A.M. Best Upgrades AvMed’s Financial Outlook Rating
A.M. Best Company, the world's oldest and most authoritative insurance rating and information source, has upgraded AvMed's financial outlook rating.
Miami (PRWEB) December 18, 2013
A.M. Best Co. has upgraded AvMed’s outlook rating to “stable,” which AvMed leaders call an affirmation of the company’s new strategic direction and solid financial performance. In the announcement, A.M. Best indicated “The revised outlook reflects AvMed’s restoration of profitability and its much improved risk-adjusted capital level in 2012, as well as continued favorable operating and capitalization trends reported through late 2013.”
“We believe A.M. Best’s announcement recognizes AvMed’s solid operating performance and financial strength, and affirms AvMed’s new strategic direction which is focused on delivering a unique and truly differentiating experience to our members through our aligned provider partners,” said Randy Stuart, AvMed Senior Vice President and Chief Financial Officer.
The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at http://www.ambest.com/ratings/methodology.
A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information or the latest ratings, visit http://www.ambest.com.
In 1969, AvMed began in South Florida as Aviation Medicine to serve the growing airline industry by providing pilot physicals. Today, with offices in every major metropolitan area of the state, AvMed aims to inspire its membership of 300,000 Floridians to “Embrace better health.” AvMed provides Medicare Advantage coverage in Broward and Miami-Dade counties, Individual and Family coverage in Broward, Miami-Dade, and Palm Beach counties and Commercial coverage in more than 30 counties across the state. Major employer clients have been partners for decades, a testament to AvMed’s culture of service, which consistently ranks above statewide peers. For more information, visit http://www.avmed.org.
For the original version on PRWeb visit: http://www.prweb.com/releases/2013/12/prweb11430988.htm