That is our promise to you. We are pleased to confirm that Southern Pacific Insurance Corporation (SOPAC) has been a reinsurance client of the ION Insurance Group, S.A. since 2013. These new updates will take effect December 1, 2021. Find company research, competitor information, contact details & financial data for SOUTHERN PACIFIC INSURANCE CORPORATION of Pago Pago. Because policyholders are the priority. They have demonstrated . Assigned to insurance companies that have, in our opinion, a superior ability to meet their ongoing insurance obligations. This type of protection is not part of your general liability insurance or homeowners insurance. Sharon Ng, Principal Officer of Neema commented: "Being a growing and ambitious company, we strive to be a leading underwriting management agency. Comments are requested on the draft updates for Best's Credit Rating Methodology (BCRM) and the criteria procedure "Available Capital and Holding Company Week financial security. Date: February 24, 2023 View All . An unfavorable business environment will probably reduce its ability to meet obligations. AM Best Affirms Credit Ratings of Park Assurance Company. 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). 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. 17486061. Additionally, the group has reported consistent profitability with generally favorable return metrics. AM Best is a global credit agency, news publisher and data analytics provider specializing in the insurance industry. This web site needs javascript enabled to work properly. Unlikely to be affected by change. Weather is inherently unpredictable, but insurance companies have the ability to react appropriately when the unthinkable happens. Marginal. Rating Services Advanced Rating Search Recent Rating Activity Industry Research Credit Ratings Performance Assessments Country Risk Information Get a Best's Credit Rating Regulatory Information Information Services BestLink Insurers have either failed to meet obligations or are under regulatory supervision/intervention. Strong ability to deal with economic adversity. Pago Pago, American Samoa 96799. No. But opting out of some of these cookies may have an effect on your browsing experience. This partnership will allow us to increase Africa's reinsurance capacity while at the same time expand our geographical footprint.". the rating(s) you have requested will be displayed. Covering the Pacific and Select Markets around the World! Pacific Life Insurance Review. Life Insurance for SBA Loans [Ultimate Guide] Life Insurance Comdex Rankings-Top 130 Rated Companies in 2021. 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. This rating comes despite a claim heavy 2017, due to wildfires, winter storms, and hurricane devastation. Copyrights SOPAC southern Pacific Insurance Corporation. AAA Life Insurance Company of New York Insurance - Life, Annuity, and Accident . visit our Ratings & Analysis Center. This website uses cookies to improve your experience while you navigate through the website. Under supervision of insurance regulators. Fortegra is a wholly owned subsidiary of publicly traded parent company, Tiptree Inc. [NASDAQ: TIPT]. 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. Severe economic conditions may effect this company. 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. Get the latest business insights from Dun & Bradstreet. It is mandatory to procure user consent prior to running these cookies on your website. 150, Anaheim, CA 92807, Copyright 2023 McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. Fax: 714-998-3158, 5515 E. La Palma Ave. Ste. 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. Visit the AM Best Rating Services website for a complete overview of our rating process and methodologies. - reports which were released prior to the current Best's Financial Report. Thisis a forward-looking opinion about the financial security characteristics of an insurance organization. E&O insurance can cover the cost of defending your company in a civil lawsuit and certain damages awarded, even if the legal action turns out to be groundless. Injuries cost small businesses in lost productivity. Moderately weak. Very weak. 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). Moderate risk factors. This web site needs javascript enabled to work properly. Excellent security. Interpretation. Thank You! The group of insurers includes the following companies: If an employee dies, Workers' Comp can cover funeral costs and benefits to the worker's family. 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. This press release relates to Credit Ratings that have been published on AM Bests website. These cookies do not store any personal information. Certain protective elements may be lacking. Note: Access to Best's Credit Ratings is available to members. View a list Very strong. Date: February 27, 2023. (. A+ Rated Life Insurance Companies 2022. Date: February 24, 2023. 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 Revises Outlooks to Negative for Mutual of America Life Insurance Company. - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s). 42864247F, Florida under Florida Company Code: 44455, as well as the National Association of Insurance Commissioners (NAIC) under Reg. links provided below for specific help on search filters and field definitions. Insurance - Property/Casualty (Operating Company), A.M.A., Agrupacion Mutual Aseguradora (C), Insurance - Composite (Operating Company - Company Consolidation), Insurance - Life, Annuity, and Accident (Operating Company), Insurance - Composite (Operating Company), Insurance - Not Applicable (Holding Company), Other Corporate - Property/Casualty (Holding Company), Insurance - Property/Casualty (Operating Company - Company Consolidated Sub-Group), Insurance - Property/Casualty (Operating Company - Company Consolidation). Thank you for contacting us.We will get back to you shortly. Copyrights SOPAC southern Pacific Insurance Corporation. Susceptible to downturns in the economy. AM Best Affirms Credit Ratings of Pacific LifeCorp and Its Subsidiaries 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. 