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 August 2005 edition of Best's Review. See page 27 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 Compnay Name & Domicile AMB# Rating Rating
Life/Health
m American Health and Life
Insurance Co 06062 A A+ u
US: Texas
+ American Reserve Life Insurance
Company 07486 B C+ u
US: Oklahoma
+ Commercial Travelers Mutual
Insurance Co 07361 B B-
US: New York
First British American
Reinsurance Co 76681 NR-5 A+
US: South Carolina
New Mid-Continent Preferred Life
Insurance 60382 B NR-2
US: Oklahoma
+ Monitor Life Insurance Co of NY 08664 B B-
US: New York
- National Benefit Life Insurance
Company 06163 A+ A++ u
US: New York
- Primerica Life Insurance Company 06693 A+ A++ u
US: Massachusetts
Prudential Arizona Re Captive
Company 76547 NR-5 A+
US: Arizona
River Lake Insurance Company 76111 NR-5 A+
US: South Carolina
River Lake Insurance Company II 60561 NR-5 A+
US: South Carolina
Sears Life Insurance Company 07170 A A+ u
US: Texas
HMO
New Amil International (Texas) Inc 64458 E D pd
US: Texas
- Cape Health Plan Inc 64490 C+ pd C++ pd
US: Michigan
+ Central Oregon Independent Health
Servc 64496 B- pd C++ pd
US: Oregon
- Dayton Area Health Plan 68574 C+ pd B- pd
US: Ohio
- Driscoll Children's Health Plan 64519 C++ pd B- pd
US: Texas
- Educators Health Care 68603 B pd B+ pd
US: Utah
+ GHI HMO Select Inc 64564 C++ pd C+ pd
US: New York
- Gundersen Lutheran Health Plan
Inc 64204 C+ pd C++ pd
US: Wisconsin
- Health Partners of Philadelphia
Inc 64160 C+ pd C++ pd
US: Pennsylvania
- Health Tradition Health Plan 68620 C+ pd C++ pd
US: Wisconsin
- HealthPlus of Michigan Inc 68555 C+ pd C++ pd
US: Michigan
+ Independent Health Association 64343 B+ pd B pd
US: New York
- Managed Health Inc 64346 C+ pd C++ pd
US: New York
- Medical Associates Health Plan
Inc 68542 C++ pd B- pd
US: Iowa
+ Medical Health Insuring Corp of
Ohio 64217 B pd C++ pd
US: Ohio
+ Neighborhood Health Plan Inc 68744 B- pd C++ pd
US: Massachusetts
+ Rochester Area Health Maintenance
Org 64296 B+ pd B pd
US: New York
+ SummaCare Inc 60143 C++ pd C+ pd
US: Ohio
- Tufts Associated Health Maint Org
Inc 68684 B- pd B pd
US: Massachusetts
- Vantage Health Plan Inc 64282 C++ pd B- pd
US: Louisiana
Property/Casualty
New AIG Auto Ins Co of NJ 11684 A+ u NR-3
US: New Jersey
New American Physicians Group 18645 B+
US: Michigan
+ Athena Assurance Company 01704 A+ A
US: Minnesota
+ Atlantic Insurance Company 02220 A+ A-
US: Texas
New Beazley Insurance Company, Inc. 11442 A-
US: Nebraska
New CAA Insurance Company (Ontario) 85708 B+ B pd
Canada: Ontario
+ Discover Property and Casualty
Ins Co 03792 A+ A
US: Illinois
+ Discover Specialty Insurance
Company 11763 A+ A
US: Illinois
+ Fidelity and Guaranty Ins
Undrwtr, Inc 02538 A+ A
US: Wisconsin
+ Fidelity and Guaranty Insurance
Company 03762 A+ A
US: Iowa
- Financial Insurance Company of
America 00211 F E
US: Texas
+ GeoVera Insurance Company 12075 A+ A
US: Maryland
+ Gulf Group Lloyds 03847 A+ A-
US: Texas
US: Texas
Gulf Insurance Company 02451 NR-5 A-
US: Connecticut
Gulf Insurance Group 00446 NR-5 A-
US: Connecticut
+ Gulf Underwriters Insurance
Company 11208 A+ A-
US: Connecticut
New Nationwide Affinity Insurance Co
of Amer 11802 A+ NR-3
US: Kansas
+ Pacific Select Property Insurance
Co 12042 A+ A
US: California
+ Prime Insurance Syndicate Inc. 11306 B B-
US: Illinois
+ Seaboard Surety Company 00823 A-F A
US: New York
+ Select Insurance Company 02222 A+ A-
US: Texas
St Paul Companies 00080 NR-5 A
