September A.M. Best. Credit Ratings Non-U.S.

Transcription

1 September 2013 A.M. Best Credit Ratings Non-U.S.

2 This report includes credit ratings for all Non-U.S. companies rated by A.M. Best Company, as well as their Outlooks and s. Credit ratings consist of the Financial Strength Rating () and Issuer Credit Rating (ICR) for each company. Detailed reports, including rationales, are made available to subscribers on our website shortly after ratings are released. These company reports have been considerably enhanced, reflecting expanded financial analysis and commentary. For explanations of rating terminology, refer to the Guides to Best s Ratings following this report. Credit ratings are effective as of 23 August, For current ratings please visit A.M. Best A.M. Best Credit Ratings (Non-U.S.) Country Totals Algeria Anguilla Antigua and Barbuda... 1 Australia Austria Bahamas Bahrain... 8 Barbados Belgium Bermuda Bhutan... 1 Bosnia and Herzegovina Brazil Canada Cayman Islands China... 7 Costa Rica Cyprus... 1 Dominican Republic Egypt... 1 Finland France Germany Ghana... 1 Guam... 5 Guernsey... 3 Hong Kong India... 4 Indonesia... 2 Ireland Isle of Man... 1 Italy Jamaica... 1 Japan Jordan... 5 Kazakhstan... 4 Kenya... 3 Kuwait... 4 Lebanon... 3 September 2013 Liechtenstein... 4 Luxembourg... 7 Macau... 4 Malaysia... 6 Malta Mexico... 8 Micronesia, Federated States of... 1 Morocco... 1 Netherlands... 2 New Zealand Nigeria... 4 Northern Mariana Islands... 1 Oman... 1 Pakistan Panama... 8 Philippines... 2 Poland Puerto Rico Qatar Russia... 4 Saudi Arabia... 3 Singapore Slovenia... 3 South Africa... 1 South Korea... 8 Spain St. Maarten... 1 Sweden... 2 Switzerland Taiwan... 3 Thailand... 2 Trinidad and Tobago... 3 Tunisia... 1 Turkey... 1 Ukraine... 1 United Arab Emirates United Kingdom Vietnam... 3 Algeria Compagnie Centrale de Reassurance bbb- Stable B+ Stable Anguilla Nagico Insurance Company Limited Nagico Holdings Limited bbb Stable B++ Stable Antigua And Barbuda Caribbean Alliance Insurance Company Limited a- Positive A- Positive Australia AIG Australia Limited American International Group, Inc a Stable A Stable Ansvar Insurance Limited Allchurches Trust Limited a- Stable A- Stable Chubb Insurance Company of Australia Limited The Chubb Corporation aa+ Stable A++ Stable First American Title Insurance Company of Australia Pty Limited First American Financial Corporation a- Positive A- Positive General Reinsurance Australia Ltd Berkshire Hathaway Inc aa+ Stable A++ Stable General Reinsurance Life Australia Ltd. Berkshire Hathaway Inc aa+ Stable A++ Stable Copyright 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED. No part of this report or document may be distributed in any electronic form or by any means, or stored in a database or retrieval system, without the prior written permission of the A.M. Best Company. For additional details, refer to our Terms of Use available at the A.M. Best Company website:

3 australia (continued) Guild Insurance Limited The Pharmacy Guild of Australia a- Stable A- Stable QBE Insurance (International) Ltd QBE Insurance Group Limited a+ Negative A Stable Austria Garant Versicherungs-Aktiengesellschaft Office National du Ducroire a- Stable A- Stable Bahamas Atlantic Medical Insurance Limited Edmund Gibbons Limited a- Stable A- Stable Bahamas First General Insurance Company Limited Bahamas First Holdings Limited a- Stable A- Stable Colina Insurance Limited AF Holdings Ltd. a- Stable A- Stable Family Guardian Insurance Company Limited Famguard Corporation Limited bbb+ Stable B++ Stable RoyalStar Assurance Limited a- Positive A- Positive Security and General Insurance Company Limited Edmund Gibbons Limited a- Stable A- Stable Bahrain ACE American Insurance Company (Bahrain Branch) aa Positive A+ Positive ACR ReTakaful MEA B.S.C. (c) ACR ReTakaful Holdings Limited a- Stable A- Stable Arab Insurance Group (B.S.C.) Arab Insurance Group (B.S.C.) bbb+ Stable B++ Stable Bahrain Kuwait Insurance Company B.S.C. Gulf Insurance Company K.S.C. a- Stable A- Stable The Bahrain National Insurance Company BSC (c) Bahrain National Holding Company BSC bbb+ Stable B++ Stable Life Insurance Corporation (International) B.S.C. (C) Life Insurance Corporation of India bbb+ Negative B++ Negative Takaful International Company BSC bbb Stable B++ Stable Trust International Insurance & Reinsurance Company B.S.C. (c) Trust Re Nest Investments (Holdings) Limited a- Stable A- Stable Barbados BMO Reinsurance Limited Bank of Montreal a+ Stable A Stable CIBC Reinsurance Company Limited Canadian Imperial Bank of Commerce a+ Stable A Stable DuraRock Reinsurance, Ltd. Matthew T. Moroun a Stable A Stable Energy Insurance Mutual Limited Energy Insurance Mutual Limited a Stable A Stable Evergreen Indemnity, Ltd. a- Stable A- Stable Harmony General Insurance Company Ltd. ABH Holdings Inc. bbb- Stable B+ Stable Insurance Corporation of Barbados Limited BF&M Limited a- Stable A- Stable London Life and Casualty (Barbados) Corporation Great-West Lifeco Inc a+ Stable A Stable Royal Bank of Canada Insurance Company Ltd Royal Bank of Canada a+ Stable A Stable Sagicor Capital Life Insurance Company Limited Sagicor Financial Corporation a- Stable A- Stable Sagicor General Insurance Inc. Sagicor Financial Corporation a- Stable A- Stable Sagicor Life Inc. Sagicor Financial Corporation a- Stable A- Stable Scotia Insurance (Barbados) Limited Bank of Nova Scotia a+ Stable A Stable TD Reinsurance (Barbados) Inc. Toronto-Dominion Bank a+ Stable A Stable United Insurance Company Limited Neal & Massy Holdings Limited a- Stable A- Stable Wentworth Insurance Company Limited Fairfax Financial Holdings Limited a- Stable A- Stable Belgium CIGNA Europe Insurance Company S.A. - N.V. Cigna Corporation a Stable A Stable CIGNA Life Insurance Company of Europe S.A.