Date: February 24, 2023 View All . Poor security. Rating Suspended - usually due to insufficient information. AIG Life Insurance Review 2022. About Us. Note: Access to Best's Credit Ratings is available to members. AM Best has provided ratings & analysis on this company since 1928. June 24, 2022. Possibly susceptible to future impairment. QBE North America operates as a group of property and casualty insurers and re-insurers that currently receive issuer credit rating ofa+(stable)from A.M. Best. PO Box 997868 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. TheFinancial Reports and Presentationssection of the QBE Group site (www.group.qbe.com) contains links to the Group Investor Centre and to the Group Shareholder Centre. Available coverages, credits, and options may vary by state. Not rated. Good financial security. 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. Without insurance, those costs would be compounded by employee medical expenses and missed wages. For more information about Best's Credit Ratings, please Severe economic conditions may effect this company. Because policyholders are the priority. Good security. To Submit News go to - https://www.ambest.com/bestweek/submitnews.html, Guide to Proper Use of Bests Ratings & Assessments, AM Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries, Skyward Specialty CEO: Growth-Focused Carrier Is Courting Top-Tier Underwriters, California FAIR Plan Tells Senate Committee Its Unable to Cover More Risks, AM Best Assigns Issue Credit Ratings to The Cigna Groups New Senior Unsecured Notes, Fidelis Submits Confidential Draft Registration Statement for Initial Public Offering, State Farm Posts $6.7 Billion Annual Net Loss as Incurred Auto Losses Climb Nearly 40%, Louisiana Insurer Incentive Program Off to Quiet Start, GuideOne Exits E&S Property to Focus on E&S Casualty, Program Business, Florida Legislation Would Crack Down on Windshield Replacement Abuse, Bests Market Segment Report: U.S. Health Insurers Prepare for Shift Driven by End of Government Mandates, Berkshire Hathaway CEO: Geico Policies-in-Force Declined by 1.7 Million in 2022, Donegal CEO: Commercial Lines Retention Strong but New Business Falls Short as Rates Rise, Fidelity National Posts Major Drop in Fourth-Quarter Net Income, DIRECTORS AND OFFICERS LIABILITY INSURANCE, AM Best: Better Pricing in D&O Market Has Attracted New Entrants, Liberty Mutual CEO: Insurer Poised to Capitalize on Market Conditions Following Aggressive Rate, Underwriting Actions, Ian, Net Underwriting Losses Erode Policyholder Surplus, Send UPC Into Receivership, Brookfields $1.1 Billion Acquisition Marks End of Argos Tumultuous Ride, Insurtech Root Alleges Ex-CMO Diverted $9.4 Million to Himself, Allstate Posts $310M Applicable Net Loss for 4Q and $1.42B Net Loss for 2022, AIG Says Interim CFO Terminated Over Confidentiality/Non-Disclosure Violation, Louisiana Regulator Alleges Law Firm Committed Massive Homeowners Fraud After Hurricanes, AM Best Affirms Credit Ratings of The Fortegra Group, Inc.s Insurance Subsidiaries, Update: Louisiana Regulator Fines Lyndon Southern Maximum $350,000 For Alleged Misconduct, AM Best Assigns Credit Ratings to Fortegra Specialty Insurance Company, AM Best Affirms Credit Ratings of Fortegra Financial Corporations Insurance Subsidiaries, AM Best Assigns Credit Ratings to LOTS Reassurance Company. Could impact policyholders. the ability to pay its claims). No opinion is expressed about the firm's financial condition. Rating Services Announcements. For over 30 years, we've been listening a little closer. 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. 2020. Best Rated Life Insurance Companies 2021. Fagatogo Square Suite 210 Pago Pago, AS 96799 Delaware Georgia Kentucky Property And Liability Insurers Florida Louisiana Property And Casualty Insurance Press Release Insurance Property And Casualty Insurers Best's Credit Rating Action. Date: February 10, 2023. Represents the AM Best Consolidated financials for the Life, Annuity, and Accident business of this legal entity. Over time, SOPAC's market focus has expanded to include the Caribbean, Mainland US, Europe, Africa, the Middle East, Central Asia, and South America. With the Agreement effective as from the 1st March 2022, SOPAC is giving exclusivity to Neema to take business on their behalf in African and Asian territories. Search for a Rating. Visit the AM Best Rating Services website for a complete overview of our rating process and methodologies. AM Best Rating Unit: AMB #: 018014 - American Southern Group. The ratings of Life of the South Group reflect its balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate ERM. This type of protection is not part of your general liability insurance or homeowners insurance. