December 2014
A.M. Best
Credit Ratings
Non-U.S.
A.M. Best
December 2014
A.M. Best Credit Ratings (Non-U.S.)
T
his report includes credit ratings for all Non-U.S. companies
rated by A.M. Best Company, as
well as their Outlooks and Implications.
Credit ratings consist of the Financial
Strength Rating (FSR) and Issuer Credit
Rating (ICR) for each company.
Detailed reports, including rationales, are made available to subscribers on our website shortly after ratings are released. These company
reports have been considerably
enhanced, reflecting expanded financial analysis and commentary. For
explanations of rating terminology,
refer to the Guides to Best’s Ratings
following this report.
Credit ratings are effective as of
30 November, 2014. For current ratings please visit www.ambest.com.
AMB# Name
Algeria
090777 Compagnie Centrale de Réassurance
Anguilla
090585 Nagico Insurance Company Limited
Antigua And Barbuda
013025 Caribbean Alliance Insurance Company Limited
Argentina
077351 American Home Assurance Company (Argentina Branch)
093224 Starr Indemnity & Liability Company (Argentina Branch)
Australia
091420 AIG Australia Limited
086552 Ansvar Insurance Limited
086085 Chubb Insurance Company of Australia Limited
Country Totals
Algeria . . . . . . . . . . . . . . . . . . . . . . 1
Anguilla . . . . . . . . . . . . . . . . . . . . . 1
Antigua and Barbuda . . . . . . . . . . . 1
Argentina . . . . . . . . . . . . . . . . . . . . 2
Australia . . . . . . . . . . . . . . . . . . . . 9
Austria . . . . . . . . . . . . . . . . . . . . . . 1
Azerbaijan . . . . . . . . . . . . . . . . . . . 1
Bahamas . . . . . . . . . . . . . . . . . . . . 6
Bahrain . . . . . . . . . . . . . . . . . . . . 11
Barbados . . . . . . . . . . . . . . . . . . . 22
Belgium . . . . . . . . . . . . . . . . . . . . . 2
Bermuda . . . . . . . . . . . . . . . . . . . 93
Bhutan . . . . . . . . . . . . . . . . . . . . . . 1
Bosnia and Herzegovina . . . . . . . . . 1
Brazil . . . . . . . . . . . . . . . . . . . . . . . 6
British Virgin Islands . . . . . . . . . . . 1
Canada . . . . . . . . . . . . . . . . . . . . . 165
Cayman Islands . . . . . . . . . . . . . . 19
China . . . . . . . . . . . . . . . . . . . . . . 10
Costa Rica . . . . . . . . . . . . . . . . . . . 2
Dominican Republic . . . . . . . . . . . 1
Ecuador . . . . . . . . . . . . . . . . . . . . . 1
Egypt . . . . . . . . . . . . . . . . . . . . . . . 1
El Salvador . . . . . . . . . . . . . . . . . . . 1
Finland . . . . . . . . . . . . . . . . . . . . . 1
France . . . . . . . . . . . . . . . . . . . . . 10
Germany . . . . . . . . . . . . . . . . . . . 21
Ghana . . . . . . . . . . . . . . . . . . . . . . 1
Guam . . . . . . . . . . . . . . . . . . . . . . . 5
Guernsey . . . . . . . . . . . . . . . . . . . . 4
Honduras . . . . . . . . . . . . . . . . . . . . 1
Hong Kong . . . . . . . . . . . . . . . . . . 16
India . . . . . . . . . . . . . . . . . . . . . . . . 5
Indonesia . . . . . . . . . . . . . . . . . . . . 2
Ireland . . . . . . . . . . . . . . . . . . . . . 21
Isle of Man . . . . . . . . . . . . . . . . . . . 1
Italy . . . . . . . . . . . . . . . . . . . . . . . . 2
Jamaica . . . . . . . . . . . . . . . . . . . . . 1
Japan . . . . . . . . . . . . . . . . . . . . . . 14
Jordan . . . . . . . . . . . . . . . . . . . . . . 5
Kazakhstan . . . . . . . . . . . . . . . . . . 7
Ultimate Parent
Nagico Holdings Limited
American International Group, Inc
Allchurches Trust Limited
The Chubb Corporation
Kenya . . . . . . . . . . . . . . . . . . . . . . . 3
Kuwait . . . . . . . . . . . . . . . . . . . . . . 3
Lebanon . . . . . . . . . . . . . . . . . . . . . 5
Liechtenstein . . . . . . . . . . . . . . . . 3
Luxembourg . . . . . . . . . . . . . . . . . 8
Macau . . . . . . . . . . . . . . . . . . . . . . 5
Malaysia . . . . . . . . . . . . . . . . . . . . . 9
Malta . . . . . . . . . . . . . . . . . . . . . . . 3
Mexico . . . . . . . . . . . . . . . . . . . . . 10
Micronesia, Federated States of . . . 1
Morocco . . . . . . . . . . . . . . . . . . . . 1
Nepal . . . . . . . . . . . . . . . . . . . . . . . 2
Netherlands . . . . . . . . . . . . . . . . . . 2
New Zealand . . . . . . . . . . . . . . . . 37
Nigeria . . . . . . . . . . . . . . . . . . . . . . 4
Oman . . . . . . . . . . . . . . . . . . . . . . . 3
Pakistan . . . . . . . . . . . . . . . . . . . . . 2
Panama . . . . . . . . . . . . . . . . . . . . 10
Philippines . . . . . . . . . . . . . . . . . . . 3
Poland . . . . . . . . . . . . . . . . . . . . . . 1
Puerto Rico . . . . . . . . . . . . . . . . . 29
Qatar . . . . . . . . . . . . . . . . . . . . . . . 5
Russia . . . . . . . . . . . . . . . . . . . . . . . 5
Saudi Arabia . . . . . . . . . . . . . . . . . . 2
Singapore . . . . . . . . . . . . . . . . . . . 13
Slovenia . . . . . . . . . . . . . . . . . . . . . 3
South Africa . . . . . . . . . . . . . . . . . . 1
South Korea . . . . . . . . . . . . . . . . . 11
Spain . . . . . . . . . . . . . . . . . . . . . . . 7
St. Lucia . . . . . . . . . . . . . . . . . . . . . 1
St. Maarten . . . . . . . . . . . . . . . . . . . 1
Sweden . . . . . . . . . . . . . . . . . . . . . 1
Switzerland . . . . . . . . . . . . . . . . . 15
Taiwan . . . . . . . . . . . . . . . . . . . . . . 5
Thailand . . . . . . . . . . . . . . . . . . . . . 2
Trinidad and Tobago . . . . . . . . . . . 3
Tunisia . . . . . . . . . . . . . . . . . . . . . . 1
Turkey . . . . . . . . . . . . . . . . . . . . . . 1
United Arab Emirates . . . . . . . . . . 15
United Kingdom . . . . . . . . . . . . . 62
Vietnam . . . . . . . . . . . . . . . . . . . . . 5
ICR
Outlook/
Implication
FSR
Outlook/
Implication
bbb-
Stable
B+
Stable
bbb
Stable
B++
Stable
a
Stable
A
Stable
a
a
Stable
Stable
A
A
Stable
Stable
a
aaa+
Stable
Stable
Positive
A
AA++
Stable
Stable
Stable
Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS RESERVED. No part of this report or document may be distributed
in any electronic form or by any means, or stored in a database or retrieval system, without the prior written permission of the A.M. Best
Company. For additional details, refer to our Terms of Use available at the A.M. Best Company website: www.ambest.com/terms.
A.M. Best’s Non-U.S. Credit Ratings
AMB# Name
Ultimate Parent
ICR
Outlook/
Implication
FSR
Outlook/
Implication
First American Financial Corporation
Berkshire Hathaway Inc
Berkshire Hathaway Inc
The Pharmacy Guild of Australia
GRAMAR Family Holdings Pty Ltd
QBE Insurance Group Limited
aaa+
aa+
abbb
a
Positive
Stable
Stable
Positive
Stable
Negative
AA++
A++
AB++
A
Positive
Stable
Stable
Positive
Stable
Negative
Office National du Ducroire
a-
Stable
A-
Stable
AzRe Reinsurance, OJSC
bbb-
Stable
B+
Stable
Edmund Gibbons Limited
Bahamas First Holdings Limited
AF Holdings Ltd.
FamGuard Corporation Limited
aaaaa
a-
Stable
Stable
Stable
Stable
Stable
Stable
AAAAA
A-
Stable
Stable
Stable
Stable
Stable
Stable
aa+
abbb+
bbb+
abbb+
bbb+
abbb
bbb
a-
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
A++
AB++
B++
AB++
B++
AB++
B++
A-
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Reinsurance Group of America Inc
Reinsurance Group of America Inc
Royal Bank of Canada
Sagicor Financial Corporation
Sagicor Financial Corporation
Sagicor Financial Corporation
Bank of Nova Scotia
Toronto-Dominion Bank
Fairfax Financial Holdings Limited
bbba+
aa
a+
a
a
bbbaa+
aa
aaaaaaaa+
aaaa+
a+
a-
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
B+
A
A+
A
A
A
B+
AA
A+
AAAA+
A+
A
AAAA
A
A-
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Cigna Corporation
Cigna Corporation
a
a
Stable
Stable
A
A
Stable
Stable
ACE Limited
ACE Limited
ACE Limited
Michael Karfunkel Grantor Annuity Trust
Aetna Inc.
ageas SA/NV
Allied World Assurance Co Holdings AG
Ally Financial Inc
American Contractors Insurance Group Ltd
American International Group, Inc
AmerInst Insurance Group, Ltd
AmTrust Financial Services, Inc
Arch Capital Group Ltd.
aa+
aa+
aa+
a- u
a+
aa+
bbb+
a+
a
bbb+
a
aa-
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
A++
A++
A++
A- u
A
AA
B++
A
A
B++
A
A+
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
australia (continued)