-N.V. Cigna Corporation a Stable A Stable Bermuda AAA Life Re, Ltd. American Automobile Association Inc a- Stable A- Stable ACE Bermuda Insurance Ltd. ACE Limited aa Positive A+ Positive ACE Tempest Life Reinsurance Ltd. ACE Limited aa Positive A+ Positive ACE Tempest Reinsurance Ltd. ACE Limited aa Positive A+ Positive ACP Re Ltd Michael Karfunkel Grantor Annuity Trust a- Stable A- Stable Aetna Life & Casualty (Bermuda) Ltd. Aetna Inc a+ Stable A Stable Ageas Insurance Company (Asia) Limited Ageas N.V. a- Stable A- Stable Allied World Assurance Company, Ltd Allied World Assurance Co Holdings AG a Positive A Stable Alterra Bermuda Limited Markel Corporation a Stable A Stable American Contractors Insurance Group Ltd American Contractors Insurance Group Ltd a+ Stable A Stable American International Reinsurance Company, Ltd. American International Group, Inc a Stable A Stable American Safety Reinsurance Limited American Safety Insurance Holdings, Ltd. a u Negative A u Negative AmerInst Insurance Company, Ltd. AmerInst Insurance Group, Ltd a- Stable A- Stable AmTrust International Insurance, Ltd. AmTrust Financial Services, Inc a Stable A Stable Arch Reinsurance Ltd Arch Capital Group Ltd. aa- Stable A+ Stable Ardellis Insurance Ltd Universal Forest Products Inc a- Stable A- Stable Arden Reinsurance Company Ltd. Arden Holdings, Ltd. a- u Negative A- u Negative Argo Re Ltd. Argo Group International Holdings, Ltd a Stable A Stable Argus Insurance Company Limited Argus Group Holdings Limited bbb Stable B++ Stable Aspen Bermuda Limited Aspen Insurance Holdings Limited a Stable A Stable Associated Electric & Gas Insurance Services Limited (AEGIS) a- Positive A- Positive Attorneys' Liability Assurance Society (Bermuda) Ltd. Attorneys' Liability Assr Society (BM) a Stable A Stable Aurigen Reinsurance Limited Aurigen Capital Limited a- Stable A- Stable AXIS Specialty Limited AXIS Capital Holdings Limited a+ Positive A Positive Bermuda Life Insurance Company Limited Argus Group Holdings Limited bbb Stable B++ Stable BF&M General Insurance Company Limited BF&M Limited a Stable A Stable BF&M Life Insurance Company Limited BF&M Limited a Stable A Stable BNY Trade Insurance Ltd. Bank of New York Mellon Corp a+ Stable A Stable CastlePoint Reinsurance Company Limited Tower Group International, Ltd. a- u Negative A- u Negative September

4 bermuda (continued) Catlin Insurance Company Limited Catlin Group Limited a Stable A Stable Chubb Atlantic Indemnity Ltd. The Chubb Corporation aa+ Stable A++ Stable Citadel Reinsurance Company Limited Sirius International Limited a- Stable A- Stable Coastal Medical Insurance Ltd. Meridian Health System and Affiliates a- Positive A- Positive Colonial Insurance Company Limited Edmund Gibbons Limited a- Stable A- Stable Colonial Life Assurance Company Limited Edmund Gibbons Limited a- Stable A- Stable Colonial Medical Insurance Company Limited Edmund Gibbons Limited a- Stable A- Stable Commonwealth Annuity and Life Reinsurance Company, Ltd. Global Atlantic Financial Group a- u Negative A- u Negative Corporate Officers & Directors Assurance Ltd. ACE Limited aa Positive A+ Positive Crown Global Life Insurance (Bermuda) Limited Crown Global Insurance, LLC bbb+ Stable B++ Stable Crown Global Life Insurance Limited Crown Global Insurance, LLC bbb+ Stable B++ Stable DaVinci Reinsurance Ltd RenaissanceRe Holdings Ltd a+ Stable A Stable Endurance Specialty Insurance Ltd. Endurance Specialty Holdings Ltd. a Stable A Stable Everest International Reinsurance, Ltd. Everest Re Group Ltd aa- Stable A+ Stable Everest Reinsurance (Bermuda), Ltd. Everest Re Group Ltd aa- Stable A+ Stable Evergreen Reinsurance Company, Ltd. Evergreen International S.A. a Stable A Stable Genesis Limited a Stable A Stable GeoVera Re, Ltd. Flexpoint Ultimate Mgmt II (Cayman) Ltd. a Stable A Stable Hannover Life Reassurance Bermuda Limited HDI V.a.G. aa- Stable A+ Stable Hannover Re (Bermuda) Ltd. HDI V.a.G. aa- Stable A+ Stable Heddington Insurance Limited Chevron Corporation a+ Stable A Stable Hiscox Insurance Company (Bermuda) Limited Hiscox Ltd a+ Stable A Stable IAT Reinsurance Company Ltd. IAT Reinsurance Company Ltd. a- Stable A- Stable International General Insurance Company Limited International General Insur Holdings Ltd a- Stable A- Stable Ironshore Insurance Ltd. Ironshore Inc. a Stable A Stable JRG Reinsurance Company Ltd. Franklin Holdings (Bermuda) Ltd. a- Stable A- Stable Lancashire Insurance Company Limited Lancashire Holdings Limited a Positive A Stable Lantana Insurance Ltd QBE Insurance Group Limited a+ Negative A Stable Lion Reinsurance Company Limited Grupo ASSA, S.A. a- Stable A- Stable Maiden Insurance Company Ltd. Maiden Holdings, Ltd. a- Stable A- Stable Montpelier Reinsurance Ltd. Montpelier Re Holdings Ltd. a Stable A Stable MS Frontier Reinsurance Ltd MS&AD Insurance Group Holdings, Inc. a+ Stable A Stable NEWGT Reinsurance Company, Ltd. ITOCHU Corporation a- Stable A- Stable Nissan Global Reinsurance, Ltd. Nissan Motor Co., Ltd. a- Stable A- Stable North Rock Insurance Company Limited Loews Corporation a Stable A Stable Oil Casualty Insurance, Ltd a- Stable A- Stable PaCRe Ltd. a- Stable A- Stable Partner Reinsurance Company Ltd. PartnerRe Ltd aa- Stable A+ Stable Platinum Underwriters Bermuda, Ltd Platinum Underwriters Holdings Ltd a Stable A Stable PMG Assurance Ltd. Sony Corporation a- Negative A- Negative Queen's Island Insurance Company Ltd. W. R. Berkley Corporation aa- Stable A+ Stable R.V.I. Guaranty Co., Ltd. Quantum Partners Ltd. bbb+ Stable B++ Stable Rembrandt Insurance Company, Ltd. Vitol Holding B V a Stable A Stable Renaissance Reinsurance Ltd. RenaissanceRe Holdings Ltd aa- Stable A+ Stable RenaissanceRe Specialty Risks Ltd. RenaissanceRe Holdings Ltd a Stable A Stable RenaissanceRe Specialty U.S. Ltd. a Stable A Stable S.A.C. Re, Ltd. S.A.C. Re Holdings, Ltd. a- u Negative A- u Negative Sorford Surety Insurance Co. Ltd. bb+ Stable B Stable Starr Insurance & Reinsurance Limited Starr International