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FOR IMMEDIATE RELEASE
OLDWICK - APRIL 28, 2016 11:19 AM (EDT)
A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of InStil Health Insurance Company (InStil) (Columbia, SC). The outlook for each rating is stable. Concurrently, A.M. Best has withdrawn the ratings in response to the company’s request to no longer participate in A.M. Best’s interactive rating process.
The ratings and outlooks are reflective of InStil’s strong risk-adjusted capitalization, history of positive operating performance and effective management of exposures.
A.M. Best remains concerned about the company’s limited business profile. However, management at the parent organization, BlueCross and BlueShield of South Carolina, continues to seek opportunities for growth for this entity.
This press release relates to rating(s) that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source.