086993 First American Title Insurance Company of Australia Pty Limited
086052 General Reinsurance Australia Ltd
086652 General Reinsurance Life Australia Ltd.
077834 Guild Insurance Limited
078302 Pacific International Insurance Pty Limited
084314 QBE Insurance (International) Ltd
Austria
090599 Garant Versicherungs-Aktiengesellschaft
Azerbaijan
093787 AzRe Reinsurance, OJSC
Bahamas
086819 Atlantic Medical Insurance Limited
086960 Bahamas First General Insurance Company Limited
089077 Colina Insurance Limited
087111 Family Guardian Insurance Company Limited
087888 RoyalStar Assurance Limited
086820 Security and General Insurance Company Limited
Bahrain
091291 ACE American Insurance Company (Bahrain Branch)
090059 ACR ReTakaful MEA B.S.C. (c)
085013 Arab Insurance Group (B.S.C.)
091313 ARABIA Insurance Company S.A.L. (Bahrain Branch)
085489 Bahrain Kuwait Insurance Company B.S.C.
087928 The Bahrain National Insurance Company BSC (c)
077623 Life Insurance Corporation (International) B.S.C. (c)
092328 The Mediterranean & Gulf Insurance & Reinsurance Company Medgulf B.S.C. (c)
091840 Solidarity General Takaful BSC (c)
090250 Takaful International Company BSC
086326 Trust International Insurance & Reinsurance Company B.S.C. (c) Trust Re
Barbados
093065 Active Capital Reinsurance, Ltd.
056229 BMO Reinsurance Limited
093560 The Canada Life Assurance Company (Barbados Branch)
072561 CIBC Reinsurance Company Limited
086477 DuraRock Reinsurance, Ltd.
085496 Energy Insurance Mutual Limited
090932 Harmony General Insurance Company Ltd.
086555 Insurance Corporation of Barbados Limited
077342 London Life and Casualty (Barbados) Corporation
093559 London Life Insurance Company (Barbados Branch)
086916 Massy United Insurance Ltd.
093077 Ocean International Reinsurance Company Limited
093682 Optimum Reassurance Inc. (Barbados Branch)
073316 RGA Americas Reinsurance Company, Ltd.
090222 RGA Atlantic Reinsurance Company, Ltd.
086956 Royal Bank of Canada Insurance Company Ltd
086658 Sagicor Capital Life Insurance Company Limited
086979 Sagicor General Insurance Inc.
086569 Sagicor Life Inc.
057051 Scotia Insurance (Barbados) Limited
056952 TD Reinsurance (Barbados) Inc.
086298 Wentworth Insurance Company Limited
Belgium
089527 CIGNA Europe Insurance Company S.A. - N.V.
083121 CIGNA Life Insurance Company of Europe S.A.-N.V.
Bermuda
086361 ACE Bermuda Insurance Ltd.
077030 ACE Tempest Life Reinsurance Ltd.
090938 ACE Tempest Reinsurance Ltd.
091620 ACP Re Ltd
077031 Aetna Life & Casualty (Bermuda) Ltd.
087137 Ageas Insurance Company (Asia) Limited
084808 Allied World Assurance Company, Ltd
051687 Ally International Insurance Company, Ltd.
086794 American Contractors Insurance Group Ltd
085197 American International Reinsurance Company, Ltd.
088936 AmerInst Insurance Company, Ltd.
050300 AmTrust International Insurance, Ltd.
075169 Arch Reinsurance Ltd
Edmund Gibbons Limited
ACR ReTakaful Holdings Limited
Arab Insurance Group (B.S.C.)
Gulf Insurance Group K.S.C.P.
Bahrain National Holding Company BSC
Life Insurance Corporation of India
LFZ Holding S.A.L.
Solidarity Group Holding BSC (c)
Nest Investments (Holdings) Limited
Active Capital Holdings Corp.
Bank of Montreal
Canadian Imperial Bank of Commerce
Matthew T. Moroun
Energy Insurance Mutual Limited
ABH Holdings Inc.
BF&M Limited
Great-West Lifeco Inc
Neal & Massy Holdings Limited
December 2014
2
A.M. Best’s Non-U.S. Credit Ratings
AMB# Name
Ultimate Parent
ICR
Outlook/
Implication
FSR
Outlook/
Implication
Universal Forest Products Inc
Argo Group International Holdings, Ltd
Argus Group Holdings Limited
Aspen Insurance Holdings Limited
aa
bbb
a
a
bbb+
aaabbb
a
a
a+
a
bb- u
a
aa+
aa
aaaaaa+
bbb+
bbb+
a+ u
a
aaaaa
a
a
aaaaaa
a+
a+
aaaa
bbb+
aa
a
aaa
a
a+
aaa
aaaaau
aaabbb+
a
aa- u
au
au
bb
a
aa u
a-
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Positive
Negative
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Developing
Negative
Stable
Positive
Stable
Negative
Negative
Negative
Negative
Stable
Negative
Stable
AA
B++
A
A
B++
AA+
B++
A
A
A
A
B- u
A
A++
AA
AAAAA++
B++
B++
A u
A
A+
A+
A
A
A
AA+
A+
A
A
A
AAAA
B++
AA
A
AAA
A
A
AAA
AAA+
A u
AA+
B++
A
A+ u
A u
A u
B
A
A+ u
A-
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Negative
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Developing
Negative
Stable
Positive
Stable
Negative
Negative
Negative
Negative
Stable
Negative
Stable
bermuda (continued)
075126
013313
090076
083210
085055
090645
088598
084766
086636
084739
084740
057610
073621
078308
084805
086200
083735
073205
086816
086817
086818
061738
086156
073497
072100
084749
084835
086863
087869
073684
086347
076117
091712
088859
085314
073622
085067
078142
057453
093605
077852
078528
072847
088623
078141
075594
091769
078772
087119
084809
073148
071222
071223
086627
086605
091744
084424
084985
086494
056478
088589
056736
086357
086548
018057
091730
013930
078618
087871
Ardellis Insurance Ltd
Argo Re Ltd.
Argus Insurance Company Limited
Aspen Bermuda Limited
Associated Electric & Gas Insurance Services Limited (AEGIS)
Athene Life Re
Aurigen Reinsurance Limited
AXIS Specialty Limited
Bermuda Life Insurance Company Limited
BF&M General Insurance Company Limited
BF&M Life Insurance Company Limited
BNY Trade Insurance Ltd.
Castle Harbour Insurance Limited
CastlePoint Reinsurance Company Limited
Catlin Insurance Company Limited
Chubb Atlantic Indemnity Ltd.
Citadel Reinsurance Company Limited
Coastal Medical Insurance Ltd.
Colonial Insurance Company Limited
Colonial Life Assurance Company Limited
Colonial Medical Insurance Company Limited
Commonwealth Annuity and Life Reinsurance Company, Ltd.
Corporate Officers & Directors Assurance Ltd.
Crown Global Life Insurance (Bermuda) Limited
Crown Global Life Insurance Limited
DaVinci Reinsurance Ltd
Endurance Specialty Insurance Ltd.
Everest International Reinsurance, Ltd.
Everest Reinsurance (Bermuda), Ltd.
Evergreen Insurance Company Limited
Genesis Limited
Global Indemnity Reinsurance Company Ltd.
Hamilton Re, Ltd.
Hannover Life Reassurance Bermuda Limited
Hannover Re (Bermuda) Ltd.
Harrington Sound Insurance Limited
Heddington Insurance Limited
Hiscox Insurance Company (Bermuda) Limited
IAT Reinsurance Company Ltd.
INPEX Insurance, Ltd.
International General Insurance Company Limited
Ironshore Insurance Ltd.
Isosceles Insurance Ltd.
JRG Reinsurance Company Ltd.
Lancashire Insurance Company Limited
Lantana Insurance Ltd
Lion Reinsurance Company Limited
Maiden Reinsurance Ltd.
Markel Bermuda Limited
Montpelier Reinsurance Ltd.
MS Frontier Reinsurance Ltd
NEWGT Reinsurance Company, Ltd.
Nissan Global Reinsurance, Ltd.
North Rock Insurance Company Limited
Oil Casualty Insurance, Ltd
PaCRe Ltd.
Partner Reinsurance Company Ltd.
Platinum Underwriters Bermuda, Ltd
PMG Assurance Ltd.
Queen’s Island Insurance Company Ltd.
R.V.I. Guaranty Co., Ltd.
Rembrandt Insurance Company, Ltd.
Renaissance Reinsurance Ltd.
RenaissanceRe Specialty Risks Ltd.
RenaissanceRe Specialty U.S. Ltd.
Sorford Surety Insurance Co. Ltd.
Starr Insurance & Reinsurance Limited
State Farm International Life Insurance Company Ltd.
The Stuart Insurance Group, Ltd.
Athene Holding Ltd.
Aurigen Capital Limited
AXIS Capital Holdings Limited
Argus Group Holdings Limited
BF&M Limited
BF&M Limited
Bank of New York Mellon Corp
Schlumberger Limited
Michael Karfunkel Grantor Annuity Trust
Catlin Group Limited
The Chubb Corporation
Sirius International Limited
Meridian Health System, Inc.
Edmund Gibbons Limited
Edmund Gibbons Limited
Edmund Gibbons Limited
Global Atlantic Financial Group Ltd
ACE Limited
Crown Global Ins Group LLC
Crown Global Ins Group LLC
RenaissanceRe Holdings Ltd
Endurance Specialty Holdings Ltd.
Everest Re Group, Ltd
Everest Re Group, Ltd
Evergreen International S.A.
Global Indemnity plc
Hamilton Insurance Group, Ltd.
HDI V.a.G.
HDI V.a.G.
Schlumberger Limited
Chevron Corporation
Hiscox Ltd
IAT Reinsurance Company Ltd.
INPEX CORPORATION
International General Insur Holdings Ltd
Ironshore Inc.
Jardine Lloyd Thompson Group plc
Franklin Holdings (Bermuda) Ltd.
Lancashire Holdings Limited
QBE Insurance Group Limited
Grupo ASSA, S.A.
Maiden Holdings, Ltd.
Markel Corporation
Montpelier Re Holdings Ltd.
MS&AD Insurance Group Holdings, Inc.
ITOCHU Corporation
Nissan Motor Co., Ltd.
CNA Financial Corporation
Validus Holdings, Ltd.
PartnerRe Ltd
Platinum Underwriters Holdings Ltd
Sony Corporation
W. R. Berkley Corporation
Quantum Partners Ltd.
Vitol Holding B V
RenaissanceRe Holdings Ltd
RenaissanceRe Holdings Ltd
RenaissanceRe Holdings Ltd
IBT Group, LLC
Starr International Company, Inc.
State Farm Mutual Automobile Ins Co
December 2014
3
A.M. Best’s Non-U.S. Credit Ratings
AMB# Name
Ultimate Parent
ICR
Outlook/
Implication
FSR
Outlook/
Implication
Third Point Reinsurance Ltd.
Through Transport Mutual Ins Assoc Ltd
State Farm Mutual Automobile Ins Co
Enstar Group Limited
SGS SA
Validus Holdings, Ltd.
Watford Holding Ltd.
Wilton Re Limited
XL Group plc
XL Group plc
XL Group plc
aaaa- u
aa
a
aa
a
aa
Stable
Stable
Negative
Negative
Stable
Stable
Stable
Stable
Positive
Stable
Positive
AAA+ u
AA
A
AA
A
AA
Stable
Stable
Negative
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Stable
bbb-
Stable
B+
Stable
bbb-
Stable
B+
Stable
a
bbb+
aaabbb
Stable
Stable
Stable
Stable
Stable
Stable
A
B++
AAAB++
Stable
Stable
Stable
Stable
Stable
Stable
bbb-
Stable
B+
Stable
aa+
a+
aa
a
aaa+
aaaa
aaaaa
aaa
aaaa+ u
aaaaaaaaaa
aa+
aa+
aa
au
a
a
a
a
aa+
a
aaaa
a
aa- u
a+
a
a
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Developing
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Developing
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
A++
A
A+
A
A+
A
A+
AA
AAA+
A
A+
A
AAAA u
A+
A+
A+
A+
AA
A++
A++
A+
A u
A
A
A
A
A++
A
AA+
A
A
AA- u
A
A
A
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Developing
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Developing
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
bermuda (continued)
