HCC Insurance Holdings

HCC Insurance Holdings

HCC Insurance Holdings, Inc. is an international specialty insurance group with offices across the United States, the United Kingdom, Spain, and Ireland. The company is based in Houston, Texas, U.S.A. but has major offices in Atlanta, Barcelona, Boston, Chicago, Dallas, Detroit, Farmington (CT), Frederick (MD), Ireland, Leicester (UK), London, Los Angeles, Madrid, Mount Kisco (NY), and New York City.

HCC underwrites more than 100 classes of Specialty Insurance within five segments:

• U.S. Property & Casualty

The U.S. Property & Casualty segment provides insurance coverage for Aviation, Small Account Errors & Omissions Liability, Public Entity, Employment Practices Liability, Title, Residual Value, Disability, Kidnap & Ransom, Contingency, Brown Water Marine, Criminal Justice Service Operations, and Technical Property needs.

• Professional Liability

The company's Professional Liability segment provides Directors' & Officers' Liability, Large Account Errors & Omissions Liability, Diversified Financial Products, and Fidelity insurance.

• Accident & Health

The Accident & Health segment is a leading provider of Medical Stop-Loss, Short-Term Domestic & International Medical, HMO Reinsurance, and Medical Excess insurance.

• U.S. Surety & Credit

HCC's U.S. Surety & Credit segment offers Contract, Commercial, and Court Bonds as well as Credit Insurance.

• International

The company's International segment provides Energy, Property Treaty, Liability, Professional Indemnity, Surety, Credit, Commercial Property, Marine Hull, and Accident & Health insurance products. Currently, the company underwrites insurance for businesses in approximately 180 different countries.

The company was formed in 1974. Since the company's founding it has been consistently profitable, generally reporting annual increases in revenue and shareholder's equity. The company's philosophy is long term growth of shareholder's equity through capital preservation, diversification of operations, disciplined underwriting and conservative investments. The philosophy has proven effective and, accordingly, the company has paid shareholder dividends for over 60 consecutive quarters.

In 2010, it posted $2.6 billion on Gross premiums written, $2.3 in total revenue, earnings of $345 million, and Combined Ratio of less than 85%. Assets exceed $9.1 billion. HCC Insurance was ranked 827 in the 2009 edition of the Fortune 1000. The company has strong financial ratings including an A. M. Best rating of A+ (superior), Standard & Poor's rating of AA (very strong), Fitch Group rating of AA (very strong), and Moody's rating of A1 (good security).