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A.M. Best rates Canadian P&C insurers


June 22, 2007   by Canadian Underwriter


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A.M. Best Co. has affirmed the financial strength ratings (FSR) of 43 Canadian property/casualty companies, upgraded five FSRs, assigned three FSRs and downgraded one FSR.
These ratings are based solely upon public information and present the most informed view A.M. Best can offer, short of an insurer participating in the full interactive rating process, A.M. Best announced in a press release. A.M. Best uses the same rating scale and definitions as it does for its long-term financial strength interactive ratings but applies a pd modifier to ensure the user is aware of the more limited information basis for the rating.
A.M. Best has affirmed the FSRs for the following Canadian property and casualty companies:

Alberta Motor Association Insurance A- (Excellent)
Algoma Mutual insurance Company B+ (Good)
Allstate Insurance Company of Canada A- (Excellent)
Antigonish Farmers Mutual Fire Insurance B+ (Good)
Aviva Insurance Company of Canada A- (Excellent)
Canadian Direct Insurance Inc. B+ (Good)
Canadian Northern Shield Insurance Company B (Fair)
Clare Mutual Insurance Company B+ (Good)
CUMIS General Insurance Company B (Fair)
Echelon General Insurance Company B++ (Good)
Economical Mutual Insurance Company B++ (Good)
Farmers Mutual Insurance Company (Lindsay) B++ (Good) Federation Insurance Company of Canada B+ (Good)
Fenchurch General Insurance Company B++ (Good)
Gore Mutual Insurance Company B++ (Good)
Grain Insurance and Guarantee Company B++ (Good)
Industrial-Alliance General Insurance Company C++ (Marginal)
La Capitale, Compagnie dAssurance Generale A- (Excellent)
Legacy General Insurance Company A- (Excellent)
London and Midland General Insurance Company A- (Excellent)
LUnique Compagnie d Assurances Generales B++ (Good)
North Waterloo Farmers Mutual Insurance Company B++ (Good)
Pacific Coast Fishermens Mutual Marine Insurance Company
B++ (Good)
The Personal Insurance Company B+ (Good)
Perth Insurance Company B+ (Good)
Pictou County Farmers Mutual Fire Insurance Company
B++ (Good)
Pool Insurance Company B+ (Good)
Prince Edward Island Mutual Insurance Co B++ (Good)
Promutuel Reassurance B++ (Good)
RBC General Insurance Company B+ (Good)
Red River Valley Mutual Insurance Company B++ (Good)
Saskatchewan Motor Club Insurance Company Limited
B++ (Good)


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