A.M. Best Assigns Credit Ratings to HCC Reinsurance Company Limited

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has assigned a Financial Strength Rating (FSR) of A++ (Superior) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “aa+” to HCC Reinsurance Company Limited (HCC Re) (Hamilton, Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable. This company is a wholly owned subsidiary of HCC Insurance Holdings, Inc., an intermediate holding company that owns the insurance operating members of Houston Casualty Group.

The ratings reflect HCC Re’s role as a member of the Houston Casualty Group. Factors supporting this relationship include HCC Re’s strategic role, common ownership, common management and an expectation of future financial and operational support within the affiliated companies. The ratings also consider the implicit support the company receives from the direct parent, Tokio Marine & Nichido Fire Insurance Company, Ltd., and the ultimate parent, Tokio Marine Holdings, Inc.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

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A.M. Best

Robert Raber

Senior Financial Analyst

+1 908 439 2200, ext. 5696

[email protected]

or

Greg Williams

Senior Director

+1 908 439 2200, ext. 5815

[email protected]

or

Christopher Sharkey

Manager, Public Relations

+1 908 439 2200, ext. 5159

[email protected]

or

Jim Peavy

Director, Public Relations

+1 908 439 2200, ext. 5644

[email protected]

Source: A.M. Best