Company, Inc. a Stable A Stable State Farm International Life Insurance Company Ltd. State Farm Mutual Automobile Ins Co aa Stable A+ Stable The Stuart Insurance Group, Ltd. a- Stable A- Stable Third Point Reinsurance Company Ltd. Third Point Reinsurance Ltd. a- Stable A- Stable Through Transport Mutual Insurance Association Limited Through Transport Mutual Ins Assoc Ltd a- Stable A- Stable Tokio Millennium Re Ltd. Tokio Marine Holdings, Inc. aa+ Stable A++ Stable Top Layer Reinsurance Ltd State Farm Mutual Automobile Ins Co aa- Stable A+ Stable Torus Insurance (Bermuda) Limited Torus Insurance Holdings Limited a- u Negative A- u Negative Transmonde Services Insurance Company Limited SGS SA a Stable A Stable Validus Reinsurance, Ltd. Validus Holdings, Ltd. a Stable A Stable Wilton Reinsurance Bermuda Limited Wilton Re Holdings Limited a Stable A Stable Wind River Reinsurance Company, Ltd. Global Indemnity plc a Stable A Stable XL Insurance (Bermuda) Ltd XL Group plc a Stable A Stable XL Life Ltd XL Group plc a- Stable A- Stable XL Re Ltd XL Group plc a Stable A Stable Bhutan Royal Insurance Corporation of Bhutan Limited bbb- Stable B+ Stable Bosnia And Herzegovina Bosna Reosiguranje d.d. Sarajevo bbb- Stable B+ Stable Brazil IRB - Brasil Resseguros S.A. IRB - Brasil Resseguros S.A. a- Stable A- Stable Terra Brasis Resseguros bbb Stable B++ Stable September

5 Canada ACE INA Insurance ACE Limited aa Positive A+ Positive Aetna Life Insurance Company (Canada Branch) a+ Stable A Stable Affiliated FM Insurance Company (Canada Branch) aa Stable A+ Stable AIG Insurance Company of Canada American International Group, Inc a Stable A Stable Allianz Global Risks US Insurance Company (Canada Branch) aa- Stable A+ Stable Allianz Life Insurance Company of North America (Canada Branch) a+ Stable A Stable Allstate Insurance Company (Canada Branch) aa- Stable A+ Stable American Agricultural Insurance Company (Canada Branch) a- Stable A- Stable American Bankers Insurance Company of Florida (Canada Branch) a Stable A Stable American Bankers Life Assurance Company of Florida (Canada Branch) a- Stable A- Stable American Health and Life Insurance Company (Canada Branch) a- Stable A- Stable American Income Life Insurance Company (Canada Branch) aa- Stable A+ Stable The American Road Insurance Company (Canada Branch) a Stable A Stable Arch Insurance Canada Ltd. aa- Stable A+ Stable Associated Electric & Gas Insurance Services Limited (Canada Branch) a- Positive A- Positive Assumption Mutual Life Insurance Company a- Stable A- Stable Assurant Life of Canada Assurant Inc a- Stable A- Stable Aurigen Reinsurance Company Aurigen Capital Limited a- Stable A- Stable Aviva Insurance Company of Canada AVIVA plc a+ Negative A Stable AXA Assurances Inc. Intact Financial Corporation aa- Stable A+ Stable AXA Equitable Life Insurance Company (Canada Branch) aa- Negative A+ Negative AXA Insurance (Canada) Intact Financial Corporation aa- Stable A+ Stable AXA Pacific Insurance Company Intact Financial Corporation aa- Stable A+ Stable AXIS Reinsurance Company (Canada Branch) a+ Positive A Positive Belair Insurance Company Inc. Intact Financial Corporation aa- Stable A+ Stable Berkley Insurance Company (Canada Branch) aa- Stable A+ Stable Blue Cross Life Insurance Company of Canada a- Stable A- Stable BMO Life Assurance Company Bank of Montreal a Stable A Stable The Boiler Inspection and Insurance Company of Canada Munich Reinsurance Company aa+ Stable A++ Stable Caisse Centrale de Reassurance (Canada Branch) aa+ Negative A++ Negative The Canada Life Assurance Company Great-West Lifeco Inc aa Stable A+ Stable Canadian Premier Life Insurance Company Aegon N.V. a Stable A Stable Canassurance Hospital Service Association Canassurance Hospital Service Assn a Stable A Stable Canassurance Insurance Company Canassurance Hospital Service Assn a Stable A Stable Cherokee Insurance Company (Canada Branch) a Stable A Stable Chicago Title Insurance Company (Canada Branch) a- Positive A- Positive Chubb Insurance Company of Canada The Chubb Corporation aa+ Stable A++ Stable CMFG Life Insurance Company (Canada Branch) a Stable A Stable Co-operators Life Insurance Company The Co-operators Group Limited a Stable A Stable Coachman Insurance Company Province of Saskatchewan a- Stable A- Stable Combined Insurance Company of America (Canada Branch) aa- Stable A+ Stable Connecticut General Life Insurance Company (Canada Branch) a Stable A Stable Continental Casualty Company (Canada Branch) a Stable A Stable Co-operators General Insurance Company The Co-operators Group Limited a- Stable A- Stable CorePointe Insurance Company (Canada Branch) a- Stable A- Stable Darwin National Assurance Company (Canada Branch) a Positive A Stable Ecclesiastical Insurance Office plc (Canada Branch) a Stable A Stable Echelon General Insurance Company EGI Financial Holdings Inc. bbb+ Stable B++ Stable Economical Mutual Insurance Company Economical Mutual Insurance Company a- Stable A- Stable Electric Insurance Company (Canada Branch) a Positive A Stable Elite Insurance Company AVIVA plc a+ Negative A Stable The Empire Life Insurance Company E-L Financial Corp Ltd a Stable A Stable Employers Insurance Company of Wausau (Canada Branch) a Stable A Stable Employers Reassurance Corporation (Canada Branch) a- Stable A- Stable Euler Hermes North America Insurance Company (Canada Branch) aa- Stable A+ Stable Everest Insurance Company of Canada Everest Re Group Ltd aa- Stable A+ Stable Everest Reinsurance Company (Canada Branch) aa- Stable A+ Stable Factory Mutual Insurance Company (Canada Branch) aa Stable A+ Stable Federal Insurance Company (Canada Branch) aa+ Stable A++ Stable Federated Insurance Company of Canada Fairfax Financial Holdings Limited a Stable A Stable Finial Reinsurance Company (Canada Branch) a- Stable A- Stable First American Title Insurance Company (Canada Branch) a- Positive A- Positive First Canadian Insurance Corporation Firstcan Management, Inc. a- Stable A- Stable Foresters Life Insurance Company Independent Order of Foresters a- Stable A- Stable General American Life Insurance Company (Canada Branch) aa- Stable A+ Stable General Re Life Corporation (Canada Branch) aa+ Stable A++ Stable General Reinsurance Corporation (Canada Branch) aa+ Stable A++ Stable Gerber Life Insurance Company (Canada Branch) a Stable A Stable Great American Insurance Company (Canada Branch) a+ Positive A Positive The Great-West Life Assurance Company Great-West Lifeco Inc aa Stable A+ Stable September

