HOUSTON, Jan. 03, 2019 (GLOBE NEWSWIRE) — Tokio Marine HCC today announced that A.M. Best has affirmed the â€śA++ (Superior)â€ť Financial Strength Ratings and â€śaa+â€ť Long-Term Issuer Credit Ratings of the property/casualty insurance companies in the Houston Casualty Group and HCC Life Insurance Company.Â The outlook for all of A.M. Bestâ€™s ratings is Stable.
â€śWe are very pleased that A.M. Best has affirmed Tokio Marine HCCâ€™s Financial Strength Ratings of â€śA++â€ť.Â These robust ratings reflect our strong balance sheet, underwriting-focused business strategy and track record of profitable results, as well as our effective enterprise risk management,â€ť said Susan Rivera, Tokio Marine HCCâ€™s Chief Executive Officer.The following property/casualty insurance companies comprise Houston Casualty Group, as defined by A.M. Best:Houston Casualty CompanyU.S. Specialty Insurance CompanyAvemco Insurance CompanyHCC Specialty Insurance CompanyAmerican Contractors Indemnity CompanyUnited States Surety CompanyProducers Agriculture Insurance CompanyProducers Lloyds Insurance CompanyHCC Reinsurance Company LimitedTokio 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.Â Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom and Continental Europe.Â Tokio Marine HCCâ€™s major domestic insurance companies have financial strength ratings of â€śAA- (Very Strong)â€ť from S&P Global Ratings, â€śA++ (Superior)â€ť from A.M. Best, and â€śAA- (Very Strong)â€ť from Fitch Ratings; its major international insurance companies have financial strength ratings of â€śAA- (Very Strong)â€ť from S&P Global Ratings.Â Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $34 billion as of December 31, 2017.Â For more information about Tokio Marine HCC, please visit www.tokiomarinehcc.com.Contact:
Doug Busker, Vice President â€“ Public Relations
Tokio Marine HCC
713-996-1192 Source: https://globenewswire.com/news-release/2019/01/03/1680429/0/en/A-M-Best-Affirms-Tokio-Marine-HCC-Insurance-Company-Ratings-of-A-With-Stable-Outlook.html