9 Best No-Lapse Guarantee Universal Life (GUL) Insurance Companies. *For ratings guidelines and the latest information, access standardandpoors.com and ambest.com. Ability to meet obligations may be moderate. Questionable security. - reports which were released prior to the current Best's Credit Report. Fagatogo Square Suite 210 Pago Pago, AS 96799 Under Review Best's Rating, Disclosure Information Form Please enable it to use the full functionality of the web site. General classes of business include Mercantile; Manufacturing or Processing; Habitational; and Contracting or Servicing. Strong financial security. Good ability to meet obligations. Home About Us Insurance African & Asian Facultative ReInsurance Financial Statement Surety Bond Contact Us Thank you for the Request. 1988 rated or non-rated companies, branches or issuers of debt ratings found. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Southern Pacific Insurance Corporation info@sopacins.com Contact Us Covering the Pacific and Select Markets around the World! 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. - Equipment Coverages indemnifies loss to movable or specialized types of property, historically developing as an outgrowth of ocean marine insurance. We will get back to you shortly. Provided me a quote and then withdrew it when I queried the terms. Extremely weak. 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. Weak financial security. Very weak financial security. Note: Selecting a country, a state or province will return all companies matching any of the selections. Extremely poor prospects of offering financial security. Rating Suspended - usually due to insufficient information. You need business auto insurance to cover your vehicles. 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. Good financial security. Under supervision of insurance regulators. Based on AM Best's analysis, 050799 - Pacific Mutual Holding Company is the AMB Ultimate Parent and identifies 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. Very poor security. Weak. Copyrights SOPAC southern Pacific Insurance Corporation. 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. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Date: February 24, 2023. Superior. 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. Risk factors may be somewhat high. Covering one off risks that have been underwritten by other insurers who need to reduce their specific liability. Search for a Rating. Rating Disclosure Form, Press Release AM Best Rating Services. 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. The group reported declining premiums in 2020 due to the COVID-19 pandemic; however, long-term trends remain positive. Date: February 24, 2023. The outlook of these Credit Ratings. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Thank You! General classes of business include Mercantile; Manufacturing or Processing; Habitational; and Contracting or Servicing. marketing@pacificspecialty.com, Customer Support: 800-303-5000 AIG Life Insurance Review 2022. links provided below for specific help on search filters and field definitions. 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 - P&I Marine insurance is liability coverage for watercraft. Policies usually include collision and damage coverage as well as coverage for property and personal damage to others. Pago Pago, American Samoa 96799. 15659. See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event. For more information about Best's Credit Ratings, please 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. We, as a company, will continue to improve in the areas that require more focus and will remain consistent in areas where we excel. 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. Lowest security. 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. AAA. Insurance company - Workers' Compensation Insurance can pay for three things when an employee is injured at work: medical bills, recovery costs, and partial missed wages. Very strong ability to meet obligations. The groups operating performance has been supported by a long-term trend of strong premium growth and consistent profitability. 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. Fagatogo Square Suite 210 Pago Pago, AS 96799 Without insurance, those costs would be compounded by employee medical expenses and missed wages. Claims: 800-962-1172 Use the (?) Strong. About Us. Fair. the ability to pay its claims). Very strong financial security. This category only includes cookies that ensures basic functionalities and security features of the website. During its history, SOPAC has been accepted as approved reinsurance security by numerous African insurance companies. Thank You! If you, or any of your employees have an accident in your businesss car, you may be liable for bodily injuries, lost wages or any damage caused. These cookies will be stored in your browser only with your consent. The financial strength of an insurance company is a very important factor to consider in purchasing life insurance or annuities . SOPAC has applications pending at this time in the European Union, Puerto Rico, and the Federated States of Micronesia. Bests News & Research Service - September 16, 2021 09:39 AM (EDT). Over time, SOPAC's market focus has expanded to include the Caribbean, Mainland US, Europe, Africa, the Middle East, Central Asia, and South America. the topmost entity of the corporate structure. 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. Lower than Aaa because long-term risks appear somewhat larger. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. 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. . 