You also have the option to opt-out of these cookies. View additional news, reports and products for this company. 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). Thank You! 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). Ability to meet obligations may be moderate. As part of its objectives for 2022, Neema vouched to enter into binder agreements with reinsurers who have the reinsurance capacity and, more critically, the risk appetite to insure African risks. AM Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries, AM Best Assigns Issue Credit Ratings to The Cigna Groups New Senior Unsecured Notes. Avoid this company! Pago Pago, American Samoa 96799. From hull coverage to luggage, we have the product for you. Under supervision of insurance regulators. Currently able to meet obligations. links provided below for specific help on search filters and field definitions. Moving a bit faster. 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. Comments are requested on the draft updates for Best's Credit Rating Methodology (BCRM) and the criteria procedure "Available Capital and Holding Company 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). In school, a report card provides visual, tangible feedback on an individuals success in a subject or specific area. Interpretation. marketing@pacificspecialty.com, Customer Support: 800-303-5000 Marginal financial security. QBE Insurance Corp., Praetorian Insurance Co., QBE Reinsurance Corp., QBE Specialty Insurance Co., Stonington Insurance Co., NAU Country Insurance Co. and North Pointe Insurance Co. receive an issuer credit rating ofA+(stable)from Standards & Poor's. . Weather is inherently unpredictable, but insurance companies have the ability to react appropriately when the unthinkable happens. This web site needs javascript enabled to work properly. AM Best has provided ratings & analysis on this company since 1928. The symbol "u"denotes a Best's Rating that is currently Under Review. Get the latest business insights from Dun & Bradstreet. Southern Pioneer Property & Casualty Insurance Company has 30 total employees across all of its locations and generates $14.70 million in sales (USD). Necessary cookies are absolutely essential for the website to function properly. Mililani, HI 96789-0519. 15659. Rating Disclosure Form, Press Release 2020. Significant risk, even in a stable economy. This web site needs javascript enabled to work properly. Thank you for contacting us.We will get back to you shortly. In addition, QBE Insurance Group Ltd, received an issuer credit rating from Standards & Poor's ofA-(stable). These descriptions of coverage are abbreviated and are subject to the terms, conditions, and exclusions of the actual policy, which forms the contract between the insured and the insurance company. Highly vulnerable to adverse economic conditions. of operating insurance entities in 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. But it's run differently than most insurance companies. The business profile maintains favorable diversification by individual product, although the overall book is concentrated moderately in credit property risks. Week financial security. The U.S. property/casualty operating subsidiaries of Fortegra include Lyndon Southern Insurance Company (Wilmington, DE), Insurance Company of the South (Athens, GA), Response Indemnity Company of California (Redondo Beach, CA), Blue Ridge Indemnity Company (Wilmington, DE) and Fortegra Specialty Insurance Company (Fortegra Specialty) (Scottsdale, AZ), and are collectively referred to as Fortegra P&C Group. Best's Credit Report Sections (Rating Rationale and Commentary). Regulatory action. PO Box 997868 Primary products offered are Financial in nature such as Bonds and Guarantees of all types, Credit and Political Risk Insurance as well as Marine Insurance and Reinsurance of these classes of business. Without insurance, those costs would be compounded by employee medical expenses and missed wages. Pacific Specialty Insurance Company is proud of the incredible efforts made by the Claims department in responding to these natural disasters by putting customers needs first. AIG Life Insurance Review 2022. Working a bit harder to reach a higher standard. We have found SOPAC to be a responsive and reliable reinsurance partner and recommend them highly. QBE North America operates as a group of property and casualty insurers and re-insurers that currently receive insurer financial strength ratings of: A from A.M. Best - stable outlook affirmed July 5, 2019. Copyrights SOPAC southern Pacific Insurance Corporation. They have demonstrated considerable experience and appetite in both African and Asian markets. Additionally, the group has reported consistent profitability with generally favorable return metrics. Covering the Pacific and Select Markets around the World! Very poor security. Excellent security. Adequate security. This category of insurance includes property coverage for construction equipment, medical diagnostic equipment, fine arts, solar panels and wind turbines, cameras and movie equipment, musical instruments, and a wide variety of other types of property such as: Property in Transit, Property in the Custody of a bailee, Property deemed to be an instrumentality of transportation or communication, such as bridges and radio towers, Mobile medical equipment, and Mobile. Currently has the ability to meet obligations. AM Best is a global credit agency, news publisher and data analytics provider specializing