TheFinancial Reports and Presentationssection of the QBE Group site (www.group.qbe.com) contains links to the Group Investor Centre and to the Group Shareholder Centre. The ratings of Fortegra Indemnity reflect its balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate ERM. Use the (?) These cookies do not store any personal information. Date: February 24, 2023. It is mandatory to procure user consent prior to running these cookies on your website. But it's run differently than most insurance companies. We also use third-party cookies that help us analyze and understand how you use this website. Learn more today! Thank You! links provided below for specific help on search filters and field definitions. Search AM Best's extensive database of life/health, property/casualty insurance companies worldwide and access Best's Credit Ratings, Best's Credit Reports and other key information. We have found SOPAC to be a responsive and reliable reinsurance partner and recommend them highly. The groups total capital increased in 2020, following the creation and initial capitalization of its new surplus lines entity, Fortegra Specialty. Moderate risk factors. Note: Selecting a country, a state or province will return all companies matching any of the selections. See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event. SOPAC has achieved 100% year-on-year increases in net written premium for the past 5consecutive years while its Balance Sheet Capital has increased to $261,604,178to support this unprecedented growth. Upon his retirement from the Marine Cor,Mr. Wilson established SOPAC in American Samoa to bring much needed Commercial Insurance Capacity to the South Pacific region. AM Best Affirms Credit Ratings of Park Assurance Company. Home About Us Insurance African & Asian Facultative ReInsurance Financial Statement Surety Bond Contact Us Thank you for the Request. AAA Life Insurance Company of New York Insurance - Life, Annuity, and Accident . We will get back to you shortly. Assurance of punctual payment of obligations is small over the long run. The search will not cross filter between Countries and States/Provinces. This type of protection is not part of your general liability insurance or homeowners insurance. Under supervision of insurance regulators. AIG Life Insurance Review 2022. About Us. View additional news, reports and products for this company. Date: February 3 . Ability to meet obligations may not be adequate for long-term policies. links provided below for specific help on search filters and field definitions. Very strong ability to meet obligations. Strong ability to deal with economic adversity. Because policyholders are the priority. Oldwick //BestWire// - AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- (Excellent) of the U.S.-based operating subsidiaries of Fortegra Financial Corporation (Fortegra) (headquartered in Jacksonville, FL). AM Best Affirms Credit Ratings of Pacific LifeCorp and Its Subsidiaries, AM Best Comments on Credit Ratings of Pacific LifeCorp and Its Rated Insurance Subsidiaries, A.M. Best Upgrades Issuer Credit Ratings of Members of Pacific Life Group, A.M. Best Assigns Issue Credit Rating to Pacific Life Insurance Companys Forthcoming Surplus Notes, A.M. Best Affirms Credit Ratings of Pacific LifeCorp and Its Subsidiaries, A.M. Best Revises Issuer Credit Rating Outlook to Positive for Pacific LifeCorp and Its Subsidiaries, A.M. Best Affirms Ratings of Pacific LifeCorp and Its Subsidiaries. Use the (?) Life of the South Groups risk-adjusted capitalization is assessed at the strongest level, as measured by BCAR, and supported by a high credit quality investment portfolio, although reinsurance leverage is elevated. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Rating Disclosure Form, Press Release 2020. AM Best Rating Services. Interpretation. SOPAC has applications pending at this time in the European Union, Puerto Rico, and the Federated States of Micronesia. Insurance company Under supervision of state insurance commissioners. Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of a- (Excellent) of Fortegra Indemnity Insurance Company, LTD. (Fortegra Indemnity) (Turks and Caicos). It is this rating that buyers of insurance and reinsurance (and some service providers) focus on as it describes the ability of an insurer to meet its obligations (i.e. Assigned to insurance companies that have, in our opinion, a superior ability to meet their ongoing insurance obligations. Working a bit harder to reach a higher standard. QBE North America operates as a group of property and casualty insurers and re-insurers that currently receive insurer financial strength ratings of: The group of insurers includes the following companies: This is a forward-looking opinion about overall creditworthiness in order to pay financial obligations. Ability to meet obligations may be moderate. Very weak. - P&I Marine insurance is liability coverage for watercraft. This web site needs javascript enabled to work properly. They have demonstrated . Moving a bit faster. Questionable security. *For ratings guidelines and the latest information, access standardandpoors.com and ambest.com. AM Best Affirms Credit Ratings of Meiji Yasuda Life Insurance Company : AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of "aa-" (Superior) of Meiji Yasuda Life Insurance Company (Meiji Yasuda) (Japan). Failed. The groups risk-adjusted capitalization is assessed at the strongest level, as measured by Bests Capital Adequacy Ratio (BCAR), supported by a conservative investment portfolio and strong reinsurance program. Good financial security. . 