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Guide to Best Ratings

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Proposed Ratings and Admitted Status
Proposed Carriers A. M.Best's Rating 8/30/06 Admitted / Non-Admitted
Praetorian Insurance Company
(Part of QBE the Americas)
A- (X) Admitted
Rating Levels and Categories
Level Category Level Category Level Category
A++, A+ Superior B, B- Fair D Poor
A, A- Excellent Supervision C++, C+ Marginal E Under Regulatory
B++, B+ Very Good C, C- Weak F
S
In Liquidation
Rating Suspended
Financial Size Categories
In $000 of Reported Policyholders Surplus Plus Conditional Reserve Funds)
FSC I to 1,000 FSC IX 250,000 to 500,000
FSC II 1,000 to 2,000 FSC X 500,000 to 750,000
FSC III 2,000 to 5,000 FSC XI 750,000 to 1,000,000
FSC IV 5,000 to 10,000 FSC XII 1,000,000 to 1,250,000
FSC V 10,000 to 25,000 FSC XII 1,250,000 to 1,500,000
FSC VI 25,000 to 50,000 FSC XIV 1,500,000 to 2,000,000
FSC VII 50,000 to 100,000 FSC XV 2,000,000 to
FSC VIII 100,000 to 250,000

Best's Insurance Reports, published annually by A.M. Best Company, Inc., presents comprehensive reports on the financial position, history, and transactions of insurance companies operating in the United States and Canada. Companies licensed to do business in the United States are assigned a Best's Rating which attempts to measure the comparative position of the company or association against industry averages. Copies of the Bests Insurance Reports on the insurance companies are available upon your request. Gallagher Companies uses A.M. Best & Co.'s rating services to evaluate the financial condition of insurers whose policies we propose to deliver. The rating of the carrier and the year of publication of that rating are indicated. Gallagher Companies makes no representations and warranties concerning the solvency of any carrier, nor does it make any representation or warranty concerning the rating of the carrier, which may change.

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