Press Release - OCTOBER 02, 2019
AM Best Comments on Credit Ratings of Blue Cross Life Insurance Company of Canada Following Alliance Agreement
FOR IMMEDIATE RELEASE
OLDWICK - OCTOBER 02, 2019
Pacific Blue Cross, headquartered in Burnaby, British Columbia, is the province’s No. 1 health benefits provider, offering health, dental, life and disability insurance coverage to a third of British Columbians. Pacific Blue Cross will own one-sixth of Blue Cross Life, and it will transfer a substantial portion of its life and disability inforce business as consideration and operate under the same model as the existing investors of Blue Cross Life. The business model of Blue Cross Life remains unchanged as a manufacturer of life and accident and sickness insurance products, which are distributed by its owners.
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