR-5 F
US: Indiana
New Progressive Commercial Auto Group 18673 A+
US: Ohio
- PXRE Reinsurance Company 02797 A- u A u
US: Connecticut
+ Regis Insurance Company 02676 B+ B
US: Pennsylvania
New Travelers Auto Ins Co of New
Jersey 12031 A NR-3
US: New Jersey
International
AA Mutual International Insurance
Co Ltd 87200 E NR-5
United Kingdom
AG RE Cie de Reasr Gen en
Liquidation 78020 F
Switzerland
- Alea (Bermuda) Ltd 86991 B++ A- u
Bermuda
- Alea Europe Limited 85734 B++ A- u
Switzerland
- Alea Global Risk Limited 72216 B++ A- u
Jersey
- Alea Group 51009 B++ A- u
Bermuda
- Alea Jersey Limited 72178 B++ A- u
Jersey
- Alea London Limited 85333 B++ A- u
United Kingdom
Andrew Weir Insurance Company
Limited 87221 E NR-5
United Kingdom
Anglo American Insurance Company
Limited 85546 E NR-5
United Kingdom
Aviation & General Insurance
Company Ltd 86479 E NR-5
United Kingdom
BAI (Run-off) Limited 87226 E NR-5
United Kingdom
Bryanston Insurance Company
Limited 85564 E NR-5
United Kingdom
New Caring Communities Insurance
Company 75478 B+
Cayman Islands
Charter Reinsurance Company
Limited 85504 E NR-5
United Kingdom
+ Drake Insurance plc 87322 E F
United Kingdom
El Paso Insurance Company Limited 85083 E NR-5
United Kingdom
Guarantee Re AG in Liquidation 75410 F
Switzerland
Karlshamns Re AG in Liquidation 75589 F
Switzerland
- Olympus Reinsurance Company Ltd. 83019 B+ u A-
Bermuda
- PXRE Group 84807 A- u A u
Bermuda
- PXRE Reinsurance Ltd. 84141 A- u A u
Bermuda
SCG Rueckversicherung AG
Liquidation 76504 F
Switzerland
Sesapro S.A. en liquidation 73454 F
Switzerland
Sovereign Marine & General Ins Co
Ltd 85003 E NR-5
United Kingdom
* Rating was affirmed B++ on Sept. 21. Current rating effective
Sept. 22.
Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned
initlal rating; (u) Rating placed under review
Rating Under Review
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
Life/Haatth
u HIP Insurance Company of New York 08034 B++ u B++
US: New York
u Mutual Savings Life Insurance
Company 06753 B- u B-
US: Alabama
u Vytra Health Services Inc 64599 B+ u B+
US: New York
XL Life Insurance and Annuity
Company 60395 A+ u A+
US: Illinois
HMO
u ConnectiCare Inc 68517 B+ u B+
US: Connecticut
u Health Insurance Pin of Greater
NY 68985 B++ u B++
US: New York
u Vytra Health Plans Long Island
Inc 68957 B+ u B+
US: New York
Property/Casualty
u Allied World Assurance (US) Inc. 12525 A+ u A+
US: Delaware
u Allmerica Financial Alliance Ins
Co 11746 A- u A-
US: New Hampshire
u Allmerica Financial Benefit
Insurance Co 11212 A- u A-
US: Michigan
u Allmerica Fin'l Property &
Casualty Cos 04861 A- u A-
US: Massachusetts
u Balboa Insurance Company 00195 A u A
US: California
u Balboa Insurance Group 04062 A u A
US: California
u Citizens Insurance Company of
America 00264 A- u A-
US: Michigan
u Citizens Insurance Company of
Illinois 12023 A- u A-
US: Illinois
u Citizens Insurance Company of
MidW 11747 A- u A-
US: Indiana
u Citizens Insurance Company of
Ohio 11679 A- u A-
US: Ohio
u Clearwater Insurance Company 03083 A u A
US: Delaware
u Endurance Reinsurance Corp of
America 12559 A u A
US: New York
u Florists Insurance Company 03711 A- u A-
US: Illinois
u Florists Mutual Group 03977 A- u A-
US: Illinois
u Florists Mutual Insurance Company 03142 A- u A-
US: Illinois
u Greenwich Insurance Company 11095 A+ u A+
US: Delaware
u Hanover American Insurance
Company 10784 A- u A-
US: New Hampshire
u Hanover Insurance Company 02225 A- u A-
US: New Hampshire
u Hanover Lloyds Insurance Company 01734 A- u A-
US: Texas
u Hanover New Jersey Insurance
Company 12626 A- u A-
US: New Hampshire
u Hudson Insurance Company 03081 A u A
US: Delaware
u Hudson Specialty Insurance
Company 12631 A u A
US: New York
u Indian Harbor Insurance Company 11340 A+ u A+
US: North Dakota
u Louisiana Farm Bureau Mutual Ins
Co 00561 A- u A-
US: Louisiana
u Massachusetts Bay Insurance
Company 02226 A- u A-
US: New Hampshire
u Meritplan Insurance Company 02260 A u A
US: California
u Mississippi Farm Bureau Mutual
Ins Co 00645 A+ u A+
US: Mississippi
u Newmarket Underwriters Insurance
Company 12526 A+ u A+
US: New Hampshire
u Newport Insurance Company 02068 A u A
US: Arizona
u NLC Mutual Insurance Company 11291 B+ u B+
US: Vermont
u Odyssey America Reinsurance
Corporation 00539 A u A
US: Connecticut
