Avoid this company! Fagatogo Square Suite 210 Pago Pago, AS 96799 Claims: 800-962-1172 Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. 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. If you only want specific States or Provinces, then don't include Canada or United States. To protect the private owner and smaller commercial operations, we offer full protection designed to fit your exact needs. 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. Under supervision of insurance regulators. They have demonstrated considerable experience and appetite in both African and Asian markets. Southern Pacific Insurance Corporation info@sopacins.com Contact Us Covering the Pacific and Select Markets around the World! 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. Fagatogo Square Suite 210 Pago Pago, AS 96799 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. Moderate risk factors. Note: Some of the classifications of the above rating companies are broken down into more levels than illustrated. 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. 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 Copyrights SOPAC southern Pacific Insurance Corporation. About Us. AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. Rating Suspended - usually due to insufficient information. 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. 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. Thank you for contacting us.We will get back to you shortly. AM Best Rating Services. Covering the Pacific and Select Markets around the World! Good financial security. Risk factors may be somewhat high. 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"). Interpretation. Highly vulnerable to adverse economic conditions. Covering the Pacific and Select Markets around the World! Lower than Aaa because long-term risks appear somewhat larger. Criteria used:Company Names starting with "A" . The group of insurers includes the following companies: 2020. Individual or Business Insurance?Individual InsuranceBusiness Insurance*, Please select a type of individual insurance.Life InsuranceLong Term CareAnnuityDisabilityCritical IllnessMedigapTravel CoverageDental and Vision, Please select a type of business insurance.Life InsuranceDisabilityCritical IllnessGroup Life & LTD Insurance, Copyright 2023 South Pacific Insurance, PO Box 893519 Highest safety. This rating comes despite a claim heavy 2017, due to wildfires, winter storms, and hurricane devastation. 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). Once you Distressed. - General Liability coverage is available for a wide range of risks. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Weak. Ability to meet obligations may not be adequate for long-term policies. Fair financial security. Pago Pago, American Samoa 96799. In addition, SOPAC supports extensive Surety markets in the United Kingdom (UK) and New Zealand within the parameters of regulatory compliance in those jurisdictions. The following are reports for U.S. entities. Note: Access to Best's Credit Ratings is available to members. https://register.gotowebinar.com/register/639294962347314189, psic@pacificspecialty.com 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. AM Best has provided ratings & analysis on this company since 1928. Adequate ability to meet obligations. This web site needs javascript enabled to work properly. 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. Strong ability to meet obligations. 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. Strong financial security. Join Kim Veeris, National Sales Manager, for a presentation covering the upcoming changes to our Connecticut Homeowners (HO3) and Unit Owners (HO6) programs. Susceptible to downturns in the economy. See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event. 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. Yes, Pacific Specialty Insurance Company is an insurance company. 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. Copyrights SOPAC southern Pacific Insurance Corporation. Excellent security. Highly safe. Currently able to meet obligations. 15659. Please note that consolidated data records or branch companies are indented below their respective legal entity. 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 The group reported declining premiums in 2020 due to the COVID-19 pandemic; however, long-term trends remain positive. You need business auto insurance to cover your vehicles. You also have the option to opt-out of these cookies. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Necessary cookies are absolutely essential for the website to function properly. 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). Moving a bit faster. The outlook of these Credit Ratings. The groups total capital increased in 2020, following the creation and initial capitalization of its new surplus lines entity, Fortegra Specialty. There may be elements of danger regarding the payment of 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. - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s). Adequate security. 17486061. Excellent. It is mandatory to procure user consent prior to running these cookies on your website. Very weak. u Denotes This web site needs javascript enabled to work properly. 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. For over 30 years, we've been listening a little closer. Get the latest business insights from Dun & Bradstreet. Weak financial security. AM Best Rating Unit: AMB #: 018014 - American Southern Group. SOPAC has achieved 100% year-on-year increases in net written premium for the past 5consecutive years while its Balance Sheet Capital has increased to $261,604,178to support this unprecedented growth. Learn more today! Moderate risk factors. Available coverages, credits, and options may vary by state. Visit the AM Best Rating Services website for a complete overview of our rating process and methodologies. AIG Life Insurance Review 2022. Extremely strong financial security. This category only includes cookies that ensures basic functionalities and security features of the website. - Protection for any business-owned or leased commercial vehicle. Note: Selecting a country, a state or province will return all companies matching any of the selections. Provided me a quote and then withdrew it when I queried the terms. Best Rated Life Insurance Companies 2021. Pacific Life Insurance Review. Thank You! 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. PO Box 997868 the topmost entity of the corporate structure. Currently has the ability to meet obligations. This press release relates to Credit Ratings that have been published on AM Bests website. 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). Please enable it to use Rating Services Announcements. 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. 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. Please enable it to use the full functionality of the web site. AAA. Good security. Date: February 10, 2023. The search will not cross filter between Countries and States/Provinces. In school, a report card provides visual, tangible feedback on an individuals success in a subject or specific area. Fair. 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. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. Copyrights SOPAC southern Pacific Insurance Corporation. Not rated. Over time, SOPAC's market focus has expanded to include the Caribbean, Mainland US, Europe, Africa, the Middle East, Central Asia, and South America. Comments are requested on the draft updates for Best's Credit Rating Methodology (BCRM) and the criteria procedure "Available Capital and Holding Company Date: February 3 . Home About Us Insurance African & Asian Facultative ReInsurance Financial Statement Surety Bond Contact Us Thank you for the Request. Covering one off risks that have been underwritten by other insurers who need to reduce their specific liability. links provided below for specific help on search filters and field definitions. Strong ability to deal with economic adversity. 2020. Professional liability insurance is required by law in some areas for certain kinds of professional practices, especially medical and legal, where it is more commonly called malpractice insurance. Search for a Rating. Pacific Specialty Insurance Company has been recognized by A.M. Best as a business that responds congruously in the face of loss. *For ratings guidelines and the latest information, access standardandpoors.com and ambest.com. More vulnerable to economic change than highly rated companies. View AM Best's Represents the AM Best Consolidated financials for the Life, Annuity, and Accident business of this legal entity. 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. The business profile maintains favorable diversification by individual product, although the overall book is concentrated moderately in credit property risks. 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. - Workers' Compensation Insurance can pay for three things when an employee is injured at work: medical bills, recovery costs, and partial missed wages. Failed. 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. Fortegra is a wholly owned subsidiary of publicly traded parent company, Tiptree Inc. [NASDAQ: TIPT]. 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. SOPAC has applications pending at this time in the European Union, Puerto Rico, and the Federated States of Micronesia. 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. 42864247F, Florida under Florida Company Code: 44455, as well as the National Association of Insurance Commissioners (NAIC) under Reg. - 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. Exceptional security. 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. Exceptionally strong. 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