A.M. Best Company has affirmed an A+ (Superior) rating of Houston-based HCC Insurance Holdings, Inc. group of companies, consisting of Houston Casualty Company, U.S. Specialty Insurance Company and Avemco Insurance Company. In addition, their rating of HCC Life Insurance Company has been upgraded from A to A+.
According to A.M. Best, “These ratings reflect HCC’s strong capitalization on a consolidated basis and at its individual subsidiaries, its superior long-term profitability, conservative debt to capital and its strong and consistent debt service capacity. These favorable financial attributes are derived from its specialty niche business focus, diversified earnings stream, conservative fiscal and operating platform and proven good execution of operating fundamentals.”
Topics AM Best
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