HOUSTON, Dec. 15, 2020 (GLOBE NEWSWIRE) — Tokio Marine HCC today announced that A.M. Best has affirmed the “A++ (Superior)” Financial Strength Ratings and “aa+” Long-Term Issuer Credit Ratings of the property/casualty insurance companies in the Houston Casualty Group and HCC Life Insurance Company. The outlook for all of A.M. Best’s ratings is Stable.
“Tokio Marine HCC is pleased that A.M. Best has affirmed our Financial Strength Ratings of “A++”. These outstanding ratings are indicative of Tokio Marine HCC’s strong balance sheet, disciplined underwriting approach and consistent profitability throughout the market cycle, as well as our strong enterprise risk management,” said Susan Rivera, Tokio Marine HCC’s Chief Executive Officer.
The following property/casualty insurance companies comprise Houston Casualty Group, as defined by A.M. Best:
• Houston Casualty Company
• U.S. Specialty Insurance Company
• Avemco Insurance Company
• American Contractors Indemnity Company
• United States Surety Company
• Producers Agriculture Insurance Company
• Producers Lloyds Insurance Company
• HCC Reinsurance Company Limited
About Tokio Marine HCC
Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $30 billion as of September 30, 2020. Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Continental Europe. Tokio Marine HCC’s major domestic insurance companies have financial strength ratings of “A+ (Strong)” from S&P Global Ratings, “A++ (Superior)” from A.M. Best, and “AA- (Very Strong)” from Fitch Ratings; its major international insurance companies have financial strength ratings of “A+ (Strong)” from S&P Global Ratings. Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company. For more information about Tokio Marine HCC, please visit www.tokiomarinehcc.com.
| Contact: | Doug Busker, Vice President – Public Relations Tokio Marine HCC 713-996-1192 |