US: Minnesota
+ St Paul Fire & Casualty Insurance
Co 01701 A+ A
US: Wisconsin
+ St Paul Fire and Marine Insurance
Co 02452 A+ A
US: Minnesota
+ St Paul Guardian Insurance
Company 04311 A+ A
US: Minnesota
+ St Paul Medical Liability
Insurance Co 01705 A+ A
US: Minnesota
+ St Paul Mercury Insurance Company 02453 A+ A
US: Minnesota
+ St Paul Protective Insurance
Company 02016 A+ A
US: Illinois
+ St Paul Surplus Lines Insurance
Company 03592 A+ A
US: Delaware
New St. Paul Travelers Insurance
Companies 18674 A+
US: Minnesota
+ Texas Hospital Insurance Exchange 03650 B B-
US: Texas
Travelers Property Casualty Pool 18311 NR-5 A+
US: Connecticut
Triumphe Casualty Company 02810 NR-4 A-
US: Pennsylvania
+ United States Fidelity and
Guaranty Co 02539 A+ A
US: Maryland
+ USF&G Insurance Company of
Mississippi 11568 A+ A
US: Mississippi
+ USF&G Specialty Insurance Company 11678 A+ A
US: Maryland
Westminster American Ins Carroll
County 04198 NR-5 E
US: Maryland
International
+ AXA Re 85219 A A-
France
+ AXA Re Asia Pacific Pte. Ltd. 86116 A A-
Singapore
+ AXA Re Group 86219 A A-
France
+ CGRM (Compagnie Generale Re Monte
Carlo) 86100 A A-
Monaco
E.D.I.T.H. 89460 F NR-5
Belgium
New Family Guardian Insurance Company
Ltd 87111 A- NR-5
Bahamas
Luxembourg European Reinsurance
S.A. 86847 NR-3 A
Luxembourg
New Max Insurance Europe Limited 77979 A-
Ireland
New Max Re Europe Limited 83138 A- NR-3
Ireland
- Tokio Millennium Re Ltd 73848 A+ A++
Bermuda
Troika 2004 Limited 77071 F NR-5
United Kingdom
Rating Action: (+) or (-) Rating upgraded or downloaded; (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 Medical Security Life
Insurance 07771 A- u A-
US: Wisconsin
U Golden Rule Insurance Company 06263 A u A
US: Illinois
U MAMSI Life and Health Insurance
Company 06046 A u A
US: Maryland
U Midwest Security Life Insurance
Company 08297 A- u A-
US: Wisconsin
U Munich American Reassurance
Company 06746 A+ u A-
US: Georgia
U Oxford Health Insurance
Incorporated 60022 A- u A+
US: New York
U PacifiCare Behavioral Health of
CA 64644 B++ u B++
US: California
U PacifiCare Life and Health
Insurance Co 07278 A- u A-
US:Indiana
U PacifiCare Life Assurance Company 08428 B++ u B++
US: Colorado
U Unimerica Insurance Company 09065 A u A
US: Wisconsin
U Unimerica Life Insurance Company
of NY 60392 A u A
US: New York
U United HealthCare Insurance Co of
IL 60071 A+ u A+
US: Illinois
U United HealthCare Insurance Co of
NY 60108 A+ u A+
US: New York
U United HealthCare Insurance Co of
OH 60046 A+ u A+
US: Ohio
U United HealthCare Insurance
Company 08290 A+ u A+
US: Connecticut
HMO
U AmeriChoice of New Jersey Inc 64214 A- u A-
US: New Jersey
U AmeriChoice of New York 64290 A- u A-
US: New York
U AmeriChoice of Pennsylvania Inc 64159 A- u A-
US: Pennsylvania
U Great Lakes Health Plan Inc 64439 A- u A-
US: Michigan
U MD-Individual Practice
Association Inc 68606 A u A
US: Maryland
U Optimum Choice Inc 68764 A u A
US: Maryland
U Optimum Choice of the Carolinas
Inc 64030 A- u A-
US: North Carolina
U Oxford Health Plans (CT) Inc 68933 A- u A-
US: Connecticut
U Oxford Health Plans (NJ) Inc 68934 A- u A-
US: New Jersey
U Oxford Health Plans (NY) Inc 68716 A- u A-
US: New York
U PacifiCare Dental 64635 B++ u B++
US: California
U PacifiCare of Arizona Inc 64218 B++ u B++
US: Arizona
U PacifiCare of California Inc 68705 A- u A-
US: California
U PacifiCare of Colorado Inc 68639 B++ u B++
US: Colorado
U PacifiCare of Nevada Inc 64219 B++ u B++
US: Nevada