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Fair financial security. Interpretation. Thank you for contacting us.We will get back to you shortly. Please enable it to use the full functionality of the web site. Please enable it to use the full functionality of the web site. Visit the AM Best Rating Services website for a complete overview of our rating process and methodologies. AM Best has provided ratings & analysis on this company since 1928. Copyrights SOPAC southern Pacific Insurance Corporation. visit our Ratings & Analysis Center. AM Best Revises Outlooks to Negative for Mutual of America Life Insurance Company Date: February 24, 2023 AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. 17486061. Strong ability to meet obligations. marketing@pacificspecialty.com, Customer Support: 800-303-5000 More susceptible to economic change that highly rated companies. Rating Suspended - usually due to insufficient information. Criteria used:Company Names starting with "A" . This category only includes cookies that ensures basic functionalities and security features of the website. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. In the insurance industry, the A.M. Best Ratings act as a benchmark for assessing a rated organizations financial strength. Not rated. Very weak. There may be elements of danger regarding the payment of obligations. No opinion is expressed about the firm's financial condition. You need business auto insurance to cover your vehicles. Excellent. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings. Very strong. Pacific Specialty Insurance Company has been recognized by A.M. Best as a business that responds congruously in the face of loss. Without insurance, those costs would be compounded by employee medical expenses and missed wages. This structure has served to instill a tremendous work ethic and attention to serving its clients needs at the very highest of standards within the company which in turn has generated tremendous growth. The A.M. Best Ratings represent a cumulative feedback scale of the success and business acumen of over 3,400 companies in 90 countries worldwide. Southern Pioneer Property & Casualty Insurance Company has 30 total employees across all of its locations and generates $14.70 million in sales (USD). The life/health operating subsidiaries include Life of the South Insurance Company (Athens, GA), Bankers Life Insurance Company of Louisiana (Marksville, LA) and Southern Financial Life Insurance Company (Scottsville, KY), which are collectively referred to as Life of the South Group. NR. The group of insurers includes the following companies: Comments are requested on the draft updates for Best's Credit Rating Methodology (BCRM) and the criteria procedure "Available Capital and Holding Company AM Best Comments on Credit Ratings of Pacific LifeCorp and Its Rated Insurance Subsidiaries: May 09, 2018: A.M. Best Upgrades Issuer Credit Ratings of Members of Pacific Life Group: Oct 23, 2017: A.M. Best Assigns Issue Credit Rating to Pacific Life Insurance Company's Forthcoming Surplus Notes: Jan 06, 2017 Lowest security. SOPAC has achieved 100% year on year increases in net written premium for the past 4 consecutive years and has been accepted as an approved reinsurance security by numerous African insurance companies. These ratings also reflect Fortegra Indemnitys strategic role within the consolidated organization as a captive reinsurer that assumes almost all of the credit property exposure held by Fortegra P&C Group, net of external reinsurance. Once you Best's Credit Report Sections (Rating Rationale and Commentary). The term "Rating Unit" identifies individual insurers or a consolidation of member companies that are assigned the same Best's Credit Rating. Reasonable ability to meet obligations. Very strong financial security. Pacific Specialty Insurance Company is recognized as an industry leader in residential property, motorcycle and personal watercraft coverage. Significant risk, even in a stable economy. Good security. Thank You! If you only want specific States or Provinces, then don't include Canada or United States. Date: February 27, 2023. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. u Denotes Weak. - financial data included in Best's Financial Report reflects the most current data available to AM Best, including updated financial exhibits and additional company information, and is available to subscribers of Best's Insurance Reports. Highly safe. The business profile maintains favorable diversification by individual product, although the overall book is concentrated moderately in credit property risks. var bbbprotocol = ( ("https:" == document.location.protocol) ? this structure. Yes, Pacific Specialty Insurance Company is an insurance company. Fagatogo Square Suite 210 Pago Pago, AS 96799 Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Company Name: Southern Pacific Insurance Corporation Established: 2007 Address: P.O. Please enable it to use If an employee dies, Workers' Comp can cover funeral costs and benefits to the worker's family. Very weak financial security. Pago Pago, American Samoa 96799. September 16, 2021 09:39 AM (EDT) Oldwick //BestWire// - AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of the U.S.-based operating subsidiaries of Fortegra Financial Corporation (Fortegra) (headquartered in Jacksonville, FL). Fax: 714-998-3158, 5515 E. La Palma Ave. Ste. This rating comes despite a claim heavy 2017, due to wildfires, winter storms, and hurricane devastation. Most P&I forms offer payments for loss of life, injury, illness, hospital, and medical expenses, But we can custom fit your policy to your needs. Enable it to use if an employee dies, Workers ' Comp can cover funeral and! Has been recognized by A.M. Best as a benchmark for assessing a rated organizations financial strength this time in face... Rating Services website for a complete overview of our Rating process and.! Superior ability to meet obligations may not be adequate for long-term policies expressed the! 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