A. M. Best Company affirmed the “A+” (Superior) rating of Houston-based HCC Insurance Holdings Inc. subsidiaries Houston Casualty Company, U.S. Specialty Insurance Company and Avemco Insurance Company and removed their negative outlook, according to HCC. The company said A. M. Best also raised the rating of HCC subsidiary, HCC Life Insurance Company to “A” (Excellent), with a positive outlook. HCC is an international insurance holding company with over $2.75 billion in assets. The company said its shares, which are traded on the NYSE, have a market capitalization of over $1.5 billion. HCC added that the company is rated “AA” (Very Strong) by Standard & Poor’s.
Was this article valuable?
Here are more articles you may enjoy.
Hackers Had Been Lurking in Cyber Firm F5 Systems Since 2023 
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot 
‘Massive Legal Siege’ Against Social Media Companies Looms 
Amazon’s AWS Struggles to Recover After Major Outage Disrupts Apps, Services From This Issue
