Rating actions.This edition reflects all financial strength rating changes--assignments, changes or placed under review--that occurred for life, health and property/casualty insurers domiciled dom·i·cilen. 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 non-U non-U adj. Chiefly British Not characteristic of the upper class, especially in language usage. [non- + U2. .S. insurance companies, since this section last appeared in the February February: see month. 2009 edition of Best's Review. See page 25 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.btml.
Ratings Changed
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
U.S. Life/Health
- American Network Insurance 07362 E D
Company
Pennsylvania
Concord Heritage Life 06259 NR-5 B++
Insurance Co Inc New
Hampshire
- Excellus Health Plan Inc 60082 B++ A-
New York
+ First Allmerica Financial 07086 A- B+ u
Life Ins Co
Massachusetts
Life of America Insurance 07961 NR-5 C
Company
Massachusetts
- MedAmerica Insurance 07131 B++ A-
Company
Pennsylvania
- MedAmerica Insurance Co 60658 B++ A-
of Florida
Florida
- MedAmerica Insurance Co of 60021 B++ A-
New York
New York
- Penn Treaty Network 06385 E D
America Ins Co
Pennsylvania
U.S. HMO
- Valley Baptist 64852 B B+
Insurance Company
Texas
U.S. Property/Casualty
- American Country Insurance 02735 B- B
Company
Illinois
New Caring Communities, 71152 B++ NR-1
a Reciprocal RRG
District Of Columbia
+ Crusader Insurance Company 01889 A- B++
California
Hanover Fire and Casualty 10847 NR-5 B+
Insurance Co
Pennsylvania
- Lincoln General 03723 B- B+
Insurance Company
Pennsylvania
+ Stonington Insurance 00175 A A-
Company
Texas
+ Stonington Lloyds 12577 A A-
Insurance Company
Texas
New Valiant Specialty 13973 A-
Insurance Company
Delaware
Woodbrook Casualty 10902 NR-5 B
Insurance, Inc.
Alabama
Non-U.S. Life and Non-Life
+ Caring Communities 75478 B++ B+
Insurance Company
Cayman Islands
+ Coachman Insurance Company 86547 B++ B
Canada: Ontario
Consumer Electronics 87296 F NR-3
Insurance Co Ltd
United Kingdom
ERC Frankona Reinsurance 86463 F NR-3
(III) Limited
United Kingdom
- Exchange Insurance 77976 B u B++ u
Company Ltd
United Kingdom
+ First Capital 89433 A A-
Insurance Limited
Singapore
+ Glencoe Group 89072 A A-
Bermuda
+ Glencoe Insurance Ltd 86548 A A-
Bermuda
Guarantee Society Limited 84207 NR-5 F
United Kingdom
Hallmark Insurance 87387 NR-5 F
Company Limited
United Kingdom
HSBC Insurance 86812 NR-4 A+
(Asia) Limited
Hong Kong
HSBC Life (International) 72362 NR-4 A+
Limited
Bermuda
- Kingsway General 86397 B B+
Insurance Company
Canada: Ontario
- Kingsway Reinsurance 86853 C++ B-
Corporation
Barbados
+ Lantana Insurance Ltd 75594 A A-
Bermuda
Muenchener Rueck 86475 NR-5 A+
Italia S.p.A.
Italy
New New India Assurance 90239 A-
Co Ltd (NZ Branch)
New Zealand
Pearl Assurance (Unit 85030 NR-5 F
Funds) Ltd
United Kingdom
Pearl Assurance (Unit 85188 NR-5 F
Linked Pensions)
United Kingdom
New PT Asuransi Jasa 78591 B++ NR-5
Indonesia (Persero)
Indonesia
Scottish Insurance 78252 NR-5 F
Corporation Limited
United Kingdom
Swiss Re Frankona 88526 F NR-3
Reinsurance Limited
United Kingdom
Swiss Reinsurance 87621 F NR-3
Company UK Limited
United Kingdom
TSB Life Limited 87643 F NR-3
United Kingdom
TSB Pensions Limited 87641 F NR-3
United Kingdom
Ratings Under Review
Rating Current Previous
Action Company Name & Domicile AMB# Rating Rating
U.S. Life/Health
CDPHP Universal 64596 B+ u B+
Benefits Inc
New York
U.S. HMO
Capital District 68563 B++ u B++
Physicians' Health Plan
New York
Non-U.S. Life and Non-Life
AIG Life Insurance 66835 A u A
Company of Canada
Canada: Ontario
Al Fajer Retakaful 88954 A- u A-
Insurance Co KSCC
Kuwait
Rating Action: (+) or (-) Rating upgraded or downgraded;
(New) Assigned initial rating; (u) Rating under review
GUIDE TO BEST'S FINANCIAL STRENGTH RATINGS
A Best's Financial Strength Rating is an independent opinion of an
insurer's financial strength and ability to meet its ongoing insurance
policy and contract obligations. The rating is based on a comprehensive
quantitative and qualitative evaluation of a company's balance sheet
strength, operating performance and business profile.
Financial Strength Ratings
Rating Descriptor
Secure A++, A+ Superior
A, A- Excellent
B++, B+ Good
Vulnerable B, B- Fair
C++, C+ Marginal
C, C- Weak
D Poor
E Under Regulatory Supervision
F In Liquidation
S Suspended
Rating Modifiers
"u" Under Review
"pd" Public Data
"s" Syndicate
Not Rated Categories
Assigned to companies reported on by A.M. Best, but not assigned
a Best's Rating.
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 Disclosure
The Financial Strength Rating opinion addresses the relative ability
of an insurer to meet its ongoing insurance obligations. The ratings
are not assigned to specific insurance policies or contracts and do
not address any other risk, including, but not limited to, an insurer's
claims-payment policies or procedures; the ability of the insurer to
dispute or deny claims payment on grounds of misrepresentation or
fraud; or any specific liability contractually borne by the policy or
contract holder. A Financial Strength Rating is not a recommendation
to purchase, hold or terminate any insurance policy, contract or
any other financial obligation issued by an insurer, nor does it
address the suitability of any particular policy or contract for a
specific purpose or purchaser. In arriving at a rating decision, A.M.
Best relies on third-party audited financial data and/or other
information provided to it. While this information is believed to be
reliable, A.M. Best does not independently verify the accuracy or
reliability of the information. For additional details, see A.M.
Best's Terms of Use at www.ambest.com.
Financial Strength Ratings are distributed via press release and/or
the A.M. Best Web site at www.ambest.com and are published in the
Rating Actions section of BestWeek[R] . Financial Strength Ratings
are proprietary and may not be reproduced without permission.
Copyright [c]2009 by A.M. Best Company, Inc. Version 070208
For more information about A.M. Best Ratings visit
www.ambest.com/ratings/about.asp
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