6 canada (continued) The Guarantee Company of North America Princeton Holdings Limited a Stable A Stable Hannover Rueck SE (Canada Branch) aa- Stable A+ Stable Hartford Fire Insurance Company (Canada Branch) a+ Stable A Stable Hartford Life Insurance Company (Canada Branch) a- Stable A- Stable The Independent Order of Foresters Independent Order of Foresters a+ Stable A Stable Industrial Alliance Insurance and Financial Services Inc. Industrial Alliance Ins & Financial Svcs a+ Stable A Stable Industrial Alliance Pacific General Insurance Corporation Industrial Alliance Ins & Financial Svcs a Stable A Stable The Insurance Company of Prince Edward Island Province of Saskatchewan bbb Stable B++ Stable Intact Assurances agricoles inc Intact Financial Corporation aa- Stable A+ Stable Intact Insurance Company Intact Financial Corporation aa- Stable A+ Stable Jevco Insurance Company Intact Financial Corporation aa- Stable A+ Stable Jewelers Mutual Insurance Company (Canada Branch) aa- Stable A+ Stable Knights of Columbus (Canada Branch) aa+ Stable A++ Stable Lawyers' Professional Indemnity Company Law Society of Upper Canada a Stable A Stable Liberty Life Assurance Company of Boston (Canada Branch) a Stable A Stable Liberty Mutual Insurance Company (Canada Branch) a Stable A Stable Life Insurance Company of North America (Canada Branch) a Stable A Stable London Life Insurance Company Great-West Lifeco Inc aa Stable A+ Stable Lumbermen's Underwriting Alliance (Canada Branch) bbb- Negative B+ Negative The Manufacturers Life Insurance Company Manulife Financial Corporation aa- Stable A+ Stable Massachusetts Mutual Life Insurance Company (Canada Branch) aa+ Stable A++ Stable Metropolitan Life Insurance Company (Canada Branch) aa- Stable A+ Stable Millennium Insurance Corporation Firstcan Management, Inc. a- Stable A- Stable Mitsui Sumitomo Insurance Company Limited (Canada Branch) aa Stable A+ Stable Motors Insurance Corporation (Canada Branch) bbb Stable B++ Stable Munich Reinsurance America, Inc. (Canada Branch) aa- Stable A+ Stable Munich Reinsurance Company of Canada Munich Reinsurance Company aa- Stable A+ Stable Munich Reinsurance Company (Canada Branch) aa- Stable A+ Stable The Mutual Fire Insurance Company of British Columbia a- Stable A- Stable National Liability & Fire Insurance Company (Canada Branch) aaa Stable A++ Stable Nationwide Mutual Insurance Company (Canada Branch) aa- Stable A+ Stable New York Life Insurance Company (Canada Branch) aaa Stable A++ Stable NIPPONKOA Insurance Company Ltd (Canada Branch) aa- Stable A+ Stable The Nordic Insurance Company of Canada Intact Financial Corporation aa- Stable A+ Stable Northbridge Commercial Insurance Corporation Fairfax Financial Holdings Limited a Stable A Stable Northbridge General Insurance Corporation Fairfax Financial Holdings Limited a Stable A Stable Northbridge Indemnity Insurance Corporation Fairfax Financial Holdings Limited a Stable A Stable Northbridge Personal Insurance Corporation Fairfax Financial Holdings Limited a Stable A Stable Novex Insurance Company Intact Financial Corporation aa- Stable A+ Stable Odyssey Reinsurance Company (Canada Branch) a+ Stable A Stable Old Republic Insurance Company of Canada Old Republic International Corporation a Stable A Stable Optimum Farm Insurance Inc Optimum Group Inc bbb+ Stable B++ Stable Optimum Insurance Company Inc Optimum Group Inc bbb+ Stable B++ Stable Optimum Reassurance Inc. Optimum Group Inc a- Stable A- Stable Optimum West Insurance Company Optimum Group Inc bbb+ Stable B++ Stable Partner Reinsurance Company Ltd. (Canada Branch) aa- Stable A+ Stable Partner Reinsurance Europe SE CAB aa- Stable A+ Stable Peace Hills General Insurance Company Samson Cree Nation bbb- Positive B+ Positive Pilot Insurance Company AVIVA plc a+ Negative A Stable Primerica Life Insurance Company of Canada Primerica Inc aa- Stable A+ Stable Principal Life Insurance Company (Canada Branch) aa- Stable A+ Stable Progressive Casualty Insurance Company (Canada Branch) aa Stable A+ Stable Protective Insurance Company (Canada Branch) aa- Stable A+ Stable RBC Life Insurance Company Royal Bank of Canada a Stable A Stable ReliaStar Life Insurance Company (Canada Branch) a Stable A Stable RGA Life Reinsurance Company of Canada Reinsurance Group of America Inc aa- Stable A+ Stable S&Y Insurance Company AVIVA plc a+ Negative A Stable Safety National Casualty Corporation (Canada Branch) aa- Stable A+ Stable St. Paul Fire and Marine Insurance Company (Canada Branch) aa Positive A+ Positive Saskatchewan Mutual Insurance Company a- Stable A- Stable SCOR Canada Reinsurance Company SCOR SE a+ Stable A Stable SCOR Global Life (Canada Branch) a+ Stable A Stable Scottish & York Insurance Company, Limited AVIVA plc a+ Negative A Stable Sentry Insurance A Mutual Company (Canada Branch) aa- Stable A+ Stable SGI CANADA Province of Saskatchewan a- Stable A- Stable SGI CANADA Insurance Services Limited Province of Saskatchewan a- Stable A- Stable Sirius America Insurance Company (Canada Branch) a Stable A Stable Sompo Japan Insurance Inc. (Canada Branch) aa- Stable A+ Stable The Sovereign General Insurance Company The Co-operators Group Limited a- Stable A- Stable SSQ Life Insurance Company, Inc. a- Stable A- Stable September

