A.M. Best Takes Various Rating Actions on 53 Canadian Property/Casualty Insurers

A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of 30 Canadian property/casualty companies; upgraded seven FSRs and ICRs; upgraded seven ICRs (with no change to the FSRs); assigned four FSRs and ICRs; and downgraded five FSRs and ICRs. (See below for a detailed list of the companies and ratings.)

These ratings are based solely upon public information and present the most informed view A.M. Best can offer, short of an insurer participating in the full interactive rating process. A.M. Best uses the same rating scale and definitions as it does for its long-term financial strength interactive ratings, but applies a pd modifier to ensure the user is aware of the more limited information basis for the rating.

A.M. Best has affirmed the FSRs and ICRs of the following Canadian property/casualty companies: -0- *T Company Name FSR ICR Algoma Mutual Insurance Company B+ (Good) "bbb-" Allstate Insurance Company of Canada A- (Excellent) "a-" Antigonish Farmers Mutual Insurance Company B+ (Good) "bbb-" Aviva Insurance Company of Canada A- (Excellent) "a-" BCAA Insurance Corporation B+ (Good) "bbb-" Canadian Direct Insurance Inc. B+ (Good) "bbb-" La Capitale, Compagnie D'Assurance Generale A- (Excellent) "a-" Certas Direct Insurance Company B++ (Good) "bbb" Clare Mutual Insurance Company B+ (Good) "bbb-" The Dominion of Canada General Insurance Company A- (Excellent) "a-" Economical Mutual Insurance Company B++ (Good) "bbb" Federation Insurance Company of Canada B+ (Good) "bbb-" Fenchurch General Insurance Company B++ (Good) "bbb" First North American Insurance Company B++ (Good) "bbb" Glengarry Mutual Insurance Company B++ (Good) "bbb" The Kings Mutual Insurance Company B+ (Good) "bbb-" Legacy General Insurance Company A- (Excellent) "a-" London and Midland General Insurance Company A- (Excellent) "a-" The Missisquoi Insurance Company B++ (Good) "bbb" The Mutual Fire Insurance Company of B.C. B++ (Good) "bbb+" North Waterloo Farmers Mutual Insurance Company B++ (Good) "bbb" Pacific Coast Fishermens Mutual Marine Insurance Company B++ (Good) "bbb" The Personal Insurance Company B+ (Good) "bbb-" Perth Insurance Company B+ (Good) "bbb-" Pool Insurance Company B+ (Good) "bbb-" The Portage La Prairie Mutual Insurance Company B++ (Good) "bbb" Promutuel Reassurance B++ (Good) "bbb" Saskatchewan Mutual Insurance Company A- (Excellent) "a-" Traders General Insurance Company B+ (Good) "bbb-" Waterloo Insurance Company B++ (Good) "bbb" *T

A.M. Best has upgraded the FSRs and ICRs of the following Canadian property/casualty companies: -0- *T Company Name FSR ICR CUMIS General Insurance Company B+ (Good) "bbb-" Grain Insurance and Guarantee Company A- (Excellent) "a-" Pembridge Insurance Company A- (Excellent) "a-" RBC Insurance Company of Canada A- (Excellent) "a-" RBC General Insurance Company B++ (Good) "bbb" Red River Valley Mutual Insurance Company A- (Excellent) "a-" L'Unique Compagnie D'Assurances Generales A- (Excellent) "a-" *T

A.M. Best has affirmed the FSRs and upgraded ICRs of the following Canadian property/casualty companies: -0- *T Company Name FSR ICR Farmers' Mutual Insurance Company (Lindsay) B++ (Good) "bbb+" Gore Mutual Insurance Company B++ (Good) "bbb+" Green Shield Canada B++ (Good) "bbb+" Industrial-Alliance General Insurance Company C++ (Marginal) "b+" Pictou County Farmers Mutual Fire Insurance Company B++ (Good) "bbb+" Prince Edward Island Mutual Insurance Company B++ (Good) "bbb+" Western Surety Company B++ (Good) "bbb+" *T

A.M. Best has assigned FSRs and ICRs to the following Canadian property/casualty companies: -0- *T Company Name FSR ICR Alpha Assurance Company A- (Excellent) "a-" Desjardins Assurances Generales Inc B (Fair) "bb+" Personal General Insurance Inc. C+ (Marginal) "b-" TD Home and Auto Insurance Company B+ (Good) "bbb-" *T

A.M. Best has downgraded the FSRs and ICRs of the following Canadian property/casualty companies: -0- *T Company Name FSR ICR Alberta Motor Association Insurance Company B++ (Good) "bbb" Elite Insurance Company B (Fair) "bb" Primmum Insurance Company B (Fair) "bb" Security National Insurance Company B+ (Good) "bbb-" TD General Insurance Company B (Fair) "bb+" *T

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.