091695 Third Point Reinsurance Company Ltd.
087148 Through Transport Mutual Insurance Association Limited
087157 Top Layer Reinsurance Ltd
088985 Torus Insurance (Bermuda) Limited
056115 Transmonde Services Insurance Company Limited
078113 Validus Reinsurance, Ltd.
022019 Watford Re Ltd
077621 Wilton Reinsurance Bermuda Limited
085633 XL Insurance (Bermuda) Ltd
073313 XL Life Ltd
086106 XL Re Ltd
Bhutan
093021 Royal Insurance Corporation of Bhutan Limited
Bosnia And Herzegovina
088596 Bosna Reosiguranje d.d. Sarajevo
Brazil
093335 Allianz Global Corporate & Specialty Resseguros Brasil S.A.
092459 Austral Resseguradora S.A.
085590 IRB Brasil Resseguros S.A.
077762 J.Malucelli Seguradora S.A.
091509 J.Malucelli Resseguradora S.A.
092722 Terra Brasis Resseguros
British Virgin Islands
073921 StateTrust Life and Annuities, Ltd.
Canada
085760 ACE INA Insurance
069358 Aetna Life Insurance Company (Canada Branch)
087009 Affiliated FM Insurance Company (Canada Branch)
085727 AIG Insurance Company of Canada
066502 Allianz Global Risks US Insurance Company (Canada Branch)
069312 Allianz Life Insurance Company of North America (Canada Branch)
085754 Allstate Insurance Company (Canada Branch)
084955 American Agricultural Insurance Company (Canada Branch)
087038 American Bankers Insurance Company of Florida (Canada Branch)
069313 American Bankers Life Assurance Company of Florida (Canada Branch)
066870 American Health and Life Insurance Company (Canada Branch)
069314 American Income Life Insurance Company (Canada Branch)
087768 The American Road Insurance Company (Canada Branch)
066513 Arch Insurance Canada Ltd.
066535 Associated Electric & Gas Insurance Services Limited (Canada Branch)
008074 Assumption Mutual Life Insurance Company
066882 Assurant Life of Canada
066889 Aurigen Reinsurance Company
085748 Aviva Insurance Company of Canada
066819 AXA Equitable Life Insurance Company (Canada Branch)
066541 AXIS Reinsurance Company (Canada Branch)
085706 Belair Insurance Company Inc.
066525 Berkley Insurance Company (Canada Branch)
068557 Blue Cross Life Insurance Company of Canada
066835 BMO Life Assurance Company
085707 The Boiler Inspection and Insurance Company of Canada
084294 Caisse Centrale de Reassurance (Canada Branch)
006183 The Canada Life Assurance Company
066801 Canadian Premier Life Insurance Company
066881 Canassurance Hospital Service Association
066878 Canassurance Insurance Company
067675 Cherokee Insurance Company (Canada Branch)
087740 Chicago Title Insurance Company (Canada Branch)
085725 Chubb Insurance Company of Canada
006290 Co-operators Life Insurance Company
086547 Coachman Insurance Company
069320 Combined Insurance Company of America (Canada Branch)
069322 Connecticut General Life Insurance Company (Canada Branch)
086431 Continental Casualty Company (Canada Branch)
085735 Co-operators General Insurance Company
086558 CorePointe Insurance Company (Canada Branch)
066546 Darwin National Assurance Company (Canada Branch)
085739 The Dominion of Canada General Insurance Company
085154 Ecclesiastical Insurance Office plc (Canada Branch)
Allianz SE
Austral Participações S.A.
IRB Brasil Resseguros S.A.
Parana Banco S.A.
Parana Banco S.A.
ACE Limited
American International Group, Inc
Arch Capital Group Ltd.
Assurant Inc
Aurigen Capital Limited
Aviva plc
Intact Financial Corporation
Bank of Montreal
Munich Reinsurance Company
Great-West Lifeco Inc
Aegon N.V.
Canassurance Hospital Service Assn
Canassurance Hospital Service Assn
The Chubb Corporation
The Co-operators Group Limited
Province of Saskatchewan
The Co-operators Group Limited
Travelers Companies, Inc.
December 2014
4
A.M. Best’s Non-U.S. Credit Ratings
AMB# Name
Ultimate Parent
ICR
Outlook/
Implication
FSR
Outlook/
Implication
EGI Financial Holdings Inc.
Economical Mutual Insurance Company
bbb+
aa+
a+ u
a
a
aaaaaaaaa
aa+
a
aa
aaaaa+
aa+
a
aaaa
a
aaa+
aa+
aaa+
bbb
aaaaaaaaaa+
a
a
a
a
aa
bbbaaaaa
aa
bbb+
aaaaaaaaaa
aaaaa
aaa
a
a
aaa+
a
aaaaaaaabbba+ u
aa-
Stable
Stable
Stable
Developing
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Developing
Stable
B++
AA
A u
A
A
AA+
A+
A+
A+
A++
A
AA
AA+
A++
A++
A
A+
A+
A
A+
A
AA
A+
A
B++
A+
A+
A+
A+
A++
A
A
A
A
A+
B+
A+
A+
A
A+
B++
A+
A+
A+
AA++
A+
A++
A+
A
A
A
A+
A
A
AAAAA+
A+
B+
A u
A+
Stable
Stable
Stable
Developing
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Developing
Stable
canada (continued)
087031
085741
066520
085742
006329
087032
066867
087011
087033
087034
087010
087730
085503
086813
066893
066847
066822
069319
087042
066871
087045
006493
085021
086980
087049
069326
060132
006554
066533
087054
086334
085758
086618
066511
066815
087058
069357
087060
069330
006667
087062
006688
069336
066542
087065
087066
087013
085770
066862
087068
066501
087071
069340
085757
085767
085732
085738
086427
087098
086563
087724
087091
066827
087019
066891
067484
086955
085779
060156
Echelon General Insurance Company
Economical Mutual Insurance Company
Electric Insurance Company (Canada Branch)
Elite Insurance Company
The Empire Life Insurance Company
Employers Insurance Company of Wausau (Canada Branch)
Employers Reassurance Corporation (Canada Branch)
Euler Hermes North America Insurance Company (Canada Branch)
Everest Insurance Company of Canada
Everest Reinsurance Company (Canada Branch)
Factory Mutual Insurance Company (Canada Branch)
Federal Insurance Company (Canada Branch)
Federated Insurance Company of Canada
First American Title Insurance Company (Canada Branch)
First Canadian Insurance Corporation
Foresters Life Insurance Company
General American Life Insurance Company (Canada Branch)
General Re Life Corporation (Canada Branch)
General Reinsurance Corporation (Canada Branch)
Gerber Life Insurance Company (Canada Branch)
Great American Insurance Company (Canada Branch)
The Great-West Life Assurance Company
The Guarantee Company of North America
Hannover Rueck SE (Canada Branch)
Hartford Fire Insurance Company (Canada Branch)
Hartford Life Insurance Company (Canada Branch)
The Independent Order of Foresters
Industrial Alliance Insurance and Financial Services Inc.
Industrial Alliance Pacific General Insurance Corporation
The Insurance Company of Prince Edward Island
Intact Assurances agricoles inc
Intact Insurance Company
Jevco Insurance Company
Jewelers Mutual Insurance Company (Canada Branch)
Knights of Columbus (Canada Branch)
Lawyers’ Professional Indemnity Company
Liberty Life Assurance Company of Boston (Canada Branch)
Liberty Mutual Insurance Company (Canada Branch)
Life Insurance Company of North America (Canada Branch)
London Life Insurance Company
Lumbermen’s Underwriting Alliance (Canada Branch)
The Manufacturers Life Insurance Company
Metropolitan Life Insurance Company (Canada Branch)
Millennium Insurance Corporation
Mitsui Sumitomo Insurance Company Limited (Canada Branch)
Motors Insurance Corporation (Canada Branch)
Munich Reinsurance America, Inc. (Canada Branch)
Munich Reinsurance Company of Canada
Munich Reinsurance Company (Canada Branch)
The Mutual Fire Insurance Company of British Columbia
National Liability & Fire Insurance Company (Canada Branch)
Nationwide Mutual Insurance Company (Canada Branch)
New York Life Insurance Company (Canada Branch)
The Nordic Insurance Company of Canada
Northbridge Commercial Insurance Corporation
Northbridge General Insurance Corporation
Northbridge Personal Insurance Corporation
Novex Insurance Company
Odyssey Reinsurance Company (Canada Branch)
Old Republic Insurance Company of Canada
Optimum Farm Insurance Inc
Optimum Insurance Company Inc
Optimum Reassurance Inc.
Optimum West Insurance Company
Partner Reinsurance Company Ltd. (Canada Branch)
Partner Reinsurance Europe SE CAB
Peace Hills General Insurance Company
Pilot Insurance Company
Primerica Life Insurance Company of Canada
Aviva plc
E-L Financial Corp Ltd
Everest Re Group, Ltd
Fairfax Financial Holdings Limited
Firstcan Management, Inc.
Independent Order of Foresters
Great-West Lifeco Inc
Princeton Holdings Limited
Independent Order of Foresters
Industrial Alliance Ins & Financial Svcs
Industrial Alliance Ins & Financial Svcs
EGI Financial Holdings Inc.
Intact Financial Corporation
Intact Financial Corporation
Intact Financial Corporation
Law Society of Upper Canada
Great-West Lifeco Inc
Manulife Financial Corporation
Firstcan Management, Inc.
Munich Reinsurance Company
Intact Financial Corporation
Fairfax Financial Holdings Limited
Fairfax Financial Holdings Limited
Fairfax Financial Holdings Limited
Intact Financial Corporation
Old Republic International Corporation
Optimum Group Inc
Optimum Group Inc
Optimum Group Inc
Optimum Group Inc
Samson Cree Nation
Aviva plc
Primerica Inc
December 2014
5
A.M. Best’s Non-U.S. Credit Ratings
AMB# Name
ICR
Outlook/
Implication
FSR
Outlook/
Implication
Fairfax Financial Holdings Limited
aaaa
aaa
a
aaa+ u
aaaa+
aa+
a+
a+ u
aaaaa
aaaaaaaa u
aa+
aaaaaaaaaaaaaa+
a+ u
aaa- u
a+
a
aa+
aa
aabbbaaa
aaaaaaau
a
a
a
Stable
Stable
Stable
Stable
Positive
Stable
Developing
Stable
Stable
Stable
Stable
Stable
Developing
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Developing
Stable
Developing
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Negative
Positive
Positive
Stable
A+
A+
A+
A
A
A+
A u
A+
A++
AA
A
A u
A+
AAA
A+
AAA+
A+ u
A++
AA+
A+
A+
AA+
A+
A++
A u
A+
A- u
A
A
A++
AA
A+
B+
AAA
A+
AAA+
A u
A
A
A
Stable
Stable
Stable
Stable
Stable
Stable
Developing
Stable
Stable
Stable
Stable
Stable
Developing
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Developing
Stable
Developing
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Atlantic Health System
BMI Financial Group, Inc.
Edmund Gibbons Limited
Caring Communities, a Reciprocal RRG
Bahamas First Holdings Limited
Schlumberger Limited
ProAssurance Corporation
Flexpoint Ultimate Mgmt II (Cayman) Ltd.
Greenlight Capital Re, Ltd.
Pan-American Life Mutual Holding Company
ITA International Holdings LLC
BF&M Limited
Don R. Hankey Trust
MetLife Inc
NextEra Energy, Inc.
