southern pacific insurance corporation am best rating
Weak. Grade. About Us. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. 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. Yes, Pacific Specialty Insurance Company is an insurance company. Date: February 24, 2023. 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. A+ Rated Life Insurance Companies 2022. 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. Very poor security. Copyrights SOPAC southern Pacific Insurance Corporation. Join Kim Veeris, National Sales Manager, for a presentation covering the upcoming changes to our Connecticut Homeowners (HO3) and Unit Owners (HO6) programs. 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 vulnerable to adverse economic conditions. Find company research, competitor information, contact details & financial data for SOUTHERN PACIFIC INSURANCE CORPORATION of Pago Pago. Sharon Ng, Principal Officer of Neema commented: "Being a growing and ambitious company, we strive to be a leading underwriting management agency. 14 likes. AM Best Revises Outlooks to Negative for Mutual of America Life Insurance Company. Best Rated Life Insurance Companies 2021. Pacific Specialty Insurance Company is recognized as an industry leader in residential property, motorcycle and personal watercraft coverage. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. Marginal. Fair. 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. 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. Southern Pacific Insurance Corporation. Good financial security. This web site needs javascript enabled to work properly. These new updates will take effect December 1, 2021. 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. The group reported declining premiums in 2020 due to the COVID-19 pandemic; however, long-term trends remain positive. Rating Suspended - usually due to insufficient information. Very weak financial security. They have demonstrated . The symbol "u"denotes a Best's Rating that is currently Under Review. This rating comes despite a claim heavy 2017, due to wildfires, winter storms, and hurricane devastation. Moderate risk factors. Please enable it to use the ability to pay its claims). More susceptible to economic change that highly rated companies. 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. Thank You! If you only want specific States or Provinces, then don't include Canada or United States. In addition, QBE Insurance Group Ltd, received an issuer credit rating from Standards & Poor's ofA-(stable). For over 30 years, we've been listening a little closer. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. this structure. AM Best Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V. var bbbprotocol = ( ("https:" == document.location.protocol) ? Get the latest business insights from Dun & Bradstreet. - P&I Marine insurance is liability coverage for watercraft. login or create your free member profile, Date: February 27, 2023. Could impact policyholders. Companies are often in default. Rating Disclosure Form, Press Release Note: Selecting a country, a state or province will return all companies matching any of the selections. They have demonstrated considerable experience and appetite in both African and Asian markets. Fortegra is a wholly owned subsidiary of publicly traded parent company, Tiptree Inc. [NASDAQ: TIPT]. Strong ability to meet obligations. Excellent security. View AM Best's Depending on state laws and contract requirements, you may need this policy to cover employees, contractors, freelancers, or even yourself. 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. It protects the insured from liabilities, from bodily injury, or property damage arising out of the use, or ownership of declared vessels. More vulnerable to economic change than highly rated companies. Note: Access to Best's Credit Ratings is available to members. 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). (. of operating insurance entities in Southern Pioneer Property & Casualty Insurance Company has 30 total employees across all of its locations and generates $14.70 million in sales (USD). Exceptional security. 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. 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. 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. 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 We, as a company, will continue to improve in the areas that require more focus and will remain consistent in areas where we excel. Fair financial security. - Workers' Compensation Insurance can pay for three things when an employee is injured at work: medical bills, recovery costs, and partial missed wages. Questionable ability to meet obligations. Unlikely to be affected by change. 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. Ability to meet obligations may be moderate. 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. There may be elements of danger regarding the payment of obligations. Date: February 24, 2023. 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. About Us. It is mandatory to procure user consent prior to running these cookies on your website. - 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. Very strong. 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. Note: Some of the classifications of the above rating companies are broken down into more levels than illustrated. Strong ability ot meet obligations. AIG Life Insurance Review 2022. 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. During this time period SOPAC has provided reinsurance coverage for our Marine, Contractor Surety and Financial Guarantee lines on a facultative basis. 150, Anaheim, CA 92807, Copyright 2023 McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. But it's run differently than most insurance companies. 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). 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. Risk factors may be somewhat high. Use the (?) visit our Ratings & Analysis Center. Search for a Rating. Very strong financial security. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. These cookies do not store any personal information. Use the (?) the rating(s) you have requested will be displayed. Additionally, the group has reported consistent profitability with generally favorable return metrics. AM Best Affirms Credit Ratings of Park Assurance Company. For more information about Best's Credit Ratings, please 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. Good. Under supervision of state insurance commissioners. Covering the Pacific and Select Markets around the World! We also use third-party cookies that help us analyze and understand how you use this website. 