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Fitch affirms HCC Insurance
Fitch Ratings said it affirmed HCC Insurance Holdings, Inc.'s long-term issuer default at A.
The outlook is stable.
The agency said the affirmation reflects the company's very strong earnings, capitalization and a reserve position that Fitch views as sufficient.
The agency also said the rating takes into account parent ownership. HCC is owned by Tokio Marine Holdings, Inc. (A+/stable).
Tokio Marine's rating is constrained by the Japanese operations' exposure to country risks in Japan, which Fitch views as only indirectly affecting HCC.
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