7 Canada (continued) State Farm Fire and Casualty Company (Canada Branch) aa- Stable A+ Stable State Farm International Life Insurance Company Ltd. (Canada Branch) aa Stable A+ Stable State Farm Mutual Automobile Insurance Company (Canada Branch) aa+ Stable A++ Stable Stewart Title Guaranty Company (Canada Branch) bbb+ Positive B++ Positive Sun Life Assurance Company of Canada Sun Life Financial Inc aa- Stable A+ Stable Swiss Reinsurance Company (Canada Branch) aa- Stable A+ Stable Swiss Reinsurance Company (Canada Branch) aa- Stable A+ Stable T.H.E. Insurance Company (Canada Branch) a- Stable A- Stable Temple Insurance Company Munich Reinsurance Company aa- Stable A+ Stable The Toa Reinsurance Company of America (Canada Branch) aa- Stable A+ Stable Tokio Marine and Nichido Fire Insurance Company Limited (Canada Branch) aa+ Stable A++ Stable Traders General Insurance Company AVIVA plc a+ Negative A Stable Trafalgar Insurance Company of Canada Intact Financial Corporation aa- Stable A+ Stable Transamerica Life Canada Aegon N.V. a- Stable A- Stable Transatlantic Reinsurance Company (Canada Branch) a+ Stable A Stable Transportation Property and Casualty Company Inc. South Coast British Columbia Transp a Stable A Stable Travelers Insurance Company of Canada Travelers Companies, Inc. aa Positive A+ Positive Trisura Guarantee Insurance Company Brookfield Asset Management Inc. a- Stable A- Stable Triton Insurance Company (Canada Branch) a Stable A Stable United American Insurance Company (Canada Branch) aa- Stable A+ Stable Utica Mutual Insurance Company (Canada Branch) a- Stable A- Stable Virginia Surety Company, Inc. (Canada Branch) a- Positive A- Positive Waterloo Insurance Company Economical Mutual Insurance Company a- Stable A- Stable Wawanesa Life Insurance Company Wawanesa Mutual Insurance Company a Stable A Stable The Wawanesa Mutual Insurance Company Wawanesa Mutual Insurance Company aa- Stable A+ Stable Western Financial Insurance Company Desjardins Financial Group a- Stable A- Stable Western Life Assurance Company Desjardins Financial Group a- Stable A- Stable Westport Insurance Corporation (Canada Branch) aa- Stable A+ Stable Wynward Insurance Group a Negative A Negative XL Insurance Company Limited (Canada Branch) a Stable A Stable XL Reinsurance America Inc (Canada Branch) a Stable A Stable Zenith Insurance Company Fairfax Financial Holdings Limited a Stable A Stable Zurich Insurance Company Ltd (Canada Branch) aa- Stable A+ Stable Cayman Islands AHS Insurance Company, Ltd. Atlantic Health System a- Stable A- Stable Best Meridian International Insurance Company SPC BMI Financial Group, Inc. bbb+ Stable B++ Stable British Caymanian Insurance Company Limited Edmund Gibbons Limited a- Stable A- Stable Caring Communities Insurance Company Caring Communities, a Reciprocal RRG a- Stable A- Stable Cayman First Insurance Company Limited Bahamas First Holdings Limited a- Stable A- Stable Eastern Re Ltd. S.P.C. Eastern Insurance Holdings, Inc. a Stable A Stable Greenlight Reinsurance, Ltd. Greenlight Capital Re, Ltd. a Stable A Stable INRECO International Reinsurance Company Pan-American Life Mutual Holding Company a Stable A Stable Investors Trust Assurance SPC ITA International Holdings LLC bbb+ Stable B++ Stable Island Heritage Insurance Company Limited BF&M Limited a- Positive A- Positive Knight Insurance Company Ltd. Knight Holdings, Inc. a- Stable A- Stable MetLife Global Benefits, Ltd. MetLife Inc a- Stable A- Stable Palms Insurance Company, Limited NextEra Energy, Inc. a Stable A Stable Radius Insurance Company Phillips 66 a Stable A Stable Raffles Insurance Limited a- Stable A- Stable Reaseguradora America SPC Ltd. Grupo ASSA, S.A. a- Stable A- Stable Risk Reinsurance Limited Transpower New Zealand Limited aa- Stable A+ Stable United Insurance Company United Insurance Company a- Stable A- Stable China Aioi Nissay Dowa Insurance (China) Company Limited MS&AD Insurance Group Holdings, Inc. a- Stable A- Stable China Life Reinsurance Company Ltd. China Investment Corporation a Stable A Stable China Property & Casualty Reinsurance Company Ltd. China Investment Corporation a Stable A Stable China Reinsurance (Group) Corporation China Investment Corporation a Stable A Stable Hyundai Insurance (China) Co., Ltd. Hyundai Marine & Fire Insurance Co, Ltd a- Stable A- Stable Lloyd's Insurance Company (China) Limited Lloyd's a+ Positive A Positive NIPPONKOA Insurance Company (China) Limited NKSJ Holdings, Inc. a- Stable A- Stable Costa Rica Instituto Nacional de Seguros a- Stable A- Stable Cyprus Flagstone Alliance Insurance and Reinsurance PLC Validus Holdings, Ltd. a- Stable A- Stable Dominican Republic La Colonial, S.A. - Compania de Seguros bbb+ Stable B++ Stable Egypt Arab Misr Insurance Group S.A.E. Gulf Insurance Company K.S.C. bbb Negative B++ Negative Finland LocalTapiola General Mutual Insurance Company LocalTapiola General Mutual Ins Co a Stable A Stable September

8 France AGA International SA Allianz SE a+ Stable A Stable Allianz Global Corporate & Specialty (France) Allianz SE aa- Stable A+ Stable Assurances Mutuelles de France Societe de Groupe d'assurance Mut Covea a Stable A Stable Caisse Centrale de Reassurance aa+ Negative A++ Negative Generali Iard Assicurazioni Generali S.p.A. a Negative A Negative Generali Vie Assicurazioni Generali S.p.A. a Negative A Negative SCOR Global Life SE SCOR SE a+ Stable A Stable SCOR Global P&C SE SCOR SE a+ Stable A Stable SCOR SE SCOR SE a+ Stable A Stable Germany AachenMuenchener Lebensversicherung AG Assicurazioni Generali S.p.A. a Negative A Negative AachenMuenchener Versicherung AG Assicurazioni Generali S.p.A. a Negative A Negative Allianz Global Corporate & Specialty AG Allianz SE aa- Stable A+ Stable Allianz Lebensversicherungs-Aktiengesellschaft Allianz SE aa- Stable A+ Stable Allianz Private Krankenversicherungs-AG Allianz SE aa- Stable A+ Stable Allianz SE Allianz SE aa- Stable A+ Stable Allianz Versicherungs-Aktiengesellschaft