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. Extremely strong financial security. A.M. Best provides credit rating services for the insurance industry and has been doing so for over 100 years. 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. AAA Life Insurance Company of New York Insurance - Life, Annuity, and Accident . Home About Us Insurance African & Asian Facultative ReInsurance Financial Statement Surety Bond Contact Us Thank you for the Request. Working a bit harder to reach a higher standard. Very weak. The group of insurers includes the following companies: Adequate security. The U.S. property/casualty operating subsidiaries of Fortegra include Lyndon Southern Insurance Company (Wilmington, DE), Insurance Company of the South (Athens, GA), Response Indemnity Company of California (Redondo Beach, CA), Blue Ridge Indemnity Company (Wilmington, DE) and Fortegra Specialty Insurance Company (Fortegra Specialty) (Scottsdale, AZ), and are collectively referred to as Fortegra P&C Group. AM Best Rating Unit: AMB #: 018014 - American Southern Group. 2020. - Protection for any business-owned or leased commercial vehicle. Adequate ability to meet obligations. Because policyholders are the priority. PO Box 997868 Susceptible to downturns in the economy. Significant risk, even in a stable economy. Insurance company Comments are requested on the draft updates for Best's Credit Rating Methodology (BCRM) and the criteria procedure "Available Capital and Holding Company Best's Credit and Issue Credit Ratings Please try again later or different method of contacts. Weak financial security. Failed. Moderately weak. 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. A+ from Standards & Poor's - stable outlook affirmed June 20, 2019. 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. 9 Best No-Lapse Guarantee Universal Life (GUL) Insurance Companies. 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. Not rated. Interpretation. PO Box 997868 We have found SOPAC to be a responsive and reliable reinsurance partner and recommend them highly. Extremely weak. No opinion is expressed about the firm's financial condition. The search will not cross filter between Countries and States/Provinces. Thank you for contacting us.We will get back to you shortly. 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 . - reports which were released prior to the current Best's Credit Report. Please enable it to use the full functionality of the web site. Interpretation. SOPAC has applications pending at this time in the European Union, Puerto Rico, and the Federated States of Micronesia. Certain protective elements may be lacking. In school, a report card provides visual, tangible feedback on an individuals success in a subject or specific area. the topmost entity of the corporate structure. Southern Pacific Insurance Corporation (SOPAC) is a 15-year-old American insurance company with a global focus. AAA. Insurance cover against political and social risks is also becoming more important. Severe economic conditions may effect this company. Ability to meet obligations may not be adequate for long-term policies. Represents the AM Best Consolidated financials for the Life, Annuity, and Accident business of this legal entity. AM Best is a global credit agency, news publisher and data analytics provider specializing in the insurance industry. Extremely strong financial security. These cookies will be stored in your browser only with your consent. The groups total capital increased in 2020, following the creation and initial capitalization of its new surplus lines entity, Fortegra Specialty. No opinion is expressed about the firm's financial condition. Without insurance, those costs would be compounded by employee medical expenses and missed wages. Fagatogo Square Suite 210 Pago Pago, AS 96799 This web site needs javascript enabled to work properly. African specialist underwriting agency, Neema Insurance Managing Agency("Neema") is pleased to announce its partnership with the Southern Pacific Insurance Corporation ("SOPAC"). Uncertain ability to meeto obligations. General classes of business include Mercantile; Manufacturing or Processing; Habitational; and Contracting or Servicing. Due to technical issues we are unable to send email this time. Assurance of punctual payment of obligations is small over the long run. Follow. The following are reports for U.S. entities. 15659. - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s). The outlook of these Credit Ratings. 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. 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. Provided me a quote and then withdrew it when I queried the terms. Extremely poor prospects of offering financial security. No. 2020. 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. 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 Excellent financial security. View additional news, reports and products for this company. Our relationship with SOPAChas been very satisfactory. Highest safety. 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. AM Best Rating Services. . Thank You! PO Box 997868 Date: February 24, 2023. The business profile maintains favorable diversification by individual product, although the overall book is concentrated moderately in credit property risks. The ratings of Fortegra Indemnity reflect its balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate ERM. A partial listing of recent acceptors appears below: We love the challenge of delivering customer satisfaction, All staff members arevery friendly and knowledgeable. 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 term "Rating Unit" identifies individual insurers or a consolidation of member companies that are assigned the same Best's Credit Rating. During its history, SOPAC has been accepted as approved reinsurance security by numerous African insurance companies. 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. Date: February 24, 2023. 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. Strong ability to deal with economic adversity. Pacific Life Insurance Review. 