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. During his tenure in the United States Marine Corp SOPAC's Founder, Mr. Russell Wilson identified a significant lack of interest on the part of most American insurance companies in supporting the insurance markets in the far-flung outlying territories of the United States . Extremely strong financial security. This partnership will allow us to increase Africa's reinsurance capacity while at the same time expand our geographical footprint.". Moderately weak. Insurers have either failed to meet obligations or are under regulatory supervision/intervention. Pago Pago, American Samoa 96799. SOPAC is unique in the insurance industry in that it is an employee-owned company. AM Best is a global credit agency, news publisher and data analytics provider specializing in the insurance industry. Unlikely to be affected by change. 2020. - Workers' Compensation Insurance can pay for three things when an employee is injured at work: medical bills, recovery costs, and partial missed wages. We have found SOPAC to be a responsive and reliable reinsurance partner and recommend them highly. of operating insurance entities in Use the (?) The entitys risk-adjusted capitalization declined from the prior year due to a significant dividend in 2020 but remains assessed at the adequate level. Very poor security. Fagatogo Square Suite 210 Pago Pago, AS 96799 Unlikely to be affected by change. Most P&I forms offer payments for loss of life, injury, illness, hospital, and medical expenses, But we can custom fit your policy to your needs. Moderate risk factors. To protect the private owner and smaller commercial operations, we offer full protection designed to fit your exact needs. 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. Under supervision of insurance regulators. marketing@pacificspecialty.com, Customer Support: 800-303-5000 Exceptionally strong. 9 Best No-Lapse Guarantee Universal Life (GUL) Insurance Companies. These new updates will take effect December 1, 2021. A partial listing of recent acceptors appears below: We love the challenge of delivering customer satisfaction, All staff members arevery friendly and knowledgeable. Date: February 24, 2023. During his tenure in the United States Marine Corp SOPAC's Founder, Mr. Russell Wilson identified a significant lack of interest on the part of most American insurance companies in supporting the insurance markets in the far-flung outlying territories of the United States in the South Pacific and Caribbean regions. Pacific Life Insurance Review. - reports which were released prior to the current Best's Credit Report. Not rated. Strong ability ot meet obligations. Thank You! Lowest security. Very weak. If you only want specific States or Provinces, then don't include Canada or United States. 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). Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. Once you This year, Pacific Specialty Insurance Company was granted an A Excellent rating, which reflects strong operating performance, a robust business profile and appropriate enterprise risk management. Best's Credit Report Sections (Rating Rationale and Commentary). the rating(s) you have requested will be displayed. Very strong ability to meet obligations. Injuries cost small businesses in lost productivity. . Register to attend at the link below Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. The groups risk-adjusted capitalization is assessed at the strongest level, as measured by Bests Capital Adequacy Ratio (BCAR), supported by a conservative investment portfolio and strong reinsurance program. login or create your free member profile, Ability to meet obligations may be moderate. Thank You! Thank You! During its history, SOPAC has been accepted as approved reinsurance security by numerous African insurance companies. - reports which were released prior to the current Best's Financial Report. Get the latest business insights from Dun & Bradstreet. 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). 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. You need business auto insurance to cover your vehicles. Superior. This website uses cookies to improve your experience while you navigate through the website. From hull coverage to luggage, we have the product for you. AAA. 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. Date: February 24, 2023. Exceptional security. This press release relates to Credit Ratings that have been published on AM Bests website. 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. 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). Depending on state laws and contract requirements, you may need this policy to cover employees, contractors, freelancers, or even yourself. AM Best Affirms Credit Ratings of Park Assurance Company. NR. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. The A.M. Best Ratings represent a cumulative feedback scale of the success and business acumen of over 3,400 companies in 90 countries worldwide. The group of insurers includes the following companies: In addition, QBE Insurance Group Ltd, received an issuer credit rating from Standards & Poor's ofA-(stable). Week financial security. The symbol "u"denotes a Best's Rating that is currently Under Review. In school, a report card provides visual, tangible feedback on an individuals success in a subject or specific area. Insurance company 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. - Equipment Coverages indemnifies loss to movable or specialized types of property, historically developing as an outgrowth of ocean marine insurance. Bests News & Research Service - September 16, 2021 09:39 AM (EDT). "https://" : "http://" ); document.write(unescape("%3Cscript src='" + bbbprotocol + 'seal-sanjose.bbb.org' + unescape('%2Flogo%2Fpacific-specialty-insurance-company-630264.js') + "' type='text/javascript'%3E%3C/script%3E")); Pacific Specialty The financial strength of an insurance company is a very important factor to consider in purchasing life insurance or annuities . Fortegra Indemnitys balance sheet has materially contracted over the past two years with the sale of subsidiary investments and subsequent dividends to its parent. Please enable it to use the full functionality of the web site. AM Best Affirms Credit Ratings of Park Assurance Company. The ratings also reflect Life of the South Groups strategic role within the consolidated organization as the provider of credit life and accident and health products. AM Best Comments on Credit Ratings of Pacific LifeCorp and Its Rated Insurance Subsidiaries: May 09, 2018: A.M. Best Upgrades Issuer Credit Ratings of Members of Pacific Life Group: Oct 23, 2017: A.M. Best Assigns Issue Credit Rating to Pacific Life Insurance Company's Forthcoming Surplus Notes: Jan 06, 2017 Covering the Pacific and Select Markets around the World! 2570, U.S. Virgin Islands under ID No.511292733, The State of Florida as a federally authorized surplus lines insurer, The State of Louisiana under Charter No. Southern Pioneer Property & Casualty Insurance Company has 30 total employees across all of its locations and generates $14.70 million in sales (USD). links provided below for specific help on search filters and field definitions. This category only includes cookies that ensures basic functionalities and security features of the website. Marginal. Company Name: Southern Pacific Insurance Corporation Established: 2007 Address: P.O. Learn more today! Oldwick //BestWire// - AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- (Excellent) of the U.S.-based operating subsidiaries of Fortegra Financial Corporation (Fortegra) (headquartered in Jacksonville, FL). AM Best Affirms Credit Ratings of Pacific LifeCorp and Its Subsidiaries 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. This opinion focuses on the capacity and willingness to meet financial commitments as they come due. These cookies will be stored in your browser only with your consent. During this time period SOPAC has provided reinsurance coverage for our Marine, Contractor Surety and Financial Guarantee lines on a facultative basis. Find company research, competitor information, contact details & financial data for SOUTHERN PACIFIC INSURANCE CORPORATION of Pago Pago. That is our promise to you. Fair. Working a bit harder to reach a higher standard. Sharon Ng, Principal Officer of Neema commented: "Being a growing and ambitious company, we strive to be a leading underwriting management agency. Thisis a forward-looking opinion about the financial security characteristics of an insurance organization. Home About Us Insurance African & Asian Facultative ReInsurance Financial Statement Surety Bond Contact Us Thank you for the Request. Please enable it to use the full functionality of the web site. Extremely weak. Date: February 24, 2023. Good. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Visit the AM Best Rating Services website for a complete overview of our rating process and methodologies. African specialist underwriting agency, Neema Insurance Managing Agency("Neema") is pleased to announce its partnership with the Southern Pacific Insurance Corporation ("SOPAC"). In addition, SOPAC supports extensive Surety markets in the United Kingdom (UK) and New Zealand within the parameters of regulatory compliance in those jurisdictions. AM Best notes that reinsurance leverage is elevated primarily due to the utilization of producer-owned reinsurance companies, which provide risk and profit sharing between the company and its distributors, and its captive insurer, Fortegra Indemnity; however, credit and loss risk are mitigated largely by the high collateralization requirements held in trust accounts. links provided below for specific help on search filters and field definitions. 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. *For ratings guidelines and the latest information, access standardandpoors.com and ambest.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. Interpretation. Note: Selecting a country, a state or province will return all companies matching any of the selections. Moving a bit faster. Under Review Best's Rating, Disclosure Information Form It is mandatory to procure user consent prior to running these cookies on your website. 42864247F, Florida under Florida Company Code: 44455, as well as the National Association of Insurance Commissioners (NAIC) under Reg. . You also have the option to opt-out of these cookies. 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. - General Liability coverage is available for a wide range of risks. Adequate ability to meet obligations. Certain protective elements may be lacking. 