Allianz SE aa- Stable A+ Stable Central Krankenversicherung Aktiengesellschaft Assicurazioni Generali S.p.A. a Negative A Negative COSMOS Lebensversicherungs-AG Assicurazioni Generali S.p.A. a Negative A Negative COSMOS Versicherung Aktiengesellschaft Assicurazioni Generali S.p.A. a Negative A Negative Delvag Luftfahrtversicherungs-AG Deutsche Lufthansa Aktiengesellschaft a Stable A Stable Delvag Rueckversicherungs-AG Deutsche Lufthansa Aktiengesellschaft a Stable A Stable E+S Rueckversicherung AG HDI V.a.G. aa- Stable A+ Stable Euler Hermes Deutschland Aktiengesellschaft Allianz SE aa- Stable A+ Stable General Reinsurance AG Berkshire Hathaway Inc aa+ Stable A++ Stable Generali Deutschland Holding AG Assicurazioni Generali S.p.A. a Negative A Negative Generali Lebensversicherung AG Assicurazioni Generali S.p.A. a Negative A Negative Generali Versicherung AG Assicurazioni Generali S.p.A. a Negative A Negative Hannover Rueck SE HDI V.a.G. aa- Stable A+ Stable HDI-Gerling Industrie Versicherung Aktiengesellschaft HDI V.a.G. a Positive A Stable HDI-Gerling Welt Service Aktiengesellschaft HDI V.a.G. a Positive A Stable HDI Haftpflichtverband der Deutschen Industrie V.a.G. HDI V.a.G. a Positive A Stable HDI Lebensversicherung Aktiengesellschaft HDI V.a.G. a Positive A Stable Munich Reinsurance Company Munich Reinsurance Company aa- Stable A+ Stable SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG SOGAZ, Insurance Company OJSC bbb Stable B++ Stable Ghana Ghana Reinsurance Company Limited bb Stable B Stable Guam Century Insurance Company (Guam) Limited Tan Holdings Corporation bbb+ Stable B++ Stable Dongbu Insurance Co., Ltd. (U.S. Guam Branch) a Positive A Stable First Net Insurance Company bbb+ Stable B++ Stable Pacific Indemnity Insurance Company a- Stable A- Stable Tokio Marine Pacific Insurance Limited Tokio Marine Holdings, Inc. aa- Stable A+ Stable Guernsey GBG Insurance Limited Saxton Lane Company Limited bbb- Stable B+ Stable Hiscox Insurance Company (Guernsey) Limited Hiscox Ltd a+ Stable A Stable Jupiter Insurance Limited BP p.l.c. a Stable A Stable Hong Kong AIG Insurance Hong Kong Limited American International Group, Inc a Stable A Stable Blue Cross (Asia-Pacific) Insurance Limited Bank of East Asia Limited a- Stable A- Stable BOC Group Life Assurance Company Limited a Stable A Stable China Taiping Insurance (HK) Company Limited China Taiping Insurance Group Co. a Stable A Stable Hong Leong Insurance (Asia) Limited Hong Leong Company (Malaysia) Berhad a- Stable A- Stable Peak Reinsurance Company Limited Fosun International Holdings Ltd. a- Stable A- Stable Starr International Insurance (Asia) Limited Starr International Company, Inc. a Stable A Stable Sun Hung Kai Properties Insurance Limited Sun Hung Kai Properties Limited a Stable A Stable Taiping Reinsurance Company Limited China Taiping Insurance Group Co. a- Stable A- Stable Tugu Insurance Company Limited PT PERTAMINA (PERSERO) bbb Positive B++ Stable Wing Lung Insurance Company Limited China Merchants Bank Co., Ltd. a- Stable A- Stable India General Insurance Corporation of India a- Stable A- Stable The New India Assurance Company Limited New India Assurance Company Limited a- Stable A- Stable The Oriental Insurance Company Limited bbb+ Stable B++ Stable United India Insurance Company Limited bbb+ Positive B++ Positive Indonesia PT Asuransi Jasa Indonesia (Persero) bbb+ Stable B++ Stable PT. Asuransi Samsung Tugu Samsung Fire & Marine Insurance Co, Ltd a- Stable A- Stable Ireland ACE Bermuda International Insurance (Ireland) Limited ACE Limited aa Positive A+ Positive Allied World Assurance Company (Europe) Limited Allied World Assurance Co Holdings AG a Positive A Stable September

9 ireland (continued) Allied World Assurance Company (Reinsurance) Limited Allied World Assurance Co Holdings AG a Positive A Stable AmTrust International Underwriters Limited AmTrust Financial Services, Inc a Stable A Stable Atradius Reinsurance Limited Grupo Catalana Occidente S.A. a Stable A Stable AXIS Re SE AXIS Capital Holdings Limited a+ Positive A Positive AXIS Specialty Europe SE AXIS Capital Holdings Limited a+ Positive A Positive Canada Life International Re Limited Great-West Lifeco Inc a+ Stable A Stable Chartis Excess Limited American International Group, Inc a Stable A Stable Electric Insurance Ireland Limited Wilmington Trust Company a Positive A Stable Eni Insurance Limited Eni S.p.A. a Stable A Stable Everest Reinsurance Company (Ireland), Limited Everest Re Group Ltd aa- Stable A+ Stable Greenlight Reinsurance Ireland, Limited Greenlight Capital Re, Ltd. a- Stable A- Stable Hannover Re (Ireland) Plc HDI V.a.G. aa- Stable A+ Stable Ironshore Europe Limited Ironshore Inc. a Stable A Stable Liffey Reinsurance Company Limited QBE Insurance Group Limited a- Stable A- Stable Markel Europe plc Markel Corporation a Stable A Stable Partner Reinsurance Europe SE PartnerRe Ltd aa- Stable A+ Stable PartnerRe Ireland Insurance Limited PartnerRe Ltd aa- Stable A+ Stable Renaissance Reinsurance of Europe RenaissanceRe Holdings Ltd aa- Stable A+ Stable Talanx Reinsurance (Ireland) Ltd. HDI V.a.G. a Stable A Stable XL Re Europe Plc XL Group plc a Stable A Stable Isle Of Man National Grid Insurance Company (Isle of Man) Limited National Grid plc a Stable A Stable Italy Allianz S.p.A. Allianz SE aa- Stable A+ Stable Assicurazioni Generali S.p.A. Assicurazioni Generali S.p.A. a Negative A Negative Jamaica Sagicor Life Jamaica Limited Sagicor Financial Corporation bbb- Stable B+ Stable Japan Aioi Nissay Dowa Insurance Company Limited MS&AD Insurance Group Holdings, Inc. aa Stable A+ Stable AIU Insurance Company, Ltd. American International Group, Inc a Stable A Stable American Family Life Assurance Company of Columbus (Japan Branch) aa- Stable A+ Stable Assicurazioni Generali S.p.A. (Japan Branch) a Negative A Negative The Fuji Fire & Marine Insurance Company, Limited