Phillips 66
abbb+
aa
aa
a
a
a
a
bbb+
a
aaa
a
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Negative
Stable
Stable
Stable
AB++
AA
AA
A
A
A
A
B++
A
AAA
A
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Ultimate Parent
Canada (continued)
069355 Principal Life Insurance Company (Canada Branch)
087742 Progressive Casualty Insurance Company (Canada Branch)
087082 Protective Insurance Company (Canada Branch)
066806 RBC Life Insurance Company
066843 ReliaStar Life Insurance Company (Canada Branch)
066817 RGA Life Reinsurance Company of Canada
066504 S&Y Insurance Company
066521 Safety National Casualty Corporation (Canada Branch)
085306 St. Paul Fire and Marine Insurance Company (Canada Branch)
085787 Saskatchewan Mutual Insurance Company
085445 SCOR Canada Reinsurance Company
066849 SCOR Global Life (Canada Branch)
085788 Scottish & York Insurance Company, Limited
087090 Sentry Insurance A Mutual Company (Canada Branch)
085786 SGI CANADA
086846 SGI CANADA Insurance Services Limited
087035 Sirius America Insurance Company (Canada Branch)
085142 Sompo Japan Insurance Inc. (Canada Branch)
085791 The Sovereign General Insurance Company
066903 SSQ Life Insurance Company, Inc.
087095 State Farm Fire and Casualty Company (Canada Branch)
066884 State Farm International Life Insurance Company Ltd. (Canada Branch)
087096 State Farm Mutual Automobile Insurance Company (Canada Branch)
086568 Stewart Title Guaranty Company (Canada Branch)
007101 Sun Life Assurance Company of Canada
066833 Swiss Reinsurance Company (Canada Branch)
085152 Swiss Reinsurance Company (Canada Branch)
089747 T.H.E. Insurance Company (Canada Branch)
085755 Temple Insurance Company
087793 The Toa Reinsurance Company of America (Canada Branch)
085141 Tokio Marine and Nichido Fire Insurance Company Limited (Canada Branch)
085795 Traders General Insurance Company
086189 Trafalgar Insurance Company of Canada
066805 Transamerica Life Canada
087099 Transatlantic Reinsurance Company (Canada Branch)
057080 Transportation Property and Casualty Company Inc.
086417 Travelers Insurance Company of Canada
066523 Trisura Guarantee Insurance Company
066537 Triton Insurance Company (Canada Branch)
069354 United American Insurance Company (Canada Branch)
066816 The Order of United Commercial Travelers of America (Canada Branch)
086430 Virginia Surety Company, Inc. (Canada Branch)
085801 Waterloo Insurance Company
060079 Wawanesa Life Insurance Company
085802 The Wawanesa Mutual Insurance Company
066506 Western Financial Insurance Company
066802 Western Life Assurance Company
086127 Westport Insurance Corporation (Canada Branch)
085753 Wynward Insurance Group
066500 XL Insurance Company Limited (Canada Branch)
086146 XL Reinsurance America Inc (Canada Branch)
087124 Zenith Insurance Company
Cayman Islands
075251 AHS Insurance Company, Ltd.
086911 Best Meridian International Insurance Company SPC
086808 British Caymanian Insurance Company Limited
075478 Caring Communities Insurance Company
086807 Cayman First Insurance Company Limited
075057 Colliers Bay Insurance Limited
072142 Eastern Re Ltd., S.P.C.
093520 GeoVera Reinsurance, Ltd.
076873 Greenlight Reinsurance, Ltd.
075491 INRECO International Reinsurance Company
075811 Investors Trust Assurance SPC
086644 Island Heritage Insurance Company Limited
072139 Knight Insurance Company Ltd.
092935 MetLife Global Benefits, Ltd.
056454 Palms Insurance Company, Limited
075658 Radius Insurance Company
Royal Bank of Canada
Reinsurance Group of America Inc
Aviva plc
SCOR SE
Aviva plc
Province of Saskatchewan
Province of Saskatchewan
The Co-operators Group Limited
Fonds de solidarité FTQ
Sun Life Financial Inc
Munich Reinsurance Company
Aviva plc
Intact Financial Corporation
Aegon N.V.
South Coast British Columbia Transp
Travelers Companies, Inc.
Brookfield Asset Management Inc.
Economical Mutual Insurance Company
Wawanesa Mutual Insurance Company
Wawanesa Mutual Insurance Company
Fédération des Caisses DesJardins du QC
Fédération des Caisses DesJardins du QC
December 2014
6
A.M. Best’s Non-U.S. Credit Ratings
AMB# Name
Ultimate Parent
ICR
Outlook/
Implication
FSR
Outlook/
Implication
Grupo ASSA, S.A.
United Insurance Company
aaa-
Stable
Stable
Stable
AAA-
Stable
Stable
Stable
aa
a
a
a
aa+
aa+
aa-
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
AA
A
A
A
A++
AA
AA-
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
aa-
Stable
Stable
AA-
Stable
Stable
bbb+
Stable
B++
Stable
a
Stable
A
Stable
bbb
Negative
B++
Negative
a
Stable
A
Stable
LocalTapiola General Mutual Ins Co
a
Stable
A
Stable
Allianz SE
Societe de Groupe d’Assurance Mut Covea
AXA S.A.
April S.A.
Caisse Centrale de Reassurance
Assicurazioni Generali S.p.A.
Assicurazioni Generali S.p.A.
SCOR SE
SCOR SE
SCOR SE
a+
a
a+
aaa+
a
a
a+
a+
a+
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
A
A
A
AA++
A
A
A
A
A
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Assicurazioni Generali S.p.A.
Assicurazioni Generali S.p.A.
Allianz SE
Allianz SE
Assicurazioni Generali S.p.A.
Assicurazioni Generali S.p.A.
Assicurazioni Generali S.p.A.
Deutsche Lufthansa Aktiengesellschaft
Deutsche Lufthansa Aktiengesellschaft
HDI V.a.G.
Berkshire Hathaway Inc
Assicurazioni Generali S.p.A.
Assicurazioni Generali S.p.A.
Assicurazioni Generali S.p.A.
HDI V.a.G.
HDI V.a.G.
HDI V.a.G.
HDI V.a.G.
HDI V.a.G.
Munich Reinsurance Company
OJSC INSURANCE CO OF GAZ INDUSTRY SOGAZ
a
a
aaaaa
a
a
a
a
aaaa+
a
a
a
aaa+
a+
a+
a+
aabbb
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
A
A
A+
A+
A
A
A
A
A
A+
A++
A
A
A
A+
A
A
A
A
A+
B++
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
bb
Positive
B
Positive
bbb+
a+
bbb+
aaa-
Stable
Stable
Stable
Stable
Stable
B++
A
B++
AA+
Stable
Stable
Stable
Stable
Stable
cayman islands (continued)
055019 Raffles Insurance Limited
092776 Reaseguradora América SPC Ltd.
085099 United Insurance Company
China
090810 Aioi Nissay Dowa Insurance (China) Company Limited
090956 China Continent Property & Casualty Insurance Company Ltd
090957 China Life Reinsurance Company Ltd.
088692 China Property & Casualty Reinsurance Company Ltd.
090955 China Reinsurance (Group) Corporation
091609 General Reinsurance AG (Shanghai Branch)
090079 Hyundai Insurance (China) Co., Ltd.
078649 Lloyd’s Insurance Company (China) Limited
090988 NIPPONKOA Insurance Company (China) Limited
091102 Starr Property & Casualty Insurance (China) Company, Limited
Costa Rica
092545 Best Meridian Insurance Company (Costa Rica Branch)
086238 Instituto Nacional de Seguros
Dominican Republic
084245 La Colonial, S.A. - Compañía de Seguros
Ecuador
077766 Pan-American Life Insurance Company (Ecuador Branch)
Egypt
090946 Arab Misr Insurance Group S.A.E.
El Salvador
090425 Pan-American Life Insurance Company (El Salvador Branch)
Finland
085429 LocalTapiola General Mutual Insurance Company
France
078025 AGA International SA
086322 Assurances Mutuelles de France
084358 AXA Global P&C
083186 Axeria Prevoyance
085834 Caisse Centrale de Reassurance
084095 Generali Iard
085695 Generali Vie
077365 SCOR Global Life SE
078344 SCOR Global P&C SE
085027 SCOR SE
Germany
085761 AachenMuenchener Lebensversicherung AG
085302 AachenMuenchener Versicherung AG
087997 Allianz Global Corporate & Specialty SE
085449 Allianz SE
085303 Central Krankenversicherung Aktiengesellschaft
085304 COSMOS Lebensversicherungs-AG
085382 COSMOS Versicherung Aktiengesellschaft
085437 Delvag Luftfahrtversicherungs-AG
084019 Delvag Rueckversicherungs-AG
085064 E+S Rueckversicherung AG
085310 General Reinsurance AG
084112 Generali Deutschland Holding AG
085074 Generali Lebensversicherung AG
085076 Generali Versicherung AG
085070 Hannover Rueck SE
077779 HDI-Gerling Industrie Versicherung Aktiengesellschaft
078321 HDI-Gerling Welt Service Aktiengesellschaft
085259 HDI Haftpflichtverband der Deutschen Industrie V.a.G.
085842 HDI Lebensversicherung Aktiengesellschaft
085011 Munich Reinsurance Company
084710 SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG
Ghana
090035 Ghana Reinsurance Company Limited
Guam
013922 Century Insurance Company (Guam) Limited
014135 Dongbu Insurance Co., Ltd. (U.S. Guam Branch)
013110 First Net Insurance Company
011448 Pacific Indemnity Insurance Company
012553 Tokio Marine Pacific Insurance Limited
MS&AD Insurance Group Holdings, Inc.
China Investment Corporation
China Investment Corporation
China Investment Corporation
China Investment Corporation
Hyundai Marine & Fire Insurance Co Ltd
Lloyd’s
Sompo Japan Nipponkoa Holdings, Inc.
Starr International Company, Inc.
Gulf Insurance Group K.S.C.P.
Tan Holdings Corporation
Tokio Marine Holdings, Inc.
December 2014
7
A.M. Best’s Non-U.S. Credit Ratings
AMB# Name
Guernsey
071294 GBG Insurance Limited
073417 Hiscox Insurance Company (Guernsey) Limited
057796 Jupiter Insurance Limited
093711 Kelvin Re Limited
Honduras
077994 Pan-American Life Insurance Company (Honduras Branch)
Hong Kong
091430 AIG Insurance Hong Kong Limited
093337 Asia Capital Reinsurance Group Pte. Ltd. (Hong Kong Branch)
090678 Blue Cross (Asia-Pacific) Insurance Limited
092223 BOC Group Life Assurance Company Limited
077690 China BOCOM Insurance Company Limited
077931 China Overseas Insurance Limited
085402 China Taiping Insurance HK Company Limited
090042 Federal Insurance Company (Hong Kong Branch)
086939 Hong Leong Insurance (Asia) Limited
091406 Peak Reinsurance Company Limited
077936 The People’s Insurance Company of China (Hong Kong), Limited
090772 Starr International Insurance (Asia) Limited
087838 Sun Hung Kai Properties Insurance Limited
085029 Taiping Reinsurance Company Limited
085637 Tugu Insurance Company Limited
084822 Wing Lung Insurance Company Limited
India
086041 General Insurance Corporation of India
086042 National Insurance Company Limited
086043 The New India Assurance Company Limited
086044 The Oriental Insurance Company Limited
085412 United India Insurance Company Limited
Indonesia
078591 PT Asuransi Jasa Indonesia (Persero)
091075 PT. Asuransi Samsung Tugu
Ireland
086833 ACE Bermuda International Insurance (Ireland) Limited
083090 Allied World Assurance Company (Europe) Limited
057399 AmTrust International Underwriters Limited
077332 Atradius Reinsurance Limited
083008 AXIS Re SE
083007 AXIS Specialty Europe SE
084304 Canada Life International Re Limited
078224 Electric Insurance Ireland Limited
090115 Eni Insurance Limited
013983 Everest Reinsurance Company (Ireland), Limited
091169 Greenlight Reinsurance Ireland, Limited
084133 Hannover Re (Ireland) Limited
091318 Ironshore Europe Limited
090833 Liffey Reinsurance Company Limited
077979 Markel Europe plc
078853 Partner Reinsurance Europe SE
088621 PartnerRe Ireland Insurance Limited
087847 Renaissance Reinsurance of Europe
078854 SCOR Global Life Reinsurance Ireland Limited
091913 Talanx Reinsurance (Ireland) Ltd.
078455 XL Re Europe SE
Isle Of Man
086910 National Grid Insurance Company (Isle of Man) Limited
Italy
085309 Allianz S.p.A.
085071 Assicurazioni Generali S.p.A.
Jamaica
086086 Sagicor Life Jamaica Limited
Japan
085028 Aioi Nissay Dowa Insurance Company Limited
090523 AIU Insurance Company, Ltd.
085446 American Family Life Assurance Company of Columbus (Japan Branch)
090524 American Home Assurance Company (Japan Branch)
090532 Assicurazioni Generali S.p.A. (Japan Branch)
085251 The Fuji Fire & Marine Insurance Company, Limited
091222 Hyundai Marine and Fire Insurance Co., Ltd. (Japan Branch)
Ultimate Parent
ICR
Outlook/
Implication
FSR
Outlook/
Implication
Saxton Lane Company Limited
Hiscox Ltd
BP p.l.c.