in the insurance industry. AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. Moderate risk factors. To protect the private owner and smaller commercial operations, we offer full protection designed to fit your exact needs. Uncertain ability to meeto obligations. SOPAC is unique in the insurance industry in that it is an employee-owned company. Our top classes of business include apartments, condominiums, dwellings, hotels/motels, lessor's risk, offices, restaurants, grocery stores, shopping centers, warehouses, mini/self storage units, and artisan contractors. Insurance of vessel and its equipment are included under hull insurance, there are a number of classification of vessels such as ocean steamers, sailing vessels, builders, risks fleet policies and so on.It is concerned with the insurance of hull and machinery of ocean-going and other vessels like barges, tankers, Fishing and sailing vessels.Insurance of construction risks or builders risks deals with hull insurance for vessels when they are under construction.A recent development in hull insurance has been the growth of insurance of offshore oil/gas exploration and production units as well as connected construction risks.It is covered with the specialized class of business particularly for Fishing Vessels, Trawlers, Dredgers, Inland and Sailing Vessels are available. Extremely poor prospects of offering financial security. Companies are often in default. It protects the insured from liabilities, from bodily injury, or property damage arising out of the use, or ownership of declared vessels. Highest safety. Rating Suspended - usually due to insufficient information. Excellent financial security. They have demonstrated . It is mandatory to procure user consent prior to running these cookies on your website. Date: February 24, 2023. Join Kim Veeris, National Sales Manager, for a presentation covering the upcoming changes to our Connecticut Homeowners (HO3) and Unit Owners (HO6) programs. Note: Access to Best's Credit Ratings is available to members. Insurance company 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. Fagatogo Square Suite 210 Pago Pago, AS 96799 150, Anaheim, CA 92807, Copyright 2023 McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. NR. Fair. 17486061. AM Best Affirms Credit Ratings of Park Assurance Company. Our top classes of business include apartments, condominiums, dwellings, hotels/motels, lessors risk, offices, restaurants, grocery stores, shopping centers, warehouses, mini/self storage units, and artisan contractors. 033813: AAA Southern New England Other Corporate - Property/Casualty (Holding Company) US: Rhode Island: 083796: AAI Limited Insurance - Property . General classes of business include Mercantile; Manufacturing or Processing; Habitational; and Contracting or Servicing. - Professional liability insurance, more commonly known as errors and omissions (E&O insurance), is a special type of coverage that protects your company against claims that a professional service you provided caused your client to suffer financial harm due to mistakes on your part (errors) or because you failed to perform some service (omissions). The outlook of these Credit Ratings. - Equipment Coverages indemnifies loss to movable or specialized types of property, historically developing as an outgrowth of ocean marine insurance. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. - 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. 14 likes. 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. Injuries cost small businesses in lost productivity. For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments. View AM Best's - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s). SOPAC has applications pending at this time in the European Union, Puerto Rico, and the Federated States of Micronesia. - P&I Marine insurance is liability coverage for watercraft. Jan 25, 2023 Pricing Momentum Is Helping Reinsurers Turn The Corner S&P Global Ratings Credit Ratings S&P Global Ratings ESG Evaluation S&P Global Ratings 01/26/2023 New York City Contact & Support P. (+44) 207-176-7068 E. richard.anthonysmith@spglobal.com Head of Sales, Asia-Pacific P. +61 3 96312154 denis.osullivan@spglobal.com 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. Provided me a quote and then withdrew it when I queried the terms. - General Liability coverage is available for a wide range of risks. Over time, SOPAC's market focus has expanded to include the Caribbean, Mainland US, Europe, Africa, the Middle East, Central Asia, and South America. Pacific Specialty Insurance Company has been recognized by A.M. Best as a business that responds congruously in the face of loss. Good financial security. Date: February 27, 2023. Date: February 24, 2023. We will get back to you shortly. Assigned to insurance companies that have, in our opinion, a superior ability to meet their ongoing insurance obligations. Susceptible to downturns in the economy. Questionable security. 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. AM Best Rating Services. Thank You! 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. Thank You! 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). For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings. An unfavorable business environment will probably reduce its ability to meet obligations. PO Box 997868 AAA. The ratings reflect Fortegra P&C Groups balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). 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