American International Group, Inc a Stable A Stable Meiji Yasuda Life Insurance Company Meiji Yasuda Life Insurance Company aa- Stable A+ Stable Mitsui Sumitomo Insurance Company, Limited MS&AD Insurance Group Holdings, Inc. aa Stable A+ Stable Nippon Life Insurance Company Nippon Life Insurance Company aa- Stable A+ Stable NIPPONKOA Insurance Company Ltd NKSJ Holdings, Inc. aa- Stable A+ Stable Sompo Japan Insurance Inc. NKSJ Holdings, Inc. aa- Stable A+ Stable The Toa Reinsurance Company, Limited The Toa Reinsurance Company, Limited aa- Stable A+ Stable Tokio Marine & Nichido Fire Insurance Co., Ltd. Tokio Marine Holdings, Inc. aa+ Stable A++ Stable Jordan Arab Orient Insurance Company Gulf Insurance Company K.S.C. bbb+ Stable B++ Stable ARABIA Insurance Company - Jordan ARABIA Insurance Company s.a.l. bbb- Stable B+ Stable First Insurance Company Solidarity Group Holding BSC (c) bbb Stable B++ Stable Jordan Insurance Company Plc. bbb+ Stable B++ Stable Middle East Insurance Company Plc bbb Negative B++ Negative Kazakhstan Eurasia Insurance Company JSC Eurasian Finance Company JSC bbb+ Stable B++ Stable Halyk-Kazakhinstrakh, Insurance Subsidiary Company of Halyk Bank of Kazakhstan, JSC Holding Group Almeks JSC bbb Stable B++ Stable Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC Holding Group Almeks JSC bbb- Stable B+ Stable Victoria Insurance Company JSC Techno Trading Limited bbb- Stable B+ Stable Kenya East Africa Reinsurance Company Limited bb+ Stable B Stable Kenya Reinsurance Corporation Limited bbb- Stable B+ Stable ZEP-RE (PTA Reinsurance Company) bbb- Stable B+ Stable Kuwait Al Fajer Retakaful Insurance Company K.S.C. (Closed) bbb+ Stable B++ Stable Gulf Insurance Company K.S.C. Gulf Insurance Company K.S.C. a- Stable A- Stable Gulf Life Insurance Company K.S.C. (Closed) Gulf Insurance Company K.S.C. a- Stable A- Stable Kuwait Reinsurance Company K.S.C. (Closed) a- Stable A- Stable Lebanon Al Ittihad Al Watani (L'Union Nationale) Societe Generale d'assurances du Proche Orient, sal Al Ittihad Al Watani Soc Gen Asr Proche bbb- Negative B+ Negative Arab Reinsurance Company S.A.L. bbb- Stable B+ Stable ARABIA Insurance Company s.a.l. ARABIA Insurance Company s.a.l. bbb+ Stable B++ Stable Liechtenstein Elips Life AG, Vaduz Swiss Re Ltd a+ Stable A Stable Infrassure Ltd., Vaduz Infrassure Holding AG a- Negative A- Negative PrismaLife AG Onesty Group AG a- Stable A- Stable Torus Insurance (Europe) AG Torus Insurance Holdings Limited a- u Negative A- u Negative September

10 Luxembourg Builders Reinsurance S.A. Hochtief AG a- Stable A- Stable Casiopea Re S.A. Telefonica S A a- Stable A- Stable The Shipowners' Mutual Protection and Indemnity Association (Luxembourg) a- Stable A- Stable Swiss Re Europe S.A. Swiss Re Ltd aa- Stable A+ Stable Swiss Re International SE Swiss Re Ltd aa- Stable A+ Stable United Re (Europe) S.A. United Insurance Company a- Stable A- Stable The West of England Ship Owners Mutual Insurance Association (Luxembourg) West of England Ship Owners Mut Ins Asn a- Negative A- Negative Macau China Taiping Insurance (Macau) Co., Ltd. China Taiping Insurance Group Co. a Stable A Stable Luen Fung Hang Insurance Company Limited a- Stable A- Stable Macau Insurance Company Limited Dah Sing Financial Holdings Limited a- Stable A- Stable Macau Life Insurance Company Limited Dah Sing Financial Holdings Limited a- Stable A- Stable Malaysia ACR ReTakaful Berhad ACR ReTakaful Holdings Limited a- Stable A- Stable Asia Capital Reinsurance Malaysia Sdn Bhd Khazanah Nasional Berhad a- Stable A- Stable Energas Insurance (L) Limited Petroliam Nasional Berhad a Stable A Stable Labuan Reinsurance (L) Ltd a- Stable A- Stable Lonpac Insurance Bhd LPI Capital Berhad a- Stable A- Stable Malaysian Reinsurance Berhad MNRB Holdings Berhad a- Stable A- Stable Malta ArgoGlobal SE Argo Group International Holdings, Ltd a Stable A Stable FNF Title Insurance Company Ltd. Fidelity National Financial, Inc. a- Positive A- Positive Mexico Afianzadora Aserta, S.A. de C.V. Grupo Financiero Aserta SA de C.V. a- Stable A- Stable Afianzadora Insurgentes, S.A. de C.V. Grupo Financiero Aserta SA de C.V. a- Stable A- Stable Grupo Mexicano de Seguros, S.A. de C.V. Grupo Maxasem, S.A. de C.V. bbb Stable B++ Stable Grupo Nacional Provincial S.A.B. Grupo Nacional Provincial S.A.B. a- Stable A- Stable Mapfre Tepeyac S.A. MAPFRE S.A. a- Stable A- Stable Qualitas Compania de Seguros S.A.B. de C.V. Qualitas Controladora, S.A.B. de C.V. bb- Stable B- Stable Reaseguradora Patria, S.A. Pena Verde, S.A.B. a- Positive A- Positive Seguros Inbursa, S.A. Grupo Financiero Inbursa Grupo Financiero Inbursa, S.A.B. de C.V. a Stable A Stable Micronesia, Federated States Of Marble Reinsurance Corporation Marubeni Corporation a- Stable A- Stable Morocco Societe Centrale de Reassurance Caisse de Depot et de Gestion bbb Negative B++ Negative Netherlands Atradius Credit Insurance N.V. Grupo Catalana Occidente S.A. a Stable A Stable N.V. Unive Her Cooperatie Unive U.A. a- Stable A- Stable New Zealand ACS (NZ) Limited Canterbury Earthquake Church & Heritage bb+ u Developing B u Developing Aioi Nissay Dowa Insurance Company, Limited (New Zealand Branch) aa Stable A+ Stable AMI Insurance Limited Insurance Australia Group Limited a- Stable A- Stable Beneficial Insurance Limited Broadlands Finance Limited bbb- Stable B+ Stable BNZ Life Insurance Limited National Australia Bank Limited a Stable A Stable CBL Insurance Limited bbb- Positive B+ Positive China Taiping Insurance (NZ) Co Limited China Taiping Insurance Group Co. bbb- Stable B+ Stable CIGNA Life Insurance New Zealand Limited Cigna Corporation a- Stable A- Stable Co-operative Life Limited Co-operative Bank Limited bbb+ Stable B++ Stable Consumer Insurance Services Limited Haier Group Company bbb+ Stable B++ Stable DPL Insurance Limited Dorchester Pacific Limited bbb- Stable B+ Stable The Education Benevolent Society