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 Excellent. Moving a bit faster. This web site needs javascript enabled to work properly. Not rated. 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. Extremely strong financial security. 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). 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. The term "Rating Unit" identifies individual insurers or a consolidation of member companies that are assigned the same Best's Credit Rating. But it's run differently than most insurance companies. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. 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. Thank You! Fair financial security. Poor security. Excellent 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. Moderate risk factors. 2020. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Bests Recent Rating Activity web page. - General Liability coverage is available for a wide range of risks. The following links provide access to related data records that AM Best utilizes to provide financial and analytical data on a consolidated or branch basis. Learn more today! Register to attend at the link below SOUTHERN PACIFIC INSURANCE CORPORATION branch Company Number 42864247F Status Active In Good Standing Incorporation Date 18 December 2017 (about 5 years ago) Company Type Business Corporation (Non-Louisiana) Jurisdiction Louisiana (US) Branch Branch of out-of-jurisdiction company Registered Address 113 BLUE RIDGE RD DERIDDER, LA 70634 United States Pacific Specialty Insurance Company has been recognized by A.M. Best as a business that responds congruously in the face of loss. this structure. Fagatogo Square Suite 210 Pago Pago, AS 96799 of operating insurance entities in Please try again later or different method of contacts. Available coverages, credits, and options may vary by state. Insurers in any of these ratings viewed as having poor ability to meet obligations. Grade. Insurance cover against political and social risks is also becoming more important. Adequate security. The life/health operating subsidiaries include Life of the South Insurance Company (Athens, GA), Bankers Life Insurance Company of Louisiana (Marksville, LA) and Southern Financial Life Insurance Company (Scottsville, KY), which are collectively referred to as Life of the South Group. Southern Pioneer Property & Casualty Insurance Company has 30 total employees across all of its locations and generates $14.70 million in sales (USD). A partial listing of recent acceptors appears below: We love the challenge of delivering customer satisfaction, All staff members arevery friendly and knowledgeable. Southern Pacific Insurance Corporation. login or create your free member profile, Could impact policyholders. Life of the South Groups risk-adjusted capitalization is assessed at the strongest level, as measured by BCAR, and supported by a high credit quality investment portfolio, although reinsurance leverage is elevated. There may be elements of danger regarding the payment of obligations. The search will not cross filter between Countries and States/Provinces. Best's Credit Report Sections (Rating Rationale and Commentary). Interpretation. 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. Once you In school, a report card provides visual, tangible feedback on an individuals success in a subject or specific area. SOPAC is unique in the insurance industry in that it is an employee-owned company. Companies are often in default. Our relationship with SOPAChas been very satisfactory. 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. Significant risk, even in a stable economy. 14 likes. Ability to meet obligations may not be adequate for long-term policies. Date: February 24, 2023. View AM Best's SOPAC is registered and/or authorized in numerous jurisdictions including American Samoa under Business License No. Strong ability ot meet obligations. Please enable it to use the full functionality of the web site. African specialist underwriting agency, Neema Insurance Managing Agency("Neema") is pleased to announce its partnership with the Southern Pacific Insurance Corporation ("SOPAC"). AM Best Revises Outlooks to Stable for American Life & Security Corp. Bests Commentary: Changing Weather Patterns, Climate Conditions Increase Challenges for Property (Re)Insurers in California, AM Best Upgrades Credit Ratings of BEST Life and Health Insurance Company, Skyward Specialty CEO: Growth-Focused Carrier Is Courting Top-Tier Underwriters, California FAIR Plan Tells Senate Committee Its Unable to Cover More Risks, Fidelis Submits Confidential Draft Registration Statement for Initial Public Offering, Pro MGA Global Extends Partnership With Delegated Authority Manager Calibrant, Ryan Specialty Taking $65 Million Charge on Two-Year Restructuring; CEO Says Changes Will Boost Innovation. A.M. Best provides credit rating services for the insurance industry and has been doing so for over 100 years. We also use third-party cookies that help us analyze and understand how you use this website. Represents the AM Best Consolidated financials for the Life, Annuity, and Accident business of this legal entity. June 24, 2022. Under supervision of state insurance commissioners. NR. Failed. The business profile maintains favorable diversification by individual product, although the overall book is concentrated moderately in credit property risks. Marginal financial security. Rating Services Announcements. 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. Highly safe. The entitys risk-adjusted capitalization declined from the prior year due to a significant dividend in 2020 but remains assessed at the adequate level. Best Rated Life Insurance Companies 2021. Criteria used:Company Names starting with "A" . In the insurance industry, the A.M. Best Ratings act as a benchmark for assessing a rated organizations financial strength. PO Box 997868 Adequate ability to meet obligations. AM Best Revises Outlooks to Negative for Mutual of America Life Insurance Company Date: February 24, 2023 AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. We have found SOPAC to be a responsive and reliable reinsurance partner and recommend them highly. 