History of Tokio Marine HCC
Resilient. Focused. Agile. Since 1974, we have protected and defended policyholders with highly customized and innovative insurance solutions. In the decades to come, we will continue to reinvent insurance by anticipating and preempting the world’s emerging exposures.
1974 - HCC founded by Stephen L. Way
1984 - HCC receives its first ever rating from A.M. Best Corporation, Inc.: "B+"
1992 - First public offering of HCC stock on the NASDAQ with a market cap of $60 million and assets of just over $100 million
1996 - HCC switches its listing to the NYSE
1997 - Acquisition of Avemco Insurance Company and U.S. Specialty Insurance Company, the largest writers of privately owned aircraft in the world; receives "A+ (Superior)" rating from A.M. Best Corporation, Inc.
1999 - HCC acquires Centris Group, its largest competitor in the medical stop loss sector; receives "AA (Very Strong)" rating from Standard & Poor's 2000 London operations expand with new teams underwriting energy, property, and A&H insurance
2001 - Professional Indemnity Agency and ASU International, both specialty MGA's, join the growing list of HCC acquisitions
2002 - Acquisition of MAG Global Financial Products, an MGA specializing in financial lines, including Directors & Officers and professional liability; HCC also expands into Professional Indemnity space in the UK with the acquisition of Dickson Manchester
2003 - HCC enters the U.S. surety business with the acquisition of American Contractors Indemnity Company
2004 - HCC acquires RA&MCO Insurance Services, an agency targeting Architects and Engineers insurance; HCC expands into surety and credit in Europe with the acquisition of De Monfort
2005 - United States Surety Company joins the HCC Surety Group and HCC acquires Perico Life to supplement growing domestic A&H businesses; HCC enters Lloyds through the purchase of Illium, a managing agent at Lloyds; HCC begins to underwrite trade credit and political risk insurance through its New York and London offices
2006 - HCC acquires Kenrick Corporation as well as Allianz Life Insurance Company's Health Products Division
2007 - HCC Specialty launches totaleventinsurance.com, an online insurance placement solution
2008 - HCC expands its medical stop loss business with the purchase of Cox Insurance Group; HCC acquires Multinational Underwrites, LLC (renamed HCC Medical Insurance Services, Inc.), an early adopter of selling travel and short term medical products on the internet; HCC hires a new team to write DIC (earthquake) coverage in California and other states
2009 - HCC acquires Surety Company of the Pacific, a provider of California license and permit bonds; HCC merges Syndicate 4040 with Syndicate 4141; International group hires a team to underwrite property treaty reinsurance
2011 - HCC expands its offerings by hiring teams to enter the technical property, primary casualty and excess casualty markets
2013 - HCC begins to offer builders risk treaty reinsurance out of London office; HCC launches the innovative broker solution hccartisans.com for artisan contractor insurance
2014 - HCC celebrates 40 years of Mind over Risk; Select Casualty unit started to provide general liability coverage to small and mid-size enterprises; HCC Medical Insurance Services expands with new Travel Insurance team
2015 - HCC acquires Producers Ag Insurance Group (ProAg), a leading writer of crop insurance; Tokio Marine Holdings, Inc. acquires HCC Insurance Holdings, Inc.
2016 - Tokio Marine HCC acquires On Call International, LLC, as well as Bail USA, Inc.
2017 - Tokio Marine HCC acquires AIG's Medical Stop-Loss and Organ Transplant operations