Incorporated bbb Stable B++ Stable Farmers' Mutual Group Farmers' Mutual Group a Stable A Stable Fidelity Life Assurance Company Limited a- u Negative A- u Negative First American Title Insurance Company of Australia Pty Limited (New Zealand Branch) a- Positive A- Positive FMG Insurance Limited Farmers' Mutual Group a Stable A Stable Kiwi Insurance Limited New Zealand Post Limited a- Stable A- Stable Mitsui Sumitomo Insurance Company Limited (New Zealand Branch) aa Stable A+ Stable The New India Assurance Company Limited (New Zealand Branch) a- Stable A- Stable New Zealand Local Government Insurance Corporation Limited New Zealand Local Govt Ins Corp Ltd bbb+ u Negative B++u Negative Pacific International Insurance Limited bbb Stable B++ Stable Partners Life Limited Partners Group Holdings Limited bbb Stable B++ Stable Pinnacle Life Limited bb+ Stable B Stable Police Health Plan Limited New Zealand Police Association bbb+ Stable B++ Stable Product Care (NZ) Limited bbb Stable B++ Stable Provident Insurance Corporation Limited bbb Stable B++ Stable Sovereign Assurance Company Limited Commonwealth Bank of Australia aa- Stable A+ Stable TOWER Health & Life Limited TOWER Limited a- Negative A- Negative TOWER Insurance Limited TOWER Limited a- Negative A- Negative TOWER Life (N.Z.) Limited TOWER Limited a- Negative A- Negative TOWER Medical Insurance Limited nib holdings limited a- Stable A- Stable September

11 new zealand (continued) Union Medical Benefits Society Limited a- Stable A- Stable Virginia Surety Company, Inc. (New Zealand Branch) a- Positive A- Positive Nigeria African Reinsurance Corporation African Reinsurance Corporation a- Stable A- Stable Continental Reinsurance Plc bbb- Stable B+ Stable Custodian and Allied Insurance Plc bb u Negative B u Negative Mansard Insurance Plc Assur Africa Holding Limited bb+ Stable B Stable Northern Mariana Islands Century Insurance Company, Ltd. Tan Holdings Corporation bbb- Stable B+ Stable Oman National Life and General Insurance Company SAOC Oman National Investment Corp Holding bbb Stable B++ Stable Pakistan Adamjee Insurance Company Limited Adamjee Insurance Company Limited bbb- Stable B+ Stable Jubilee General Insurance Company Limited bbb Stable B++ Stable Panama ACE Seguros S.A. ACE Limited a Stable A Stable Aseguradora Ancon S.A. Ancon Investment Corporation a- Stable A- Stable ASSA Compania de Seguros S.A. Grupo ASSA, S.A. a Stable A Stable Barents Re Reinsurance Company, Inc. Arden & Price Group a- Positive A- Positive Compania Internacional de Seguros S.A. a Stable A Stable Del Istmo Assurance Corp QBE Insurance Group Limited a- Stable A- Stable Mapfre Panama S.A. MAPFRE S.A. a- Stable A- Stable QBE del Istmo Reinsurance Company, Inc. QBE Insurance Group Limited a- Stable A- Stable Philippines Malayan Insurance Co., Inc. Pan Malayan Mgmt & Investment Corp bbb+ Stable B++ Stable National Reinsurance Corporation of the Philippines bbb Stable B++ Stable Poland Polskie Towarzystwo Reasekuracji S.A. Fairfax Financial Holdings Limited a- Stable A- Stable Puerto Rico ACE Insurance Company (Puerto Rico) ACE Limited aa Positive A+ Positive AIG Insurance Company-Puerto Rico American International Group, Inc a Stable A Stable Antilles Insurance Company Anglo Puerto Rican Insurance Corporation a+ Stable A Stable Atlantic Southern Insurance Company R.D. Tips, Inc. b+ u Positive C++u Positive Caribbean American Life Assurance Company Assurant Inc a- Stable A- Stable Caribbean American Property Insurance Company Assurant Inc a Stable A Stable Cooperativa de Seguros de Vida de Puerto Rico b Stable C++ Stable Cooperativa de Seguros Multiples de Puerto Rico Cooperativa de Seguros Multiples de PR a- Stable A- Stable Humana Health Plans of Puerto Rico, Inc. Humana Inc. bbb+ Stable B++ Stable Humana Insurance of Puerto Rico, Inc. Humana Inc. bbb+ Stable B++ Stable INTEGRAND Assurance Company Victor J Salgado & Associates Inc a- Stable A- Stable MAPFRE Pan American Insurance Company MAPFRE S.A. a Negative A Negative MAPFRE PRAICO Insurance Company MAPFRE S.A. a Negative A Negative MAPFRE Preferred Risk Insurance Company MAPFRE S.A. a Negative A Negative Multinational Insurance Company Ancon Investment Corporation bbb+ Stable B++ Stable Multinational Life Insurance Company Ancon Investment Corporation bbb- Positive B+ Positive National Insurance Company rs F Newport Bonding and Surety Company ccc Negative C Negative Popular Life Re Popular Inc bbb- Stable B+ Stable QBE Optima Insurance Company QBE Insurance Group Limited a- Stable A- Stable Real Legacy Assurance Company, Inc. Cooperativa de Seguros Multiples de PR a- Stable A- Stable Tower Bonding and Surety Company bb Stable B Stable Trans-Oceanic Life Insurance Company Trans-Oceanic Group Inc bbb+ Stable B++ Stable Triple-S Propiedad, Inc. Triple-S Management Corporation a- Stable A- Stable Triple-S Salud, Inc. Triple-S Management Corporation bbb+ Positive B++ Positive Triple-S Vida, Inc. Triple-S Management Corporation bbb+ Positive B++ Positive United Surety & Indemnity Company USIC Group, Inc. a+ Stable A Stable Universal Insurance Company (PR) Universal Group, Inc. a Stable A Stable Universal Life Insurance Company Universal Group, Inc. bbb+ Positive B++ Positive USIC Life Insurance Company USIC Group, Inc. bbb- Positive B+ Positive Qatar Q-Re LLC Qatar Insurance Company S.A.Q. a Stable A Stable Qatar General Insurance and Reinsurance Company S.A.Q. Qatar General Insurance & Reins Co SAQ bbb+ Positive B++ Positive Qatar Insurance Company S.A.Q. Qatar Insurance Company S.A.Q. a Stable A Stable QIC International LLC Qatar Insurance Company S.A.Q. a Stable A Stable Russia OJSC Transsiberian Reinsurance Corporation bb+ Stable B Stable Russian Reinsurance Company JSC ACE Limited bbb- Stable B+ Stable SOGAZ, Insurance Company OJSC SOGAZ, Insurance Company OJSC bbb Stable B++ Stable Unity Reinsurance Company, Ltd. bbb- Positive B+ Positive September