Tuesday 12 November 2024 - Company news

Tokio Marine HCC ratings of A++ and AA- affirmed by AM Best and Fitch with stable outlook

HOUSTON (November 12, 2024) . . .

Tokio Marine HCC today announced that AM Best and Fitch Ratings have affirmed the Company’s ratings.

“We are incredibly pleased that AM Best and Fitch have affirmed Tokio Marine HCC’s financial strength ratings of ‘A++’ and ‘AA-,’ respectively.  These outstanding ratings reflect our sound and effective risk culture, balance sheet strength and exceptional long-term performance across underwriting cycles,” said Susan Rivera, Tokio Marine HCC’s Chief Executive Officer.

Pillars of Success

On November 8, 2024, AM Best announced that it had affirmed the ‘A++’ (Superior) Financial Strength Ratings and ‘aa+’ Long-Term Issuer Credit Ratings of the property/casualty insurance companies in the Houston Casualty Group and HCC Life Insurance Company.  The outlook for all of AM Best’s ratings is Stable.

The following property/casualty insurance companies comprise Houston Casualty Group, as defined by AM Best:

  • Houston Casualty Company
  • U.S. Specialty Insurance Company
  • Avemco Insurance Company
  • American Contractors Indemnity Company
  • United States Surety Company
  • Producers Agriculture Insurance Company
  • Producers Lloyds Insurance Company
  • HCC Reinsurance Company Limited

On November 5, 2024, Fitch Ratings announced that it had affirmed the ‘AA-’ (Very Strong) Insurer Financial Strength (IFS) Ratings for HCC’s insurance company subsidiaries and the ‘A’ Long-Term Issuer Default Rating for HCC Insurance Holdings, Inc.  The outlook for all of Fitch’s ratings is Stable.

These IFS 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 Reinsurance Company Limited

About Tokio Marine HCC
Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $73 billion as of June 30, 2024.  Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Continental Europe.  Tokio Marine HCC’s major domestic insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings, ‘A++’ (Superior) from AM Best, and ‘AA-’ (Very Strong) from Fitch Ratings; its major international insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global 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.  For more information about Tokio Marine HCC, please visit www.tokiomarinehcc.com.

Contact
Brian Norris
Cognito Media
[email protected]
+44 (0) 7592 509 016