Fitch Ratings has affirmed the ‘AA-’ (Very Strong) Insurer Financial Strength (IFS) ratings of Tokio Marine’s insurance company subsidiaries. The agency has also awarded an ‘A’ to the long-term issuer default rating for HCC Insurance Holdings, with all the outlook for all of Fitch’s ratings being ‘Stable'. Susan Rivera, Tokio Marine HCC’s chief executive officer, says they are “pleased with Fitch’s affirmation of our ‘AA-’ financial strength ratings”. The IFS ratings apply to the following Tokio Marine insurance company subsidiaries: Houston Casualty Company; US Speciality Insurance Company; Avemco Insurance Company; HCC Life Insurance Company; American Contractors Indemnity Company; United States Surety Company; and the HCC Reinsurance Company.