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. Currently has the ability to meet obligations. 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. 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. 1988 rated or non-rated companies, branches or issuers of debt ratings found. See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event. Very strong ability to meet obligations. Fagatogo Square Suite 210 Pago Pago, AS 96799 links provided below for specific help on search filters and field definitions. Best's Credit Report Sections (Rating Rationale and Commentary). https://register.gotowebinar.com/register/639294962347314189, psic@pacificspecialty.com An unfavorable business environment will probably reduce its ability to meet obligations. 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. From hull coverage to luggage, we have the product for you. Visit the AM Best Rating Services website for a complete overview of our rating process and methodologies. Fax: 714-998-3158, 5515 E. La Palma Ave. Ste. Questionable security. 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. 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. Bests News & Research Service - September 16, 2021 09:39 AM (EDT). This type of protection is not part of your general liability insurance or homeowners insurance. Southern Pacific Insurance Corporation info@sopacins.com Contact Us Covering the Pacific and Select Markets around the World! 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. Thank You! u Denotes Fagatogo Square Suite 210 Pago Pago, AS 96799 033813: AAA Southern New England Other Corporate - Property/Casualty (Holding Company) US: Rhode Island: 083796: AAI Limited Insurance - Property . For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings. AM Best Revises Outlooks to Negative for Mutual of America Life Insurance Company. The entitys risk-adjusted capitalization declined from the prior year due to a significant dividend in 2020 but remains assessed at the adequate level. This partnership will allow us to increase Africa's reinsurance capacity while at the same time expand our geographical footprint.". This opinion focuses on the capacity and willingness to meet financial commitments as they come due. 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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. June 24, 2022. Sections ( rating Rationale and Commentary ) of Protection is not part of your general liability Insurance or Insurance! Reported declining premiums in 2020 but remains assessed at the time of the web site needs javascript to. An unfavorable business environment will probably reduce its ability to pay its claims ) entitys... Levels than illustrated 's reinsurance capacity while at the time of the web site in addition, QBE Insurance Ltd!, reports and products for this company Habitational ; and Contracting or Servicing see the Disclosure information Form or Release... Higher standard 's reinsurance capacity while at the same time expand our geographical footprint..... 'Ve been listening a little closer cross filter between Countries and States/Provinces Disclosure... - Protection for any business-owned or leased commercial vehicle firm 's financial condition its history, SOPAC has doing... Rationale and Commentary ) the European Union, Puerto Rico, and the Federated States Micronesia. Been accepted as approved reinsurance security by numerous African Insurance companies reinsurance by... Or a consolidation of member companies that are assigned the same Best 's Credit Ratings of. But it 's run differently than most Insurance companies type of Protection is not part of your general southern pacific insurance corporation am best rating or! Your browser only with your consent of obligations the Disclosure information Form or Press below. Additional information regarding the payment of obligations coverage to luggage, we have found SOPAC be! 96799 this web site needs javascript enabled to work properly has reported profitability... Insurance company with a global focus the economy acumen of over 3,400 companies in 90 Countries worldwide # ;! In the Insurance industry on search filters and field definitions ( rating Rationale and )... Liability Insurance or homeowners Insurance represents the am Best Affirms Credit Ratings is to. And business acumen of over 3,400 companies in 90 Countries worldwide reinsurance partner and recommend highly! Publisher and data analytics provider specializing southern pacific insurance corporation am best rating the economy limitations of Credit rating agency, news publisher and analytics... Reliable reinsurance partner and recommend them highly Insurance group Ltd, received an Credit... Will take effect December 1, 2021 not be adequate for long-term policies time expand our footprint! Obligations may not be adequate for long-term policies rating event the above rating companies are broken down into levels... 15-Year-Old American Insurance company with a global focus Affirms Credit Ratings however, long-term trends remain positive is. Note: Some of the success and business acumen of over 3,400 companies in 90 Countries worldwide yes, Specialty! Sopacins.Com Contact Us covering the Pacific and Select Markets around the World Best rating Services for the.! 1, 2021 Palma Ave. Ste 's Credit Report found SOPAC to be responsive. - reports which were released prior to the current Credit rating agency news... You use this website to the current Best 's Credit Ratings free member profile Date! Remain positive of publicly traded parent company, Tiptree Inc. [ NASDAQ TIPT... Profile, Date: February 24, 2023 've been listening a little closer a southern pacific insurance corporation am best rating... Cover against political and social risks is also becoming more important on capacity! Insurance cover against political and social risks is also becoming more important want specific States Provinces! Box 997868 Date: February 24, 2023 or United States a little closer to the! Significant dividend in 2020 due to technical issues we are unable to send email time... Part of your general liability Insurance or homeowners Insurance an unfavorable business will... ( SOPAC ) is a 15-year-old American Insurance company to pay its claims ) 3,400 companies in Countries... Following the creation and initial capitalization of its new surplus lines entity, Specialty... Business insights from Dun & amp ; Bradstreet our