bbb
a+
a
a-
Stable
Stable
Positive
Stable
B++
A
A
A-
Stable
Stable
Stable
Stable
a
Stable
A
Stable
a
aaa
abbb
a
aa+
aaaa
a
a
bbb
a-
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
A
AAA
AB++
A
A++
AAAA
A
A
B++
A-
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
abbb+
abbb+
bbb+
Stable
Stable
Stable
Stable
Positive
AB++
AB++
B++
Stable
Stable
Stable
Stable
Positive
Samsung Fire & Marine Insurance Co, Ltd
bbb+
a-
Stable
Stable
B++
A-
Stable
Stable
ACE Limited
Allied World Assurance Co Holdings AG
AmTrust Financial Services, Inc
INOC, S.A.
AXIS Capital Holdings Limited
AXIS Capital Holdings Limited
Great-West Lifeco Inc
Wilmington Trust Company
Eni S.p.A.
Everest Re Group, Ltd
Greenlight Capital Re, Ltd.
HDI V.a.G.
Ironshore Inc.
Istmo Compañía de Reaseguros, Inc.
Markel Corporation
PartnerRe Ltd
PartnerRe Ltd
RenaissanceRe Holdings Ltd
SCOR SE
HDI V.a.G.
XL Group plc
aa+
a+
a
a
aaaaa+
a+
a
aaa
aaa
aa
aaaaaa- u
a+
a
a
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Positive
A++
A
A
A
A+
A+
A
A
A
A+
A
A+
A
AA
A+
A+
A+ u
A
A
A
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
National Grid plc
a
Stable
A
Stable
Allianz SE
Assicurazioni Generali S.p.A.
aaa
Stable
Stable
A+
A
Stable
Stable
Sagicor Financial Corporation
bbb-
Stable
B+
Stable
MS&AD Insurance Group Holdings, Inc.
American International Group, Inc
aa
a
aaa
a
a
a
Stable
Stable
Stable
Stable
Stable
Stable
Stable
A+
A
A+
A
A
A
A
Stable
Stable
Stable
Stable
Stable
Stable
Stable
American International Group, Inc
Bank of East Asia Limited
China Investment Corporation
Bank of Communications Co., Ltd.
China State Construction Engineering Cp
China Taiping Insurance Group Ltd.
Hong Leong Company (Malaysia) Berhad
Fosun International Holdings Ltd.
People’s Ins Co (Group) of China Ltd
Starr International Company, Inc.
Sun Hung Kai Properties Limited
China Taiping Insurance Group Ltd.
China Merchants Bank Co., Ltd.
American International Group, Inc
December 2014
8
A.M. Best’s Non-U.S. Credit Ratings
AMB# Name
Ultimate Parent
ICR
Outlook/
Implication
FSR
Outlook/
Implication
Meiji Yasuda Life Insurance Company
MS&AD Insurance Group Holdings, Inc.
Nippon Life Insurance Company
Sompo Japan Nipponkoa Holdings, Inc.
aaaa
aaaaa
aaaa+
Stable
Stable
Stable
Stable
Stable
Stable
Stable
A+
A+
A+
A+
A
A+
A++
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Gulf Insurance Group K.S.C.P.
ARABIA Insurance Company s.a.l.
Solidarity Group Holding BSC (c)
bbb+
bbbbbb
bbb+
bbb
Stable
Stable
Stable
Stable
Negative
B++
B+
B++
B++
B++
Stable
Stable
Stable
Stable
Negative
Eurasian Financial Company JSC
Holding Group Almeks JSC
Holding Group Almeks JSC
bbb+
bbb
bbbbbbbbbbbb-
Stable
Stable
Stable
Stable
Stable
Stable
Stable
B++
B++
B+
BBBB+
Stable
Stable
Stable
Stable
Stable
Stable
Stable
bb+
bbbbbb-
Stable
Stable
Stable
B
B+
B+
Stable
Stable
Stable
Gulf Insurance Group K.S.C.P.
Gulf Insurance Group K.S.C.P.
aaa-
Positive
Positive
Stable
AAA-
Positive
Positive
Stable
Al Ittihad Al Watani Soc Gen Asr Proche
ARABIA Insurance Company s.a.l.
Nasco Insurance Group Limited
LFZ Holding S.A.L.
bb+
bbbbbb+
bbb
bbb+
Negative
Stable
Stable
Stable
Stable
B
B+
B++
B++
B++
Stable
Stable
Stable
Stable
Stable
Swiss Re Ltd
Onesty Group AG
Enstar Group Limited
a+
aa-
Stable
Stable
Negative
A
AA-
Stable
Stable
Negative
AmTrust Financial Services, Inc
Hochtief AG
Telefonica S A
a
aaaaaaaaa-
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
A
AAAA+
A+
AA-
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
a
a
aaa-
Stable
Stable
Stable
Stable
Stable
A
A
AAA-
Stable
Stable
Stable
Stable
Stable
aaa
aaaaaa-
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
AAA
AAAAAA-
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Argo Group International Holdings, Ltd
April S.A.
Fidelity National Financial, Inc.
a
aa-
Stable
Stable
Stable
A
AA-
Stable
Stable
Stable
Grupo Financiero Aserta SA de C.V.
a-
Stable
A-
Stable
japan (continued)
085358 Meiji Yasuda Life Insurance Company
084422 Mitsui Sumitomo Insurance Company, Limited
085457 Nippon Life Insurance Company
085258 Sompo Japan Nipponkoa Insurance Inc.
093225 Starr Indemnity & Liability Company (Japan Branch)
085179 The Toa Reinsurance Company, Limited
085100 Tokio Marine & Nichido Fire Insurance Co., Ltd.
Jordan
078183 Arab Orient Insurance Company
091740 ARABIA Insurance Company - Jordan
091584 First Insurance Company
088866 Jordan Insurance Company Plc.
089837 Middle East Insurance Company Plc
Kazakhstan
078331 Eurasia Insurance Company JSC
091215 Halyk-Kazakhinstrakh, Insurance Subsidiary Company of Halyk Bank of Kazakhstan, JSC
091331 Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC
092524 Nomad Insurance Company JSC
093287 Nomad Life Insurance Company JSC
093079 Standard Insurance Company JSC
092467 Victoria Insurance Company JSC
Kenya
077803 East Africa Reinsurance Company Limited
085416 Kenya Reinsurance Corporation Limited
078388 ZEP-RE (PTA Reinsurance Company)
Kuwait
090842 Gulf Insurance Group K.S.C.P.
090950 Gulf Life Insurance Company K.S.C. (Closed)
085585 Kuwait Reinsurance Company K.S.C.P
Lebanon
090592 Al Ittihad Al Watani (L’Union Nationale) Societe Generale d’Assurances du Proche Orient, sal
089190 Arab Reinsurance Company SAL
091312 ARABIA Insurance Company s.a.l.
092115 Bankers Assurance SAL
092993 The Mediterranean & Gulf Insurance & Reinsurance Co. S.A.L. (Medgulf)
Liechtenstein
091322 Elips Life AG
078868 PrismaLife AG
078515 Torus Insurance (Europe) AG
Luxembourg
093205 AmTrust Insurance Luxembourg S.A.
074007 Builders Reinsurance S.A.
056998 Casiopea Re S.A.
089453 The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg)
086847 Swiss Re Europe S.A.
087600 Swiss Re International SE
078596 United Re (Europe) S.A.
084144 The West of England Ship Owners Mutual Insurance Association (Luxembourg)
Macau
092127 AIG Insurance Hong Kong Limited (Macau Branch)
078304 China Taiping Insurance (Macau) Co., Ltd.
089625 Luen Fung Hang Insurance Company Limited
084138 Macau Insurance Company Limited
084244 Macau Life Insurance Company Limited
Malaysia
090060 ACR ReTakaful Berhad
090756 Asia Capital Reinsurance Malaysia Sdn Bhd
091269 Energas Insurance (L) Limited
093387 General Insurance Corporation of India (Labuan Branch)
086913 Labuan Reinsurance (L) Ltd
089132 Lonpac Insurance Bhd
078303 Malaysian Reinsurance Berhad
093253 Singapore Reinsurance Corporation Limited (Labuan Branch)
093446 Wentworth Insurance Company Limited (Labuan Branch)
Malta
091791 ArgoGlobal SE
090190 Axeria Re Limited
092685 FNF Title Insurance Company Ltd.
Mexico
088757 Afianzadora Aserta, S.A. de C.V.
The Toa Reinsurance Company, Limited
Tokio Marine Holdings, Inc.
Swiss Re Ltd
Swiss Re Ltd
United Insurance Company
West of England Ship Owners Mut Ins Asn
China Taiping Insurance Group Ltd.
Dah Sing Financial Holdings Limited
Dah Sing Financial Holdings Limited
ACR ReTakaful Holdings Limited
Khazanah Nasional Berhad
Petroliam Nasional Berhad
LPI Capital Berhad
MNRB Holdings Berhad
December 2014
9
A.M. Best’s Non-U.S. Credit Ratings
AMB# Name
Ultimate Parent
ICR
Outlook/
Implication
FSR
Outlook/
Implication
Grupo Financiero Aserta SA de C.V.
Grupo Maxasem, S.A. de C.V.
Grupo Nacional Provincial S.A.B.
MAPFRE S.A.
Quálitas Controladora, S.A.B. de C.V.
Peña Verde, S.A.B.