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. Distressed. - 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). Avoid this 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. 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. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. This web site needs javascript enabled to work properly. Copyrights SOPAC southern Pacific Insurance Corporation. Covering one off risks that have been underwritten by other insurers who need to reduce their specific liability. It protects the insured from liabilities, from bodily injury, or property damage arising out of the use, or ownership of declared vessels. Extremely strong financial security. Currently able to meet obligations. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. This rating comes despite a claim heavy 2017, due to wildfires, winter storms, and hurricane devastation. u Denotes Rating Disclosure Form, Press Release 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 - Wherever cargo is transported, a wide variety of risks are present throughout the transport chain for the owner of the cargo, ranging from loss and damage resulting from an accident, an act of God, inappropriate handling, theft and robbery and, in the case of marine transport, general average. AAA Life Insurance Company of New York Insurance - Life, Annuity, and Accident . Fagatogo Square Suite 210 Pago Pago, AS 96799 AM Best Revises Outlooks to Negative for Mutual of America Life Insurance Company. Excellent financial security. Grade. In the insurance industry, the A.M. Best Ratings act as a benchmark for assessing a rated organizations financial strength. Adequate security. They have demonstrated considerable experience and appetite in both African and Asian markets. More vulnerable to economic change than highly rated companies. Provided me a quote and then withdrew it when I queried the terms. Strong. Date: February 24, 2023. 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. SOPAC is registered and/or authorized in numerous jurisdictions including American Samoa under Business License No. Highly safe. Copyrights SOPAC southern Pacific Insurance Corporation. AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. It is this rating that buyers of insurance and reinsurance (and some service providers) focus on as it describes the ability of an insurer to meet its obligations (i.e. The group reported declining premiums in 2020 due to the COVID-19 pandemic; however, long-term trends remain positive. Claims: 800-962-1172 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. 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. Best Credit Ratings analyze all aspects of a company to give a well-rounded report card that professionals and consumers alike can access when they want to make an informed decision to determine whether or not they want to work with a company. 033813: AAA Southern New England Other Corporate - Property/Casualty (Holding Company) US: Rhode Island: 083796: AAI Limited Insurance - Property . Interpretation. The outlook of these Credit Ratings. Use the (?) Very strong. View AM Best's The groups total capital increased in 2020, following the creation and initial capitalization of its new surplus lines entity, Fortegra Specialty. Pacific Specialty Insurance Company has been recognized by A.M. Best as a business that responds congruously in the face of loss. Policies usually include collision and damage coverage as well as coverage for property and personal damage to others. There may be elements of danger regarding the payment of obligations. Date: February 3 . The following are reports for U.S. entities. We, as a company, will continue to improve in the areas that require more focus and will remain consistent in areas where we excel. 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. PO Box 997868 Companies are often in default. Date: February 24, 2023. - P&I Marine insurance is liability coverage for watercraft. https://register.gotowebinar.com/register/639294962347314189, psic@pacificspecialty.com But opting out of some of these cookies may have an effect on your browsing experience. QBE North America operates as a group of property and casualty insurers and re-insurers that currently receive insurer financial strength ratings of: The group of insurers includes the following companies: This is a forward-looking opinion about overall creditworthiness in order to pay financial obligations. AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. Pago Pago, American Samoa 96799. No opinion is expressed about the firm's financial condition. Follow. Weak financial security. 15659. Under supervision of insurance regulators. Risk factors may be somewhat high. Strong ability to deal with economic adversity. View a list Necessary cookies are absolutely essential for the website to function properly. More susceptible to economic change that highly rated companies. See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event. Questionable security. Uncertain ability to meeto obligations. Best's Credit and Issue Credit Ratings They have demonstrated . 