A.M. Best Withdraws Ratings of Interlex Insurance Company Due to Merger

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has withdrawn the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” of Interlex Insurance Company (Interlex), a former subsidiary of Intermed Insurance Company (Intermed) (both domiciled in Springfield, MO). At the same time, A.M. Best has assigned an NR-5 (Not Formally Followed) to the FSR and an “nr” to the ICR.

As of June, 30, 2010, Interlex was merged into Intermed, which is a member of the FPIC Insurance Group.

The principal methodology used in determining these ratings is Best’s Credit Rating Methodology -- Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of A.M. Best’s rating process and highlights the different rating criteria employed. Methodologies can be found at www.ambest.com/ratings/methodology.

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.

A.M. Best Co.
Analysts
Greg Williams, 908-439-2200, ext. 5815
[email protected]
or
Henry Witmer, 908-439-2200, ext. 5097
[email protected]
or
Public Relations
Rachelle Morrow, 908-439-2200, ext. 5378
[email protected]
or
Jim Peavy, 908-439-2200, ext. 5644
[email protected]

Source: A.M. Best Co.