Grupo Financiero Inbursa, S.A.B. de C.V.
aabbb+
bbb
aa
bb
a
a
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
AAB++
B++
AA
B
A
A
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Marubeni Corporation
a-
Stable
A-
Stable
Caisse de Depot et de Gestion
bbb
Stable
B++
Stable
bbb+
bbb+
Stable
Stable
B++
B++
Stable
Stable
a
a-
Stable
Stable
A
A-
Stable
Stable
Rand Merchant Insurance Holdings Ltd
aa
aaabbba
bbbabbb+
bbb+
bbbbbb
a
aaa
aa+
aa+
bb+
aaa
abbbabbb
bbb
bb+
bbb+
bbb
bbb
aaaaaa+
aaaabbb
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Negative
Stable
Stable
Stable
A+
A+
AB+
A
B+
AB++
B++
B+
B++
A
AAA
A++
A++
B
AA+
AB+
AB++
B++
B
B++
B++
B++
A+
A+
A++
AAAAB++
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Negative
Stable
Stable
Stable
African Reinsurance Corporation
C-Re Holding Limited
Custodian and Allied Plc
Assur Africa Holding Limited
abbbbb
bb+
Positive
Stable
Stable
Positive
AB+
B
B
Positive
Stable
Stable
Positive
Muscat National Holding Company SAOG
Muscat National Holding Company SAOG
Oman National Investment Corp Holding
bbbbbbbbb
Stable
Stable
Stable
B+
B+
B++
Stable
Stable
Stable
Adamjee Insurance Company Limited
bbbbbb
Stable
Stable
B+
B++
Stable
Stable
mexico (continued)
085869 Afianzadora Insurgentes, S.A. de C.V.
091478 Afianzadora Sofimex, S.A.
091774 General de Seguros, S.A.B.
077263 Grupo Mexicano de Seguros, S.A. de C.V.
085612 Grupo Nacional Provincial S.A.B.
086287 Mapfre Tepeyac, S.A.
083016 Quálitas Compañía de Seguros S.A.B. de C.V.
086054 Reaseguradora Patria, S.A.
087006 Seguros Inbursa, S.A. Grupo Financiero Inbursa
Micronesia, Federated States Of
092427 Marble Reinsurance Corporation
Morocco
084052 Societe Centrale de Reassurance
Nepal
093372 National Insurance Company Limited (Nepal Branch)
093242 The Oriental Insurance Company Limited (Nepal Branch)
Netherlands
086765 Atradius Credit Insurance N.V.
077135 N.V. Unive Her
New Zealand
090607 Aioi Nissay Dowa Insurance Company, Limited (New Zealand Branch)
090237 American Income Life Insurance Company (New Zealand Branch)
092662 AMI Insurance Limited
092576 Beneficial Insurance Limited
091593 BNZ Life Insurance Limited
090870 CBL Insurance Limited
086363 CIGNA Life Insurance New Zealand Limited
091826 Co-operative Life Limited
084340 Consumer Insurance Services Limited
090856 DPL Insurance Limited
091607 The Education Benevolent Society Incorporated
086379 Farmers’ Mutual Group
090784 Fidelity Life Assurance Company Limited
090857 First American Title Insurance Company of Australia Pty Limited (New Zealand Branch)
078332 FMG Insurance Limited
077165 General Reinsurance Australia Ltd (New Zealand Branch)
091811 General Reinsurance Life Australia Limited (New Zealand Branch)
091066 Health Services Welfare Society Limited
092400 Kiwi Insurance Limited
077172 Mitsui Sumitomo Insurance Company Limited (New Zealand Branch)
090239 The New India Assurance Company Limited (New Zealand Branch)
086375 New Zealand Local Government Insurance Corporation Limited
088912 nib nz limited
093644 Pacific International Insurance Pty Ltd (New Zealand Branch)
091252 Partners Life Limited
092782 Pinnacle Life Limited
091290 Police Health Plan Limited
091637 Product Care (NZ) Limited
092486 Provident Insurance Corporation Limited
091818 RGA Reinsurance Company (New Zealand Branch)
086404 Sovereign Assurance Company Limited
091824 Tokio Marine & Nichido Fire Insurance Company Limited (New Zealand Branch)
089186 TOWER Insurance Limited
078699 TOWER Life (N.Z.) Limited
091065 Union Medical Benefits Society Limited
090234 Virginia Surety Company, Inc. (New Zealand Branch)
093397 Youi NZ Pty Limited
Nigeria
083411 African Reinsurance Corporation
078723 Continental Reinsurance Plc
093617 Custodian and Allied Insurance Limited
090312 Mansard Insurance Plc
Oman
077842 Muscat Insurance Company SAOC
077843 Muscat Life Assurance Company SAOC
078110 National Life and General Insurance Company SAOC
Pakistan
085699 Adamjee Insurance Company Limited
086770 Jubilee General Insurance Company Limited
INOC, S.A.
Coöperatie Univé U.A.
Insurance Australia Group Limited
Beneficial Holdings Limited
National Australia Bank Limited
CBL Corporation Limited
Cigna Corporation
Co-operative Bank Limited
Haier Group Company
Dorchester Pacific Limited
Farmers’ Mutual Group
New Zealand Post Limited
New Zealand Local Govt Ins Corp Ltd
nib holdings limited
Partners Group Holdings Limited
New Zealand Police Association
ICF Holdings Pty Ltd
Commonwealth Bank of Australia
TOWER Limited
TOWER Limited
December 2014
10
A.M. Best’s Non-U.S. Credit Ratings
AMB# Name
Panama
090179 ACE Seguros S.A.
087138 Aseguradora Ancón, S.A.
086937 ASSA Compañía de Seguros S.A.
091083 Barents Re Reinsurance Company, Inc.
087142 Compañía Internacional de Seguros SA
090834 Del Istmo Assurance Corp
078448 Istmo Compañía de Reaseguros, Inc.
086149 Mapfre Panamá S.A.
091356 Pan-American Life Insurance Company (Panama Branch)
091354 Worldwide Medical Assurance, Ltd. Corp.
Philippines
077617 Malayan Insurance Co., Inc.
086771 National Reinsurance Corporation of the Philippines
093230 Starr International Insurance (Philippines Branch)
Poland
089013 Polskie Towarzystwo Reasekuracji S.A.
Puerto Rico
010652 ACE Insurance Company (Puerto Rico)
003536 AIG Insurance Company-Puerto Rico
004151 Antilles Insurance Company
068045 Caribbean American Life Assurance Company
011355 Caribbean American Property Insurance Company
007607 Cooperativa de Seguros de Vida de Puerto Rico
003502 Cooperativa de Seguros Multiples de Puerto Rico
060162 Humana Health Plans of Puerto Rico, Inc.
008265 Humana Insurance of Puerto Rico, Inc.
003534 INTEGRAND Assurance Company
004290 MAPFRE Pan American Insurance Company
011116 MAPFRE PRAICO Insurance Company
003649 MAPFRE Preferred Risk Insurance Company
014362 Multinational Insurance Company
007447 Multinational Life Insurance Company
011317 Newport Bonding and Surety Company
060399 Popular Life Re
013088 QBE Optima Insurance Company
003828 Real Legacy Assurance Company, Inc.
012250 Tower Bonding and Surety Company
007132 Trans-Oceanic Life Insurance Company
006135 Triple-S Blue, Inc.
000370 Triple-S Propiedad, Inc.
068130 Triple-S Salud, Inc.
007631 Triple-S Vida, Inc.
011138 United Surety & Indemnity Company
003665 Universal Insurance Company (PR)
060097 Universal Life Insurance Company
060567 USIC Life Insurance Company
Qatar
078636 Doha Insurance Company-Q.S.C.
085452 Qatar General Insurance and Reinsurance Company S.A.Q.
078335 Qatar Insurance Company S.A.Q.
092611 Qatar Reinsurance Company LLC
092612 QIC International LLC
Russia
078919 OJSC INSURANCE COMPANY OF GAZ INDUSTRY SOGAZ
078871 Russian Reinsurance Company JSC
091387 Transneft Insurance Company, JSC
078395 Transsiberian Reinsurance Corporation OJSC
091390 Unity Reinsurance Company, Ltd.
Saudi Arabia
088904 The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company A
Saudi Joint Stock Company
090704 Saudi United Cooperative Insurance Company (Wala’a)
Singapore
091421 AIG Asia Pacific Insurance Pte. Ltd.
078461 Asia Capital Reinsurance Group Pte. Ltd.
088853 China Taiping Insurance (Singapore) Pte. Ltd.
091957 ECICS Limited
091559 ERGO Insurance Pte. Ltd.
093151 Federal Insurance Company (Singapore Branch)
089433 First Capital Insurance Limited
Ultimate Parent
ICR
Outlook/
Implication
FSR
Outlook/
Implication
ACE Limited
Ancon Investment Corporation
Grupo ASSA, S.A.
Arden & Price Group
a
aa
aa
aaa
a
bbb-
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
A
AA
AA
AAA
A
B+
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Pan Malayan Mgmt & Investment Corp
bbb+
bbb
a
Stable
Stable
Stable
B++
B++
A
Stable
Stable
Stable
Fairfax Financial Holdings Limited
a-
Stable
A-
Stable
ACE Limited
American International Group, Inc
Anglo Puerto Rican Insurance Corporation
Assurant Inc
Assurant Inc
Trans-Oceanic Group Inc
Triple-S Management Corporation
Triple-S Management Corporation
Triple-S Management Corporation
Triple-S Management Corporation
MRM Group, Inc.
Universal Group, Inc.
Universal Group, Inc.
MRM Group, Inc.
aa+
a
a+
aa
b
abbb+
bbb+
aa
a
a
bbb+
bbb
ccc
bbbaabb
bbb+
bbb
abbb+
bbb+
a+
a
abbb
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Positive
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
A++
A
A
AA
C++
AB++
B++
AA
A
A
B++
B++
C
B+
AAB
B++
B++
AB++
B++
A
A
AB++
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Positive
Stable
Stable
Negative
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Qatar General Insurance & Reins Co SAQ
Qatar Insurance Company S.A.Q.
Qatar Insurance Company S.A.Q.
Qatar Insurance Company S.A.Q.
aaa
a
a
Stable
Stable
Stable
Stable
Stable
AAA
A
A
Stable
Stable
Stable
Stable
Stable
OJSC INSURANCE CO OF GAZ INDUSTRY SOGAZ
bbb
bbbbbbbb+
bbb-
Stable
Stable
Stable
Stable
Stable
B++
B+
B+
B
B+
Stable
Stable
Stable
Stable
Stable
LFZ Holding S.A.L.
a-
Stable
A-
Stable
bbb
Stable
B++
Stable
a
aaaaaa+
a
Positive
Stable
Positive
Stable
Stable
Positive
Stable
A
AAAAA++
A
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Istmo Compañía de Reaseguros, Inc.
Istmo Compañía de Reaseguros, Inc.
MAPFRE S.A.
Landeshut Holding Ltd.
Cooperativa de Seguros Multiples de PR
Humana Inc.
Humana Inc.
Victor J Salgado & Associates Inc
MAPFRE S.A.
MAPFRE S.A.
MAPFRE S.A.
Ancon Investment Corporation
Ancon Investment Corporation
Popular Inc
QBE Insurance Group Limited
Cooperativa de Seguros Multiples de PR
OJSC INSURANCE CO OF GAZ INDUSTRY SOGAZ
American International Group, Inc
ACR Capital Holdings Pte. Ltd.
China Taiping Insurance Group Ltd.
IFS Capital Limited
Munich Reinsurance Company
Fairfax Financial Holdings Limited
December 2014
11
A.M. Best’s Non-U.S. Credit Ratings
AMB# Name
ICR
Outlook/
Implication
FSR
Outlook/
Implication
Starr International Company, Inc.
United Overseas Bank Limited
a
a
a+
aa
aa-
Stable
Stable
Stable
Stable
Stable
Stable
A
A
A
AA
A+
Stable
Stable
Stable
Stable
Stable
Stable
Pozavarovalnica Sava d.d.
Zavarovalnica Triglav d.d.
