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.
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