HCC Insurance Holdings Inc., headquartered in Houston, announced that Standard & Poor’s Corp. has affirmed the Financial Strength Ratings of “AA” for the following insurance company subsidiaries:
- Houston Casualty Co.
- Avemco Insurance Co.
- U.S. Specialty Insurance Co.
- HCC Specialty Insurance Co.
- HCC Life Insurance Co.
- American Contractors Indemnity Co.
- United States Surety Co.
- HCC International Insurance Co. PLC
- HCC Europe Seguros y Reaseguros, S.A.
- HCC Reinsurance Co. Limited
Additionally, the issuer credit rating for HCC Insurance Holdings Inc. was affirmed at “A”, and the debt rating on the $300 million 6.3 percent Senior Notes due 2019 of the holding company remains at “A.” The ratings outlook is “Stable.”
S&P also upgraded HCC’s Enterprise Risk Management (ERM) rating from “Adequate With Positive Trend” to “Strong.”
Source: HCC Insurance Holdings Inc.
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