Tokio Marine HCC announced that S&P Global Ratings has affirmed the ‘A+’ (Strong) Financial Strength Ratings for its core insurance company subsidiaries and the ‘A-’ Issuer Credit Rating for HCC Insurance Holdings, Inc., while raising the outlook for all of these ratings to Positive.
“We are incredibly pleased that S&P has affirmed Tokio Marine HCC’s ratings and raised the outlook for our ratings to Positive, subsequent to the same actions being taken on our parent, Tokio Marine. Our exceptional financial strength, bolstered by the backing of Tokio Marine, provides our customers with the confidence that we will be here to support them in the long term,” said Susan Rivera, Tokio Marine HCC’s Chief Executive Officer.
The ‘A+’ Financial Strength Ratings apply to the following insurance company subsidiaries:
- Houston Casualty Company
- U.S. Specialty Insurance Company
- Avemco Insurance Company
- HCC Life Insurance Company
- American Contractors Indemnity Company
- United States Surety Company
- HCC International Insurance Company PLC
- Tokio Marine Europe S.A.
- HCC Reinsurance Company Limited