A.M. Best also upgraded the FSR to A- (Excellent) from B++ (Good) and the ICR to "a-" from "bbb" of Coachman Insurance Company, an SGI CANADA Insurance Services’ subsidiary.

At the same time, A.M. Best affirmed the FSR of A- (Excellent) and ICR of "a-" of the company’s operating parent, SGI CANADA. These companies are members of the SGI CANADA Group. The outlook on all ratings remains stable.

A.M. Best said that the ratings of the SGI CANADA Group are reflective of the group's excellent risk-adjusted capitalization and sound balance sheet liquidity, consistently profitable operating performance, overall geographic and product line diversification as well as the benefits its derives from strong centralized management and consolidated support functions such as financial reporting, reinsurance procurement and investment management.