Best's rating changes.
Best's Rating Changes is an abbreviated version of Best's Rating Monitor, which is published in BestWeek, our weekly insurance industry newsletter. See page 15 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.
atings Changed Rating Current Previous Action Company Name & Domicile AMB# Rating Rating Life/Health New Blue Cross and Blue Shield of 64541 B++ NR-5 Vermont US: Vermont - Canada Life Insurance Co of 60378 A- A+ u Puerto Rico US: Puerto Rico - Employers Reassurance 06976 A- A Corporation US: Kansas - Old Standard Life Insurance 68103 C++ u B- Company US: Idaho - Old West Annuity & Life 07957 C++ u B- Insurance Co US: Arizona - Unity Mutual Life Insurance 07196 B- B Company US: New York - Western United Life Assurance 08077 C++ u B- Company US: Washington HMO Aetna Dental Maintenance 64020 NR-5 A- Organization US: Texas - ConnectiCare Inc 68517 B pd B+ pd US: Connecticut - ConnectiCare of Massachusetts 64464 B- pd B pd US: Massachusetts UNICARE Health Plan of Oklahoma 64633 NR-3 A- Inc US: Oklahoma + Vermont Health Plan LLC 64124 B++ B+ pd US: Vermont Property/Casualty - Capitol County Group 03920 B++ A US: Texas - Capitol County Mutual Fire 03829 B++ A Insurance Co US: Texas - Chicago Mutual Insurance Company 03138 B B+ US: Illinois Commercial Mutual Insurance 11627 NR-4 B Company US: Georgia - Commercial Risk Re-Insurance 11378 B B+ Company US: Vermont Converium NA Group 18233 NR-5 A US: New York Cornerstone Mutual Insurance 11626 NR-4 B Company US: Georgia Covenant Group (GA) 18521 NR-4 B US: Georgia - Farmers Mutual Insurance Company 10168 B- B (KS) US: Kansas GE Financial/P&C 05901 NR-5 A u US: Pennsylvania Heartland Lloyds Insurance 11636 NR-3 C Company US: Texas + Iowa American Insurance Company 03603 A B u US: Iowa Iowa Mutual Group 03907 NR-5 B u US: Iowa + Iowa Mutual Insurance Company 00528 A B u US: Iowa - Medical Assurance of West 10902 B A- Virginia, Inc US: West Virginia New Merchants Bonding Co (Mutual) 18618 A Group US: Iowa - Mutual Fire Ins Co of 04198 C+ B Carroll Cty US: Maryland + National Automotive Insurance 11516 C+ C Company US: Louisiana - National Service Contract Ins Co 11820 B++ u A- u RRG US: Hawaii New Nations Bonding Company 12599 A US: Texas New Ocean Harbor Casualty Insurance 11218 B NR-1 Company US: Florida - Old Reliable Casualty Company 03807 B++ A- US: Missouri New Omega One Insurance Company, Inc 11413 B+ NR-2 US: Alabama + Steel Tank Insurance Co A Risk 11221 A- B++ Ret Grp US: Vermont + Summit Insurance Company 01863 B++ B+ US: Rhode Island - Wisconsin American Mutual 04350 C++ B- Insurance Co US: Wisconsin International Alliance Assurance Company 85105 NR-5 A- Limited United Kingdom New Carraig Insurance Limited 75634 A- Ireland + CGNU Life Assurance Limited 85266 A pd B++ pd United Kingdom + CGU International Insurance plc 86250 A pd NR-5 United Kingdom - Commercial Risk Reinsurance 86514 B B+ Company Ltd Bermuda + Commercial Union Life Assurance 87873 A pd B++ pd Company United Kingdom - EIG-Ansvar Limited 86390 A- A New Zealand New Knight Insurance Company Ltd 72139 B+ Cayman Islands New Lloyd's Syndicate 2001 48337 A s United Kingdom New Lloyd's Syndicate 382 47902 A s United Kingdom Morley Pooled Pensions Limited 87494 A- pd NR-5 United Kingdom New New Technology Insurance 89076 A- Ireland + Norwich Union Annuity Limited 87492 A pd B++ pd United Kingdom + Norwich Union Insurance Ltd 85250 A pd NR-5 United Kingdom + Norwich Union Life & 86137 A pd B++ pd Pensions Ltd United Kingdom + Norwich Union Linked Life 85265 A pd B++ pd Assurance Ltd United Kingdom Sea Insurance Company Limited 85107 NR-5 A- United Kingdom Skandia Insurance Company 85180 NR-3 A- Ltd (publ.) Sweden Stockton Reinsurance Limited 86506 NR-5 B++ Bermuda New Through Transport Mut Ins Asc 84975 B++ NR-5 (EurAsia) United Kingdom + Through Transport Mutual Ins 87148 B++ B+ Assoc Ltd Bermuda Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned initial rating; (u) Rating placed under review atings Under Review Rating Current Previous Action Company Name & Domicile AMB# Rating Rating U CNA Group Life Assurance Company 07681 A u A US: Illinois Property/Casualty U Piedmont Mutual Insurance 11575 B- u B- Company US: North Carolina U Sirius America Insurance Company 03758 A u A US: Delaware U Transportation Casualty 00741 B+ u B+ Insurance Co US: Florida International U Consumer Insurance Services 84340 A- u A- Limited New Zealand U Credit & General Insurance 86476 A u A Limited New Zealand U Fund American Reins Company, Ltd 83294 A- u A- Bermuda U Sirius International Ins Corp 86396 A u A (publ) Sweden U Sirius International Insurance 87839 A u A Corp Grp Sweden Rating Action: (+) or (-) Rating upgraded or downgraded; (New) Assigned initial rating; (u) Rating placed under review UIDE TO BET'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 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 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, in our opinion, may not have an 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 Regulatory possibly their subsidiaries/ Supervision affiliates) that have been placed by an insurance regulatory authority under a significant form of supervision, control or restraint where-by 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 Assigned to companies that have Liquidation 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 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. Modifier Descriptor Definition Rating u Under Review A modifier that generally is Modifiers 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 Affiliation Codes 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 Operating Inapplicable. Experience. NR-4: Company NR-5: Not Formally Request. Followed. Rating Outlook Best's interactive 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 company 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] 2003 by A.M. Best Company, Inc. Version 071503
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|Title Annotation:||insurance company ratings|
|Date:||Feb 1, 2004|
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