Tokio Marine HCC Acquires Bail USA

Thursday, February 4, 2016

Tokio Marine HCC today announced it has acquired Bail USA, Inc. (Bail USA), a leading wholesale bail agency. Bail USA contracts with approximately 500 active liable retail agents/agencies across 42 states and writes exclusively state and federal bail bonds. Cheryl L. Burns, Bail USA’s President and Chief Executive Officer, will continue to lead the company. She will report to Jon M. Schneider, HCC Surety Group’s Senior Vice President of Court and Bail Underwriting. Bail USA is headquartered in Greenville, Pennsylvania.

“HCC Surety Group is delighted to acquire this best-in-class bail wholesale agency, signifying our continuing commitment to the line of business and our existing agency force. Bail USA is the largest independent wholesaler of bail bonds in the United States, and we are pleased to welcome the Bail USA team to HCC Surety Group,” said Adam S. Pessin, HCC Surety Group’s Chief Executive Officer. “Bail USA is very pleased to join a great organization like HCC Surety Group and looks forward to future growth and prosperity under Tokio Marine HCC’s ownership,” said Cheryl L. Burns, Bail USA’s President and Chief Executive Officer.

HCC Surety Group is the marketing name used to describe the surety-related insurance operations of Tokio Marine HCC. HCC Surety Group, with offices throughout the United States, is the sixth largestwriter of surety business in the United States. Its members, American Contractors Indemnity Company, U.S. Specialty Insurance Company and United States Surety Company, have financial strength ratings of “AA- (Very Strong)” from Standard & Poor’s Financial Services LLC, “A+ (Superior)” from A.M. Best Company, Inc., and “AA- (Very Strong)” from Fitch Ratings. Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company. 

Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland. Tokio Marine HCC’s major domestic and international insurance companies have financial strength ratings of “AA- (Very Strong)” from Standard & Poor’s Financial Services LLC, “A+ (Superior)” from A.M. Best Company, Inc., and “AA- (Very Strong)” from Fitch Ratings. Policies are underwritten by American Contractors Indemnity Company, Avemco Insurance Company, HCC International Insurance Company PLC, HCC Life Insurance Company, HCC Specialty Insurance Company, Houston Casualty Company, Lloyd’s of London Syndicate 4141, Producers Agriculture Insurance Company, Producers Lloyd’s Insurance Company, U.S. Specialty Insurance Company and United States Surety Company. For more information about Tokio Marine HCC, please visit www.tmhcc.com.