Fitch Affirms Tokio Marine HCC’s Insurance Company Ratings of ‘AA-’ With Stable Outlook

HOUSTON, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Tokio Marine HCC (TMHCC) today announced that Fitch Ratings has affirmed the ‘AA-’ (Very Strong) Insurer Financial Strength (IFS) Ratings for its 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.

“Fitch’s affirmation of Tokio Marine HCC’s ‘AA-’ financial strength ratings reflects our underwriting discipline, which promotes consistently profitable earnings and preserves our balance sheet strength,” said Susan Rivera, Tokio Marine HCC’s Chief Executive Officer.

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

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 $39 billion as of June 30, 2022. 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 A.M. 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.

Source: Tokio Marine HCC