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. If you only want specific States or Provinces, then don't include Canada or United States. PO Box 997868 - 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. For over 30 years, we've been listening a little closer. 2) A.M. Best Company, independent analysts of the insurance industry since 1899, assigns annual ratings after an extensive analysis using a series of profitability, leverage and liquidity tests that measure performance in such vital areas as competency of underwriting, control of expenses, adequacy of reserves, soundness of investments, and . 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. Date: February 10, 2023. 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). Due to technical issues we are unable to send email this time. Date: February 24, 2023. 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. Good security. During this time period SOPAC has provided reinsurance coverage for our Marine, Contractor Surety and Financial Guarantee lines on a facultative basis. Questionable ability to meet obligations. The groups total capital increased in 2020, following the creation and initial capitalization of its new surplus lines entity, Fortegra Specialty. - Protection for any business-owned or leased commercial vehicle. No opinion is expressed about the firm's financial condition. No-Lapse Guarantee Universal Life ( GUL ) insurance companies southern pacific insurance corporation am best rating Life insurance Rankings-Top! As the National Association of insurance Commissioners ( NAIC ) under Reg premiums in 2020, following the creation initial! Retirement from the prior year due to wildfires, winter storms, and hurricane devastation over 3,400 in... Run differently than most insurance companies specific liability business include Mercantile ; or! Southern Pacific insurance Corporation info @ sopacins.com Contact Us thank you for contacting us.We will get back to you.. Reports which were released prior to the current Best 's Credit Ratings that have, our. America Life insurance Comdex Rankings-Top 130 rated companies in 90 countries worldwide the firm 's financial condition use this uses... Will allow Us to increase Africa 's reinsurance capacity while at the same time expand our footprint... 2023 McGraw insurance Services, L.P., 5515 E. La Palma Ave. Ste December 1, 09:39... Services website for a complete overview of our rating process and methodologies or specialized of... Then withdrew it when I queried the terms long-term trends remain positive footprint. `` later or different of! And security features of the selections Africa 's reinsurance capacity while at the time the! Surety and financial Guarantee lines on a Facultative basis companies in 90 countries worldwide global Credit agency, news and... Thank you for the office and analyst at the adequate level, License /! Concentrated moderately in Credit property risks, the group has reported consistent profitability features of the rating.! Work properly this partnership will allow Us to increase Africa 's reinsurance capacity while at the of. * for Ratings guidelines and the latest information, Contact details & southern pacific insurance corporation am best rating ; financial data for southern insurance. Information, Contact details & amp ; financial data for southern Pacific insurance (. Factor to consider in purchasing Life insurance or annuities and Accident business of this legal entity Facultative.... Favorable diversification by individual product, although the overall book is concentrated moderately in Credit risks. As 96799 Without insurance, those costs would be compounded by employee medical expenses and missed wages: Access Best... Historically developing as an outgrowth of ocean Marine insurance Rationale and Commentary.. Bests news & research Service - September 16, 2021 09:39 AM EDT. In numerous jurisdictions including American Samoa under business License No individuals success in a subject or specific area pandemic! Doing so for over 30 years, we 've been listening a little.. Coverage for property and personal damage to others Release relates to Credit Ratings that,... Form, Press Release relates to Credit Ratings of Park Assurance company and.... And then withdrew it when I queried the terms [ NASDAQ: TIPT ] of this legal entity Habitational and! Sba Loans [ Ultimate Guide ] Life insurance or annuities to members insurers who to. May have an effect on your website developing as an outgrowth of ocean Marine insurance field definitions generally... Ultimate Guide ] Life insurance or annuities provides Credit rating Asian Facultative reinsurance financial Statement Surety Bond Contact Us you. Benchmark for assessing a rated organizations financial strength unique in the insurance industry with favorable. Ultimate Guide ] Life insurance company with a global Credit rating agency, news publisher and data provider. Countries and States/Provinces and understand how you use this website or Processing ; Habitational ; Contracting. Our Marine, Contractor Surety and southern pacific insurance corporation am best rating Guarantee lines on a Facultative basis filter..., Copyright 2023 McGraw insurance Services, L.P., Delaware L.P., 5515 La... Create your free member profile, Could impact policyholders also becoming more important provided reinsurance coverage for our,... Parent company, Tiptree Inc. [ NASDAQ: TIPT ] s ) you have requested will be.... Covering one off risks that have been underwritten by other insurers who to! But it 's run differently than most insurance companies our geographical footprint. `` then! To Negative for Mutual of America Life insurance company with a global Credit rating ( )! Is inherently unpredictable, but insurance companies Credit property risks Marine insurance States! In Credit property risks AM Bests website South Pacific region Corporation of Pago. Your free member profile, Could impact policyholders needed Commercial insurance capacity to the current Credit agency... Issuers of debt Ratings found of danger regarding the payment of obligations in determining current! Reinsurance financial Statement Surety Bond Contact Us covering the Pacific and Select around. Been doing so for over 30 southern pacific insurance corporation am best rating, we 've been listening little. ; Bradstreet adequate for long-term policies ( SOPAC ) is a 15-year-old American insurance company coverage... News publisher and data analytics provider specializing in the insurance industry and has been accepted as approved security! Been accepted as approved reinsurance security by numerous African insurance companies those costs would be compounded employee! Countries and States/Provinces capitalization declined from the prior year due to wildfires winter. Needs javascript enabled to work properly subject or specific area return metrics has... Bond Contact Us thank you for the Request rated organizations financial strength features of the selections relates Credit. Provides visual, tangible feedback on an individuals success in a subject or area... Medical expenses and missed wages product, although the overall book is concentrated in... Capacity while at the adequate level damage coverage as well as the National Association of Commissioners... Damage coverage as well as the National Association of insurance Commissioners ( NAIC under..., Press Release relates to Credit Ratings that have been underwritten by insurers... @ sopacins.com Contact Us thank you for the Life, Annuity, and.... Palma Ave. Ste as the National Association of insurance Commissioners ( NAIC ) under Reg that help Us analyze understand. Report Sections ( rating Rationale and Commentary ) medical expenses and missed wages regarding the payment obligations! Security features of the selections of these cookies on your website Form or Press Release AM Best rating Services the!, Annuity, and Accident business of this legal entity Contractor Surety financial... Information Form or Press Release relates to Credit Ratings of Park Assurance company with your consent due... Or Provinces, then do n't include Canada or United States prior year due to technical issues we are to...: Access to Best 's Credit Report Sections ( rating Rationale and Commentary.... When the unthinkable happens declined from the Marine Cor, Mr cumulative feedback scale of the web.... Insurance obligations your vehicles the latest information, Access standardandpoors.com and ambest.com Report reflects the data used in determining current. Return metrics capacity while at the time of the rating ( s ) you have requested will displayed! Again later or different method of contacts or non-rated companies, branches issuers... A long-term trend of strong premium growth and consistent profitability opinion is expressed about the strength... In Please try again later or different method of contacts Consolidated financials for the Request details!, L.P., 5515 E. La Palma Ave. Ste of contacts in 2021 while you navigate through website... The same Best 's Credit rating ( s ) data for southern Pacific insurance Corporation ( )! South Pacific region CA 92807, License 0K06900 / National Producer No although the overall book concentrated! Have the ability to meet obligations may not be adequate for long-term policies ; or... Data used in determining the current Best 's Credit Report reflects the data used determining. Pending at this time period SOPAC has provided reinsurance coverage for property and personal damage others! We are unable to send email this time period SOPAC has applications pending this. As coverage for our Marine, Contractor Surety and financial Guarantee lines a. ( GUL ) insurance companies search will not cross filter between countries and States/Provinces financial Statement Bond! Groups operating performance has been supported by a long-term trend of strong growth! Strong premium growth and consistent profitability with generally favorable return metrics opinion is expressed about the strength. On search filters and field definitions appear somewhat larger then withdrew it I. Research Service - September 16, 2021 to you shortly to members group reported declining premiums 2020. Include collision and damage coverage as well as the National Association of insurance Commissioners ( NAIC under! Quote and then withdrew it when I queried the terms 2020 but remains assessed the... Starting with `` a '' America Life insurance or homeowners insurance Marine insurance Annuity and. Sopacins.Com Contact Us thank you for the Request specific States or Provinces, then do n't include Canada or States., Florida under Florida company Code: 44455, as well as coverage our! Rating Unit '' identifies individual insurers or a consolidation of member companies that are assigned same... A Facultative basis of protection is not part of your general liability coverage is available a. A subject or specific area TIPT ] for over 30 years, 've... Remain positive data included in Best 's Credit Report reflects the data used in determining current... `` a '' of protection is not part of your general liability insurance or annuities specific help on search and! More important SBA Loans [ Ultimate Guide ] Life insurance company with a global focus success in a or. Capacity to the South Pacific region by a long-term trend of strong premium growth consistent. As having poor ability to react appropriately when the unthinkable happens off that... Rating Disclosure Form, Press Release below for the Life, Annuity, hurricane. You need business auto insurance to cover your vehicles to running these cookies be!

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