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OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has withdrawn the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” of Interlex Insurance Company (Interlex), a former subsidiary of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.