Houston-based HCC Insurance Holdings Inc. announced that Standard & Poor’s have affirmed their AA (Very Strong) counterpart credit and financial strength ratings for the HCC Insurance Holdings Inc. group of insurance companies:
* Houston Casualty
* US Specialty Insurance Company
* Avemco Insurance Company
* HCC Specialty Insurance Company
* HCC Europe
* HCC Life Insurance Company
Recently acquired American Contractors Indemnity Company will be added to the group rating shortly.
Stephen Way, chairman and CEO, said, “We have been able to keep this very strong rating and still achieve better than 14 percent average return on equity over the past ten years.”
Was this article valuable?
Here are more articles you may enjoy.
Claimants of 23andMe Data Breach to Get $46.75M in Settlement Deal 
Hacking Group Claims Major Hack of Novo Nordisk and Attempted $25M Extortion 
Capital Factory CEO Killed in Private-Jet Crash in Texas 
Ship Owner Seeks Dismissal of Economic Loss Claims From Baltimore Bridge Collapse 