Zavarovalnica Triglav d.d.
aaa-
Stable
Stable
Positive
AAA-
Stable
Stable
Positive
Berkshire Hathaway Inc
aa+
Stable
A++
Stable
Dongbu Insurance Co., Ltd.
a+
aa+
aa+
bbb
a
aa
aaaaaa+
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
A
A++
A++
B++
A
AA
AAA+
A++
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Ocaso, S.A. Seguros y Reaseguros
INOC, S.A.
aa
a
a
aa+
a-
Stable
Stable
Stable
Stable
Positive
Stable
Stable
AA
A
A
AA
A-
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Goddard Enterprises Limited
bbb+
Stable
B++
Stable
Nagico Holdings Limited
bbb
Stable
B++
Stable
White Mountains Insurance Group Ltd
a
Stable
A
Stable
Allianz SE
Amlin plc
Catlin Group Limited
Swiss Re Ltd
Munich Reinsurance Company
Schweizerische National-Vers
SCOR SE
Swiss Re Ltd
Swiss Re Ltd
Tokio Marine Holdings, Inc.
Alleghany Corporation
Validus Holdings, Ltd.
XL Group plc
XL Group plc
Zurich Insurance Group Ltd
aaa+
a
aaaaa- u
a+
aaaaaa+
a+
a
a
a
aa-
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Positive
Stable
Positive
Positive
Stable
A+
A
A
A+
A+
A- u
A
A+
A+
A++
A
A
A
A
A+
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Fubon Financial Holding Co., Ltd.
Hua Nan Financial Holdings Co. Ltd.
aa+
a
aa+
a+
a-
Stable
Stable
Positive
Stable
Positive
A++
A
A++
A
A-
Stable
Stable
Stable
Stable
Positive
bb
a-
Positive
Stable
B
A-
Stable
Stable
aaa-
Stable
Stable
Stable
AAA-
Stable
Stable
Stable
bbb-
Stable
B+
Stable
Ultimate Parent
Singapore (continued)
093162 Korean Reinsurance Company (Singapore Branch)
091577 Samsung Reinsurance Pte. Ltd.
088684 SCOR Reinsurance Asia-Pacific Pte Ltd
085224 Singapore Reinsurance Corporation Limited
091708 Starr International Insurance (Singapore) Pte. Ltd.
086781 United Overseas Insurance Limited
Slovenia
083847 Pozavarovalnica Sava d.d.
088765 Pozavarovalnica Triglav Re, d.d. Ljubljana
092224 Zavarovalnica Triglav d.d.
South Africa
086651 General Reinsurance Africa Ltd
South Korea
087968 Dongbu Insurance Co., Ltd.
090456 Federal Insurance Company (Korea Branch)
092056 General Reinsurance AG (Seoul Branch)
086796 Hanwha General Insurance Company Limited
085468 Hyundai Marine & Fire Insurance Co., Ltd.
092701 Korea P&I Club
085225 Korean Reinsurance Company
086459 LIG Insurance Company Limited
085600 Meritz Fire & Marine Insurance Co., Ltd.
088873 RGA Reinsurance Company (South Korea Branch)
085850 Samsung Fire & Marine Insurance Co., Ltd.
Spain
083556 Bilbao, Compania Anonima de Seguros y Reaseguros S.A.
083565 Compañía Española de Seguros y Reaseguros de Crédito y Caución, S.A.
086801 MAPFRE GLOBAL RISKS, Compania Internacional de Seguros y Reaseguros S.A.
086277 MAPFRE RE, Compania de Reaseguros, S.A.
085481 Nacional de Reaseguros, S.A.
085823 Ocaso, S.A. Seguros y Reaseguros
084142 Seguros Catalana Occidente, S.A. de Seguros y Reaseguros
St. Lucia
092884 M&C General Insurance Company Limited
St. Maarten
089215 National General Insurance Corporation (NAGICO) N.V.
Sweden
086396 Sirius International Insurance Corporation (publ)
Switzerland
077703 Allianz Risk Transfer AG
078117 Amlin AG
091292 Catlin Re Switzerland Ltd
085830 European Reinsurance Company of Zurich Ltd
085060 New Reinsurance Company
083978 Schweizerische National-Versicherungs-Gesellschaft AG
084820 SCOR Switzerland AG
091982 Swiss Re Corporate Solutions Ltd
085009 Swiss Reinsurance Company Ltd
073848 Tokio Millennium Re AG
086500 TransRe Zurich Ltd.
078516 Validus Reinsurance (Switzerland) Ltd
078050 XL Insurance Switzerland Ltd
091507 XL Re Latin America Ltd.
085095 Zurich Insurance Company Limited
Taiwan
090633 ACE Insurance Company of North America (Taiwan Branch)
086496 Central Reinsurance Corporation
090632 Federal Insurance Company (Taiwan Branch)
086888 Fubon Insurance Co., Ltd.
084184 South China Insurance Co., Ltd.
Thailand
085568 Asian Reinsurance Corporation
086195 Bangkok Insurance Public Company Limited
Trinidad And Tobago
086364 Guardian General Insurance Limited
084191 Guardian Life of the Caribbean Limited
084218 Trinidad & Tobago Insurance Limited
Tunisia
083349 Societe Tunisienne de Reassurance
Samsung Fire & Marine Insurance Co, Ltd
SCOR SE
Hyundai Marine & Fire Insurance Co Ltd
LIG Insurance Company Limited
Meritz Financial Group Inc.
Samsung Fire & Marine Insurance Co, Ltd
INOC, S.A.
INOC, S.A.
MAPFRE S.A.
MAPFRE S.A.
Guardian Holdings Limited
Guardian Holdings Limited
ANSA McAL Limited
December 2014
12
A.M. Best’s Non-U.S. Credit Ratings
AMB# Name
Turkey
085454 Milli Reasurans Turk Anonim Sirketi
United Arab Emirates
085825 Abu Dhabi National Insurance Company P.S.C
090708 Abu Dhabi National Takaful Company P.S.C.
090714 Al-Sagr National Insurance Company P.S.C.
078732 Alliance Insurance (PSC)
093336 Asia Capital Reinsurance Group Pte. Ltd. (Dubai Branch)
090584 Dubai Insurance Company (PSC)
085401 Emirates Insurance Company P.S.C.
093190 Emirates Retakaful Limited
093386 General Insurance Corporation of India (Dubai Branch)
088930 Gulf Reinsurance Limited
090718 National General Insurance Company (P.S.C.)
092651 National Takaful Company (Watania) PJSC
078177 Oman Insurance Company P.S.C.
078593 Orient Insurance Company (PJSC)
090357 Union Insurance Company P.S.C.
United Kingdom
086485 ACE European Group Limited
078652 Aetna Insurance Company Limited
087416 AIG Europe Limited
087400 AmTrust Europe Limited
077102 Arch Insurance Company (Europe) Limited
084806 Aspen Insurance UK Limited
087492 Aviva Annuity UK Limited
078773 Aviva Insurance Limited
085047 Aviva International Insurance Limited
086137 Aviva Life & Pensions UK Limited
077622 Catlin Insurance Company (UK) Ltd.
087273 China Taiping Insurance (UK) Company Limited
085630 Chubb Insurance Company of Europe SE
086286 Ecclesiastical Insurance Office plc
087327 Electrical Contractors’ Insurance Company Limited
083234 Endurance Worldwide Insurance Limited
086628 Faraday Reinsurance Co. Limited
086695 First Title Insurance plc
086513 FM Insurance Company Limited
093388 General Insurance Corporation of India (United Kingdom Branch)
086160 Great Lakes Reinsurance (UK) PLC
078730 Hartford Financial Products International Limited
086912 Hiscox Insurance Company Limited
086999 HSB Engineering Insurance Limited
091476 International General Insurance Company (UK) Limited
086486 International Insurance Company of Hannover SE
078390 Lancashire Insurance Company (UK) Limited
084279 Legal and General Assurance Society Limited
087425 Liberty Mutual Insurance Europe Limited
085202 Lloyd’s
048293 Lloyd’s Syndicate 1183 (Talbot Underwriting Ltd)
048312 Lloyd’s Syndicate 1225 (AEGIS Managing Agency Limited)
048337 Lloyd’s Syndicate 2001 (Amlin Underwriting Limited)
048339 Lloyd’s Syndicate 2003 (Catlin Underwriting Agencies Limited)
048932 Lloyd’s Syndicate 2010 (Cathedral Underwriting Limited)
048946 Lloyd’s Syndicate 2623 (Beazley Furlonge Limited)
048945 Lloyd’s Syndicate 3000 (Markel Syndicate Management Limited)
047731 Lloyd’s Syndicate 33 (Hiscox Syndicates Limited)
049253 Lloyd’s Syndicate 3622 (Beazley Furlonge Limited)
049246 Lloyd’s Syndicate 3623 (Beazley Furlonge Limited)
047972 Lloyd’s Syndicate 510 (RJ Kiln & Co. Limited)
048937 Lloyd’s Syndicate 623 (Beazley Furlonge Limited)
087438 London General Insurance Company Limited
084203 London General Life Company Limited
085173 Markel International Insurance Company Limited
078187 Newline Insurance Company Limited
086126 QBE Insurance (Europe) Limited
085516 QBE Re (Europe) Limited
091214 Samsung Fire & Marine Insurance Company of Europe, Limited
085448 SCOR UK Company Limited
092292 Starr Insurance & Reinsurance Limited (United Kingdom Branch)
077364 Stewart Title Limited
Ultimate Parent
ICR
Outlook/
Implication
FSR
Outlook/
Implication
Turkiye Is Bankasi A.S.
bbb-
Negative
B+
Negative
a
bbb+
bbb
aabbb+
abbb+
aa- u
bbb+
bbba
a
bbb
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Positive
Stable
Stable
Stable
Positive
A
B++
B++
AAB++
AB++
AA- u
B++
B+
A
A
B++
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Negative
Positive
Stable
Stable
Stable
Stable
aa+
aa
a
aaa
a+ u
a+ u
a+ u
a+ u
a
bbb
aa+
a
aa
aa+
aaa
aaaa+
a+
aa+
aaaa
aaa
a+
a+
a+
aaa+
a+
a+
a+
a+
a+
a+
a+
a+
aaa+
a+
a
a
a
a+
a
a-
Stable
Stable
Stable
Stable
Stable
Stable
Developing
Developing
Developing
Developing
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Positive
Positive
Positive
Stable
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Stable
Stable
Stable
Stable
Negative
Negative
Stable
Stable
Stable
Stable
A++
AA
A
A+
A
A u
A u
A u
A u
A
B++
A++
A
AA
A++
AA+
AA+
A
A
A++
AA+
A
A+
A
A
A s
A s
A+ s
A s
A s
A s
A s
A s
A s
A s
A s
A s
AAA
A
A
A
A
A
A
A-
Stable
Stable
Stable
Stable
Stable
Stable
Developing
Developing
Developing
Developing
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Positive
Stable
Stable
Stable
Stable
Stable
Stable
Stable
Positive
Positive
Positive
Stable
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Stable
Stable
Stable
Stable
Negative
Negative
Stable
Stable
Stable
Stable
Gulf General Investment Co. (P.S.C.)
Al Fajer Retakaful Ins Co KSC (Closed)
Gulf Re Holdings Limited
Mashreqbank psc
Al Futtaim Development Services Company
ACE Limited
Aetna Inc.
American International Group, Inc
AmTrust Financial Services, Inc
Arch Capital Group Ltd.
Aspen Insurance Holdings Limited
Aviva plc
Aviva plc
Aviva plc
Aviva plc
Catlin Group Limited
China Taiping Insurance Group Ltd.
