August 3, 2021 (Newswire.com) –
BCS Monetary (BCS) introduced at this time that AM Finest has upgraded their Monetary Energy Ranking and Lengthy-Time period Issuer Credit score Ranking to A (Glorious) for the corporate and its service subsidiaries. The upgraded scores replicate BCS’s monetary energy, operational efficiency, enterprise profile, and danger administration practices.
“We’re extremely proud that AM Finest has acknowledged BCS’s sturdy monetary and enterprise profile with an improve,” says Susan Pickar, Chief Monetary Officer of BCS Monetary Company. “Throughout a time when monetary stability and energy is much more important, these scores display BCS’s long-term sustainability and the capital energy that permits us to ship for our clients, our stakeholders, and our staff.”
In line with AM Finest, the scores improve is a results of BCS’s steadiness sheet energy, which AM Finest assessed as “strongest,” in addition to BCS’s sustained development and strengthening of its enterprise profile, enlargement of product distribution capabilities, and dedication to innovation.
Among the many contributing components is a brand new, cutting-edge reinsurance resolution to guard the monetary dangers related to the rising gene remedy market. Moreover, BCS, owned by 35 Blue Cross Blue Defend Plans and the Blue Cross Blue Defend Affiliation, has developed new cease loss options for big/nationwide accounts; launched best-in-class accident, important sickness, and hospital indemnity insurance policies; and entered into numerous new partnerships and strategic investments.
“Innovation stays on the forefront of our enterprise, and this score reinforces that we’ve got the proper methods and options to drive our enterprise ahead,” mentioned Peter Costello, President & Chief Government Officer, BCS Monetary. “We embrace the long run with confidence, and we proceed to be laser-focused on delivering significant and measurable worth to our clients and companions.”
The total launch from AM Finest will be discovered at: http://information.ambest.com/newscontent.aspx?altsrc=149&refnum=235027.
About BCS Monetary Company
BCS Monetary Company has greater than 70 years of expertise delivering a variety of insurance coverage and monetary options for Blue Cross and Blue Defend organizations nationwide and globally. By means of its subsidiaries, BCS Insurance coverage Firm, 4 Ever Life Insurance coverage Firm, and 4 Ever Life Worldwide, BCS is licensed in all 50 states and is rated A (Glorious) by AM Finest. BCS Monetary is headquartered in Oakbrook Terrace, Illinois. Be taught extra at bcsf.com.
Nathan Put up
Supply: BCS Monetary