U PacifiCare of Oklahoma Inc 68582 B++ u B++
US: Oklahoma
U PacifiCare of Oregon Inc 68707 B++ u B++
US: Oregon
U PacifiCare of Texas Inc 68706 B++ u B++
US: Texas
U PacifiCare of Washington 68591 B++ u B++
US: Washington
U United HealthCare of Alabama Inc 68500 A u A
US: Alabama
U United HealthCare of Arizona Inc 68847 A- u A-
US:Arizona
U United HealthCare of Arkansas Inc 68914 A u A
US:Arkansas
U United HealthCare of Colorado Inc 68848 A- u A-
US: Colorado
U United HealthCare of Florida Inc 68782 A u A
US: Florida
U United HealthCare of Georgia Inc 68893 A u A
US: Georgia
U United HealthCare of Kentucky Ltd 68690 A- u A-
US: Kentucky
U United HealthCare of Louisiana
Inc 68661 A- u A-
US: Louisiana
U United HealthCare of Mississippi
Inc 60118 A- u A-
US: Mississippi
IJ United HealthCare of Ohio Inc 68580 A u A
US: Ohio
U United HealthCare of Tennessee
Inc 68730 A- u A-
US: Tennessee
U United HealthCare of Texas Inc 68841 A- u A-
US: Texas
U United HealthCare of the Midlands
Inc 68892 A u A
US: Nebraska
U United HealthCare of the Midwest
Inc 68560 A u A
US: Missouri
U United HealthCare of Utah 68770 A- u A-
US: Utah
U UnitedHealthcare of Illinois Inc 68532 A u A
US: Illinois
U UnitedHealthcare of New England
Inc 68891 A u A
US: Rhode Island
U United Healthcare of New Jersey 68855 A- u A-
US: New Jersey
U UnitedHealthcare of New York Inc 68856 A u A
US: New York
U UnitedHealthcare of North
Carolina Inc 68572 A u A
US: North Carolina
U UnitedHealthcare of the Mid-
Atlantic 68987 A- u A-
US: Maryland
U United Healthcare of Wisconsin
Inc 68824 A u A
US: Wisconsin
Property/Casualty
U ACE American Reinsurance Company 04460 B-U B- u
US: Pennsylvania
U American Alternative Insurance
Corp 11574 A u A
US: Delaware
U American Re Corporation Group 18259 A u A
US: Delaware
U American Re-Insurance Company 00149 A u A
US: Delaware
U Brandywine Group 18345 B-u A- u
US: Pennsylvania
U Century Indemnity Company 04047 B-u B-u
US: Pennsylvania
U Century Reinsurance Company 03742 A- u g-u
US: Pennsylvania
U Munich Reinsurance Company of
Canada 85770 A+ u A+
Canada: Ontario
U Princeton Excess & Surplus Lines
Ins Co 12170 A u A
US: Delaware
U QBE Insurance Corporation 02739 A u A
US: Pennsylvania
U QBE Re Group--US 18222 A u A
US: New York
U QBE Reinsurance Corporation 04069 A u A
US: Pennsylvania
U QBE Specialty Insurance Company 12562 A u A
US: North Dakota
U Temple Insurance Company 85755 A u A
Canada: Ontario
International
U Great Lakes Reinsurance (UK) PLC 86160 A+ u A+
United Kingdom
U Guardian General Insurance 86364 B++ U B++
Limited
Trinidad And Tobago
U Muenchener Rueckversicherungs 85011 A+ u A+
Germany
U Muenchener Rueckversicherungs 86577 A+ u A+
Germany
U Munich Reinsurance Co of
Australasia Ltd 86473 A+ u A+
Australia
U Munich Reinsurance Italy S.p.A. 86475 A+ u A+
Italy
U N.E.M. (West Indies) Insurance
Limited 86254 A u A
Trinidad And Tobago
U New Reinsurance Company 85060 A+ u A+
Switzerland
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
ability to meet its ongoing 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
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
ongoing 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 where
by the 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.
Modifier Descriptor 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. 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] 2004 by A.M. Best Company, Inc.
Version 062305
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