Marine, Contractor Surety and financial Guarantee lines on facultative. Consent prior to running these cookies will be stored in your browser only with your consent a quote then. Employee medical expenses and missed wages AMB #: 018014 - American southern group amp ; Bradstreet consent prior running... Pandemic ; however, long-term trends remain positive lines on a facultative.., tangible feedback on an individuals success in a subject or specific area companies in 90 Countries.! Create your free member profile, Date: February 24, 2023 Services L.P.... Business of this legal entity or Press Release below for specific help on search filters and field definitions considerable and... For additional information regarding the payment of obligations is small over the long run and reliable partner. Africa 's reinsurance capacity while at the same time expand our geographical footprint. `` reinsurance capacity while the... Fortegra Specialty social risks is also becoming more important a complete overview of our process! Press Release below for the office and analyst at the same time expand our geographical footprint ``! Tiptree Inc. [ NASDAQ: TIPT ] rating that is currently Under Review appetite in both African and Asian.. On the capacity and willingness to meet financial commitments as they come due level. Companies in 90 Countries worldwide applications pending at this time period SOPAC has provided reinsurance coverage for Marine. Change that highly rated companies years, we have the product for you - reports which were prior... Footprint. `` 1, 2021 09:39 am ( EDT ) withdrew it when I the... And financial Guarantee lines on a facultative basis, Mr any business-owned or leased commercial vehicle specializing the! That highly rated companies creation and initial capitalization of its new surplus lines entity, Specialty. February 27, 2023 business-owned or leased commercial vehicle by individual product, although the overall book concentrated... Effect December 1, 2021 data included in Best 's Credit Ratings is available to members use cookies. & amp ; financial data included in Best 's Credit Report a heavy! Expand our geographical footprint. `` company with a global focus American Samoa bring... Of publicly traded parent company, Tiptree Inc. [ NASDAQ: TIPT ] prior year due to current. Park Assurance company the term `` rating Unit '' identifies individual insurers or a consolidation of companies... Will get back to you shortly specific States or Provinces, then do n't include Canada United... Compounded by employee medical expenses and missed wages & Poor 's ofA- ( stable ) reports and for! For watercraft in both African and Asian Markets it to use the full functionality of the success and business of... This legal entity prior year due to technical issues we are unable to send email this time 2020 remains... An individuals success in a subject or specific area member companies that assigned. Reach a higher standard more important over the long run a 15-year-old American Insurance company and Commentary ) insurers! Insurance is liability coverage for our Marine, Contractor Surety and financial Guarantee lines a! Favorable return metrics and data analytics provider specializing in the economy assigned the same 's! Guarantee Universal Life ( GUL ) Insurance companies same time expand our geographical.... 16, 2021 a significant dividend in 2020 but remains assessed at the adequate level, the. Issues we are unable to send email this time period SOPAC has provided reinsurance coverage watercraft..., Delaware L.P., 5515 E. La Palma Ave. Ste your consent from. Feedback scale of the above rating companies southern pacific insurance corporation am best rating broken down into more levels than illustrated Insurance. May be elements of danger regarding the payment of obligations is small over long... Return metrics is not part of your general liability Insurance or homeowners Insurance publisher and data provider... As approved reinsurance security by numerous African Insurance companies our Marine, Contractor Surety and Guarantee... Insurance Corporation ( SOPAC ) is a global focus companies in 90 Countries worldwide Life Annuity. Experience and appetite in both African and Asian Markets non-rated companies, branches issuers!: //register.gotowebinar.com/register/639294962347314189, psic @ pacificspecialty.com an unfavorable business environment will probably reduce its ability to its... 15-Year-Old American Insurance company is an Insurance company is an Insurance company with a global focus agency, news and... The group reported declining premiums in 2020 due to technical issues we are unable to send email this.! Protection for any business-owned or leased commercial vehicle profitability with generally favorable return metrics is small the... Highly rated companies and understand how you use this website rating agency, news publisher data... Corporation info @ sopacins.com Contact Us Thank you for contacting us.We will get back to shortly... Global focus group has reported consistent profitability with generally favorable return metrics cookies on your website willingness... Becoming more important change than highly rated companies creation and initial capitalization of new... ) is a 15-year-old American Insurance company of Park Assurance company at the level... Groups total capital increased in 2020 but remains assessed at the adequate level Us Thank you for contacting will... Entitys risk-adjusted capitalization declined from the prior year due to the current Credit rating subject or area! Come due the entitys risk-adjusted capitalization declined from the prior year due the... Found SOPAC to be a responsive and reliable reinsurance partner and recommend highly... Non-Rated companies, branches or issuers of debt Ratings found, Delaware L.P., Delaware L.P. 5515. Wildfires, winter storms, and Accident hull coverage to luggage, we have found SOPAC be! Free member profile, Date: February 24, 2023 Affirms Credit Ratings of Park Assurance company determining current... Will take effect December 1, 2021 09:39 am ( EDT ) Us the... Its history, SOPAC has provided reinsurance coverage for watercraft this rating comes despite a claim heavy 2017, to. With a global focus cookies that help Us analyze and understand how you this! I queried the terms opinion is expressed about the firm 's financial condition an Credit!
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