The Chubb Corporation
Electrical Contractors’ Association
Endurance Specialty Holdings Ltd.
Berkshire Hathaway Inc
First American Financial Corporation
Factory Mutual Insurance Company
Munich Reinsurance Company
Hartford Financial Services Group Inc
Hiscox Ltd
Munich Reinsurance Company
International General Insur Holdings Ltd
HDI V.a.G.
Lancashire Holdings Limited
Legal & General Group Plc
Liberty Mutual Holding Company Inc.
Lloyd’s
Wolverine Advisors, Inc.
Wolverine Advisors, Inc.
Markel Corporation
Fairfax Financial Holdings Limited
QBE Insurance Group Limited
QBE Insurance Group Limited
Samsung Fire & Marine Insurance Co, Ltd
SCOR SE
Stewart Information Services Corporation
December 2014
13
A.M. Best’s Non-U.S. Credit Ratings
AMB# Name
Ultimate Parent
ICR
Outlook/
Implication
FSR
Outlook/
Implication
Sunderland Marine Ins Co Ltd
aaaa+
aa+
a+
aaaa
a+
a
Stable
Stable
Negative
Positive
Stable
Stable
Stable
Stable
Stable
Positive
AAAA
A++
A
AA++
A
A
Stable
Stable
Negative
Positive
Stable
Stable
Stable
Stable
Stable
Stable
bbbbbb
bbbabbb
Stable
Stable
Positive
Stable
Stable
B+
B++
B+
AB++
Stable
Stable
Positive
Stable
Stable
United Kingdom (continued)
086497 Sunderland Marine Insurance Company Limited
072513 The United Kingdom Mutual War Risks Association Ltd.
088986 Torus Insurance (UK) Limited
093227 TransRe London Limited
087376 Travelers Casualty and Surety Company of Europe Limited
085363 Travelers Insurance Company Limited
084975 TT Club Mutual Insurance Limited
087660 USAA Limited
083829 W. R. Berkley Insurance (Europe), Limited
087674 XL Insurance Company SE
Vietnam
092245 BIDV Insurance Corporation
091542 PVI Insurance Corporation
091541 PVI Reinsurance Joint-stock Corporation
091397 Samsung Vina Insurance Co., Ltd.
091508 Vietnam National Reinsurance Corporation
Enstar Group Limited
Alleghany Corporation
Travelers Companies, Inc.
Travelers Companies, Inc.
Through Transport Mutual Ins Assoc Ltd
United Services Automobile Association
W. R. Berkley Corporation
XL Group plc
Bank for Invest & Develop of Vietnam JSC
Vietnam National Oil & Gas Group
Vietnam National Oil & Gas Group
Samsung Fire & Marine Insurance Co, Ltd
December 2014
14
Guide to Best’s issuer credit ratinGs
A Best’s Issuer Credit Rating assigned to an insurance company is an independent opinion of an insurer’s financial strength and ability to meet its ongoing senior financial
obligations. It is based on a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance and business profile.
Best’s issuer credit ratings
non-investment Grade
investment Grade
rating
descriptor
definition
Assigned to insurance companies that have, in our opinion, an exceptional ability to meet their ongoing senior
financial obligations.
Assigned to insurance companies that have, in our opinion, a superior ability to meet their ongoing senior financial
obligations.
Assigned to insurance companies that have, in our opinion, an excellent ability to meet their ongoing senior financial
obligations.
Assigned to insurance companies that have, in our opinion, a good ability to meet their ongoing senior financial
obligations.
aaa
Exceptional
aa
Superior
a
Excellent
bbb
Good
bb
Fair
Assigned to insurance companies that have, in our opinion, a fair ability to meet their ongoing senior financial
obligations. Financial strength is vulnerable to adverse changes in underwriting and economic conditions.
b
Marginal
Assigned to insurance companies that have, in our opinion, a marginal ability to meet their ongoing senior financial
obligations. Financial strength is vulnerable to adverse changes in underwriting and economic conditions.
ccc, cc
Weak
Assigned to insurance companies that have, in our opinion, a weak ability to meet their ongoing senior financial
obligations. Financial strength is very vulnerable to adverse changes in underwriting and economic conditions.
c
Poor
Assigned to insurance companies that have, in our opinion, a poor ability to meet their ongoing senior financial
obligations. Financial strength is extremely vulnerable to adverse changes in underwriting and economic conditions.
rs
Regulatory
Supervision/
Liquidation
Assigned to insurers placed under a significant form of regulatory supervision, control or restraint - including cease
and desist orders, conservatorship or rehabilitation - that prevents conduct of normal, ongoing insurance operations, or in liquidation by a court of law or by a forced liquidation.
s
Suspended
Assigned to rated insurance companies when sudden and significant events impact operations and rating
implications cannot be evaluated due to a lack of timely or adequate information; or in cases where continued
maintenance of the previously published rating opinion is in violation of evolving regulatory requirements.
Ratings from “aa” to “ccc” may be enhanced with a “+” (plus) or “-” (minus) to indicate whether credit quality is near the top or bottom of a category.
rating Modifiers
Modifier
descriptor
u
Under Review
pd
Public Data
definition
Indicates the rating may change in the near term, typically within six months. Generally is event driven, with positive, negative or
developing implications.
Indicates rating assigned to a company that chose not to participate in A.M. Best’s interactive rating process.
(Discontinued in 2010)
rating outlooks
Indicates the potential direction of a Best’s Issuer Credit Rating over an intermediate term, generally defined as 12 to 36 months.
Positive
Indicates possible rating upgrade due to favorable financial/market trends relative to the current rating level.
Negative
Indicates possible rating downgrade due to unfavorable financial/market trends relative to the current rating level.
Stable
Indicates low likelihood of a rating change due to stable financial/market trends.
under review implications
Indicates the potential direction of a Best’s Issuer Credit Rating that is in Under Review status based on information currently available.
Positive
Indicates there is a reasonable likelihood the company’s rating will be raised as a result of A.M. Best’s analysis of a recent event.
Negative
Indicates there is a reasonable likelihood the company’s rating will be lowered as a result of A.M. Best’s analysis of a recent event.
Developing
Indicates there is uncertainty as to the final rating outcome, but there is a reasonable likelihood the company’s rating will change as a result of
A.M. Best’s analysis of a recent event.
not rated designation
The Not Rated (NR) designation may be assigned to issuers that are not rated.
rating disclosure
When assigned to an insurance company the Best’s Issuer Credit Rating opinion addresses the relative ability of an insurer to meet its ongoing senior financial
obligations. The rating is not assigned to specific insurance policies or contracts, or any other financial obligations, and does not address any other risk, including,
but not limited to, liquidity risk, market value risk, 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. The Best’s Issuer Credit 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, or any other financial obligation for a specific purpose or purchaser.
Best’s Issuer Credit Ratings are distributed via press release and/or the A.M. Best website at www.ambest.com and are published in the Credit Rating Actions section
of Best’s Journal™. Best’s Issuer Credit Ratings are proprietary and may not be reproduced without permission.
Copyright © 2014 by A.M. Best Company, Inc.
Version 080114
December 2014
15
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.
Vulnerable
Secure
Best’s Financial Strength Ratings
Rating
Descriptor
Definition
A++, A+
Superior
A, A-
Excellent
B++, B+
Good
B, B-
Fair
Assigned to companies that have, in our opinion, a fair ability to meet their ongoing insurance obligations. Financial strength is 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 insurance obligations. Financial strength is 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 ongoing insurance obligations. Financial strength is 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 ongoing insurance obligations. Financial strength is extremely vulnerable to adverse changes in underwriting and economic conditions.
E
Under
Regulatory
Supervision
Assigned to companies (and possibly their subsidiaries/affiliates) placed under a significant form of
regulatory supervision, control or restraint - including cease and desist orders, conservatorship or rehabilitation, but not liquidation - that prevents conduct of normal, ongoing insurance operations.
F
In Liquidation
Assigned to companies placed in liquidation by a court of law or by a forced liquidation.
S
Suspended
Assigned to rated companies when sudden and significant events impact operations and rating implications cannot be evaluated due to a lack of timely or adequate information; or in cases where continued
maintenance of the previously published rating opinion is in violation of evolving regulatory requirements.
Assigned to companies that have, in our opinion, a superior ability to meet their ongoing insurance obligations.
Assigned to companies that have, in our opinion, an excellent ability to meet their ongoing insurance
obligations.
Assigned to companies that have, in our opinion, a good ability to meet their ongoing insurance obligations.
Rating Modifiers
Modifier
Descriptor
u
Under Review
pd
Public Data
s
Syndicate
Definition
Indicates the rating may change in the near term, typically within six months. Generally is event driven, with
positive, negative or developing implications.
Indicates rating assigned to insurer that chose not to participate in A.M. Best’s interactive rating process.
(Discontinued in 2010)
Indicates rating assigned to a Lloyd’s syndicate.
Rating Outlooks
Indicates potential direction of a Best’s Financial Strength Rating over an intermediate term, generally defined as 12 to 36 months.
Positive
Indicates possible rating upgrade due to favorable financial/market trends relative to the current rating level.
Negative
Indicates possible rating downgrade due to unfavorable financial/market trends relative to the current rating level.
Stable
Indicates low likelihood of a rating change due to stable financial/market trends.
Under Review Implications
Indicates the potential direction of a Best’s Financial Strength Rating that is in Under Review status based on information currently available.
Positive
Indicates there is a reasonable likelihood the company’s rating will be raised as a result of A.M. Best’s analysis of a recent event.
Negative
Indicates there is a reasonable likelihood the company’s rating will be lowered as a result of A.M. Best’s analysis of a recent event.
Developing
Indicates there is uncertainty as to the final rating outcome, but there is a reasonable likelihood the company’s rating will change as a
result of A.M. Best’s analysis of a recent event.
Not Rated Designation
NR: Assigned to companies that are not rated by A.M. Best.
Rating Disclosure
A Best’s 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 Best’s 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.
Best’s Financial Strength Ratings are distributed via press release and/or the A.M. Best website at www.ambest.com and are published in the Credit
Rating Actions section of Best’s Journal™. Best’s Financial Strength Ratings are proprietary and may not be reproduced without permission.
Copyright © 2014 by A.M. Best Company, Inc.
Version 080114
December 2014
16
A.M. Best Company is the world’s oldest and
most authoritative insurance rating and information source.
For more information, visit www.ambest.com.
A.M. Best Company
World Headquarters
Ambest Road, Oldwick, NJ 08858
Phone: +1 (908) 439-2200
WASHINGTON OFFICE
830 National Press Building
529 14th Street N.W., Washington, DC 20045
Phone: +1 (202) 347-3090
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Paseo de la Reforma 412
Piso 23
Mexico City, Mexico
Phone: +52-55-5208-1264
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A.M. Best Europe Information Services Ltd.
12 Arthur Street, 6th Floor, London, UK EC4R 9AB
Phone: +44 (0)20 7626-6264
A.M. Best asia-pacific LTD.
Unit 4004 Central Plaza, 18 Harbour Road, Wanchai, Hong Kong
Phone: +852 2827-3400
A.M. Best Asia-Pacific (Singapore) Pte. Ltd.
6 Battery Road, #40-02B, Singapore
Phone: +65 6589 8400
Dubai Office (MENA, SOUTH & CENTRAL ASIA)
Office 102, Tower 2
Currency House, DIFC
PO Box 506617, Dubai, UAE
Phone: +971 43 752 780
*Regulated by the DFSA as a Representative Office
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