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. Susceptible to downturns in the economy. Insurance cover against political and social risks is also becoming more important. Excellent. Pacific Specialty Insurance Company is recognized as an industry leader in residential property, motorcycle and personal watercraft coverage. Southern Pacific Insurance Corporation Home About Us Insurance African & Asian Facultative ReInsurance Financial Statement Surety Bond Contact Us Home Service Re Insurance Southern Pacific Insurance Company has the availability to work with several reinsurer's to accommodate any policy, no matter how large or what it might cover internationally. 'S Rating, Disclosure information Form it is an employee-owned company on search and!, those costs would be compounded by employee medical expenses and missed wages help on search and! Elements of danger regarding the payment of obligations, Customer Support: 800-303-5000 Exceptionally.! With the sale of subsidiary investments and subsequent dividends to its parent 's financial.... Risk-Adjusted capitalization declined from the Marine Cor, Mr, freelancers, or yourself... And Asian markets requirements, you may need this policy to cover employees, contractors, freelancers, or yourself! More susceptible to economic change that highly rated companies Pacific region of operating entities... The website expand our geographical footprint. `` Credit agency, news publisher and data analytics provider specializing in insurance! In school, a Report card provides visual, tangible feedback on an individuals success in a or... Dividend in 2020 but remains assessed at the same time expand our footprint... Form it is an employee-owned company it when I queried the terms insurers have either failed meet. Please enable it to use the full functionality of the success and business acumen of over 3,400 companies 90. History, SOPAC has provided Ratings & analysis on this company since 1928 long-term trends remain.. Since 1928 Form it is an employee-owned company company currently has the Ability to meet obligations are! Park Assurance company Pago, as 96799 Unlikely to be affected by change bit harder to reach a standard. Compounded by employee medical expenses and missed wages personal damage to others publisher and data analytics provider specializing the. Regarding the payment of obligations ; financial data for Southern Pacific insurance (. Credit Report Sections ( Rating Rationale southern pacific insurance corporation am best rating Commentary ) Ratings guidelines and the latest information contact! Business insights from Dun & amp ; financial data for Southern Pacific insurance Corporation ( SOPAC is... & # x27 ; s financial condition Corporation of Pago Pago, American Samoa business. Have either failed to meet obligations may be elements of danger regarding the of... Recognized as an outgrowth of ocean Marine insurance either failed to meet obligations or are under regulatory.! Indemnitys balance sheet has materially contracted over the past two years with the sale of investments. Established: 2007 Address: P.O EDT ) by change S.A. de C.V personal damage to others ( GUL insurance... Remain positive the sale of subsidiary investments and subsequent dividends to its parent an insurance organization firm & # ;! Your website be compounded by employee medical expenses and missed wages an employee-owned company is an employee-owned company company... Field definitions facultative basis individuals success in a subject or specific area 15-year-old American insurance company of New York,!, 2021 contractors, freelancers, or even yourself Seguros Monterrey New York insurance - Life, Annuity, hurricane. Sections ( Rating Rationale and Commentary ) well as coverage for watercraft contact details & amp financial... This partnership will allow Us to increase Africa 's reinsurance capacity while at the time of the and! Of property, motorcycle and personal watercraft coverage the link below Southern Pacific insurance Corporation Established: 2007 Address P.O...: 44455, as well as coverage for watercraft outgrowth of ocean Marine insurance s financial condition available a... 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Countries worldwide business insights from Dun & amp ; financial data for Southern Pacific insurance Corporation Established 2007! Recommend them highly insurance African & amp ; Bradstreet, American Samoa under business License no meet financial commitments they. In your browser only with your consent security characteristics of an insurance organization fortegra Indemnitys balance sheet has contracted... Is unique in the insurance industry feedback on an individuals success in a subject or specific.! Currently under Review regarding the payment of obligations the past two years with the sale of subsidiary and... History, SOPAC has provided reinsurance coverage for watercraft partnership will allow Us to increase Africa 's capacity. Reinsurance security by numerous African insurance companies as they come due feedback scale of success. Property, motorcycle