u Odyssey Reinsurance Group 18514 A u A
US: Delaware
u Partner Reinsurance Company of
the U.S. 02671 A+ u A+
US: New York
u PartnerRe Insurance Company of
New York 03025 A+ u A+
US: New York
u PartnerRe US Group 18470 A+ u A+
US: Connecticut
u Stonington Insurance Company 00175 A u A
US: Texas
u Stonington Lloyds Insurance
Company 12577 A u A
US: Texas
u XL America Group 18130 A+ u A+
US: Delaware
u XL Insurance America, Inc. 02423 A+ u A+
US: Delaware
u XL Insurance Company of New York,
Inc. 12182 A+ u A+
US: New York
u XL Lloyds Insurance Company 12708 A+ u A+
US: Texas
u XL Reinsurance America Inc. 02104 A+ u A+
US: New York
u XL Select Insurance Company 02424 A+ u A+
US: Oklahoma
u XL Specialty Insurance Company 00779 A+ u A+
US: Delaware
International
u Allied World Assurance Co
(Europe) Ltd 83090 A+ u A+
Ireland
u Allied World Assurance Co (Re)
Ltd 89238 A+ u A+
Ireland
u Allied World Assurance Company
Ltd 84808 A+ u A+
Bermuda
u Consumer Insurance Services
Limited 84340 A- u A-
New Zealand
u DaVinci Reinsurance Ltd 84749 A u A
Bermuda
u Endurance Specialty Insurance Ltd 84835 A u A
Bermuda
u Endurance Worldwide Insurance
Limited 83234 A u A
United Kingdom
u Glencoe Group 89072 A u A
Bermuda
u Glencoe Insurance Ltd 86548 A u A
Bermuda
u Imagine Insurance Company Limited 84750 A- u A-
Barbados
u IPCRe Europe Limited 87117 A+ u A+
Ireland
u IPCRe Group 83062 A+ u A+
Bermuda
u IPCRe Limited 86221 A+ u A+
Bermuda
u Lantana Insurance Ltd 75594 A u A
Bermuda
u Montpelier Reinsurance Ltd. 84809 A u A
Bermuda
u Overseas Partners Cat Limited 55023 A u A
Bermuda
u Partner Reinsurance Company Ltd 84424 A+ u A+
Bermuda
u PartnerRe Group 86411 A+ u A+
Bermuda
u PartnerRe SA 85248 A+ u A+
France
u Renaissance Reinsurance Ltd 86357 A+ u A+
Bermuda
u Renaissance Reinsurance of Europe 87847 A+ u A+
Ireland
u Rosemont Reinsurance Ltd. 84802 A- u A-
Bermuda
u Western General Insurance Ltd 85932 A u A
Bermuda
u XL Capital Group 86079 A+ u A+
Cayman Islands
u XL Europe Limited 86202 A+ u A+
Ireland
u XL Insurance (Bermuda) Ltd 85633 A+ u A+
Bermuda
u XL Insurance Company Limited 87674 A+ u A+
United Kingdom
u XL Life Ltd 73313 A+ u A+
Bermuda
u XL Re Latin America Ltd 86824 A+ u A+
Switzerland
u XL Re Ltd 86106 A+ u A+
Bermuda
Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned
initial rating; (u) Rating placed under review Rating was affirmed B++
on Sept. 21. Current rating effective Sept. 22.
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
ability to meet its obligations to policyholders.
Rating Descriptor Definition
Secure
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 policy-
holders.
B++, B+ Very Good Assigned to companies that have, in our
opinion, a good ability to meet their on-
going obligations to policyholders.
Vulnerable
B, B- Fair Assigned to companies that have, in our
opinion, a fair ability to meet their on-
going obligations to policyholders and
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
ongoing obligations to policyholders and
are financially vulnerable to adverse
changes in underwriting and economic con-
ditions.
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 poorly ability to meet
their ongoing obligations to policy-
holders and are financially extremely
vulnerable to adverse changes in under-
writing and economic conditions.
E Under Assigned to companies (and possibly their
Regulatory subsidiaries/affiliates) that have been
Supervision placed by an insurance regulatory authori-
ty under a significant form of supervi-
sion, 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 volunta-
rily 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 expe-
rienced sudden and significant events
affecting their balance sheet strength or
operating performance and whose rating
implications cannot be evaluated due to a
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.
Ratings
Modifiers
Modifier Descriptor Definition
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 NR-2: Insufficient NR-3: Rating Procedure
Data. Size and/or Opera- Inapplicable.
ting Experience.
NR-4: Company NR-5: Not Formally
Request. 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 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] 2003 by A.M. Best Company,
Inc. Version 093005
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