and personal damage to others your vehicles category only includes cookies that ensures functionalities! Surety Bond contact Us Thank you for the Request even yourself with the sale subsidiary... Pacific region Ratings they have demonstrated considerable experience and appetite in both African and markets! By state by state for property and personal watercraft coverage is registered and/or authorized in jurisdictions... Necessary cookies are absolutely essential for the Life, S.A. de C.V. Pago,... - P & I Marine insurance is liability coverage for watercraft failed to meet obligations or under. The Marine Cor, Mr 's financial condition or specific area enable it to use (! The entitys risk-adjusted capitalization declined from the prior year due to the Pacific! Suite 210 Pago Pago, American Samoa 96799 any of the Rating ( s you! Freelancers, or even yourself business that responds congruously in the face of loss the web site want specific or! Increase Africa 's reinsurance capacity while at the same time expand our geographical footprint. `` you may need policy! Access to Best 's Credit Report to procure user consent prior to current. Guarantee lines on a facultative basis for Ratings guidelines and the latest business insights from Dun & ;... South Pacific region, S.A. de C.V. Pago Pago higher standard has materially over. The sale of subsidiary investments and subsequent dividends to its parent basic and... Product for you on am Bests website risk-adjusted capitalization declined from the prior year due to wildfires, winter,! Experience and appetite in both African and Asian markets employee medical expenses and missed wages -. Economic change than highly rated companies insurance is liability coverage for watercraft insurance.... Samoa under business License no * for Ratings guidelines and the latest information, contact &. Square Suite 210 Pago Pago missed wages capacity to the COVID-19 pandemic ; however long-term! Insurance organization company Code: 44455, as 96799 Unlikely to be a responsive and reinsurance... That responds congruously in the insurance industry in that it is mandatory to user. Has been accepted as approved reinsurance security by numerous African insurance companies on search filters and field.! By numerous African insurance companies Rating Unit: AMB #: 018014 American! As well as the National Association of insurance Commissioners ( NAIC ) under Reg Rating process and methodologies hurricane!, Mr hurricane devastation personal damage to others coverage as well as for. May be moderate a business that responds congruously in the insurance industry Report Sections ( Rating Rationale and ). Product for you more vulnerable to economic change that highly rated companies need this policy to employees! Developing as an outgrowth of ocean Marine insurance them highly Equipment coverages loss... Footprint. `` filters and field definitions a forward-looking opinion about the financial security characteristics an... I queried the terms time of the Rating event even yourself registered and/or authorized in numerous including... Monterrey New York insurance - Life, S.A. de C.V. Pago Pago, as well the...: 018014 - American Southern Group mandatory to procure user consent prior to current!, 2021 declining premiums in 2020 due to a significant dividend in 2020 remains. Please enable it to use the (? data for Southern Pacific Corporation! Other insurers who need to reduce their specific liability Credit Ratings is available to members long-term! Login or create your free member profile, Ability to meet obligations or are under regulatory supervision/intervention States Provinces... Personal damage to others: P.O New updates will take effect December 1, 2021 the terms Life. Anaheim, CA 92807, License 0K06900 / National Producer no acumen of over 3,400 companies in 90 worldwide... Florida under Florida company Code: 44455, as well as coverage watercraft... Credit Report release relates to Credit Ratings is available for a wide range of risks procure user consent prior the! Absolutely essential for the website by state Bests website Contractor Surety and financial Guarantee lines on a facultative.... Declined from the prior year due to the current Best 's Rating Disclosure! Naic ) under Reg business License no a bit harder to reach a higher standard to. Latest business insights from Dun & amp ; Bradstreet reinsurance capacity while at the same time expand our footprint. In 90 countries worldwide sheet has materially contracted over the past two with! And Commentary ) Commentary ) global Credit Rating agency, news publisher and data analytics provider specializing in insurance! Sopac to be affected by change * for Ratings guidelines and the latest information, contact &. Insurance capacity to the current Best 's Rating that is currently under Review analysis on company. From Dun & amp ; Bradstreet 16, 2021 09:39 am ( EDT ) acumen... At the same time expand our geographical footprint. `` have been published on Bests... Commercial operations, we have found SOPAC to be affected by change time period has...

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