Tokio Marine HCC is an international insurance group with offices across the United States, the United Kingdom, Spain, and Ireland. The company is based in Houston, Texas, U.S.

History The company (formerly HCC Insurance Holdings, Inc.) was formed as Houston Casualty Company in 1974 by Stephen L. Way.Stephen L. Way.

On June 10, 2015, the company announced it was being acquired by Japan's Tokio Marine for a fee of $7.5 billion."Tokio Marine of Japan Agrees to Acquire HCC Insurance for $7.5 Billion". The New York Times, June 10, 2015."With HCC Holdings Buy, Tokio Marine Enhances Already Top Commercial Lines Performance". Insurance Journal, June 17, 2015. On October 27, 2015, the company announced the closing of the acquisition by Tokio Marine. The aggregate consideration paid in connection with the merger was approximately $7.5 billion, and the merger became effective at 4:05 p.m. EDT.

Aviation Aviation was the first line of insurance provided by Tokio Marine HCC. The company's insurance for aviation includes liability, cargo, and war. HCC Aviation insures approximately 45,000 aircraft in the United States and more than 60 countries worldwide.Tokio Marine HCC, Inc 2007 Annual Report page 6

Avemco Insurance Company was a stand-alone NYSE company acquired by Tokio Marine HCC in 1997. Avemco provides insurance policies for renters and borrowers of general aviation aircraft.Tokio Marine HCC, Inc 2007 Annual Report page 7

Houston Casualty Company Aviation (HC Aviation) writes a combination of international and U.S. commercial aviation insurance.Tokio Marine HCC 2007 Annual Report page 8 USSIC Aviation writes General Aviation and special risk insurance. USSIC Aviation specializes in insuring warbirds (propeller- and jet-driven military surplus aircraft owned individually or held by aircraft museums).HCC Insurance Holdings, Inc 2007 Annual Report page 10

Liability The company underwrites Directors and officers liability insurance through its HCC Global subsidiary. The company offers both domestic U.S. and international coverage. The company offers its international coverage through independent insurance brokers.HCC Insurance Holdings, Inc 2010 Annual Report pages 11 - 14

Accident and health Tokio Marine HCC provides sports disability insurance for professional teams and individual athletes.Tokio Marine HCC 2008 Annual Report pages 7 - 10

International operations Houston Casualty Company was authorized by Her Majesty's Treasury in 1998 to operate a full branch office in the United Kingdom. HCC has offices in the United Kingdom, Ireland, and Spain. Tokio Marine HCC is an owner of a Lloyd's managing agency and 100% capital provider of a Lloyd's syndicate.HCC Insurance Holdings, Inc 2009 Annual Report pages 6 - 12

In anticipation of Brexit, a new insurance company, Tokio Marine Europe S.A. (TME), was set up in Luxembourg, following regulatory approval from the Commissariat aux Assurances (CAA) and the Japanese Financial Services Authority (JFSA). TME operates as a subsidiary of HCC International Insurance Company plc. in partnership with Tokio Marine Kiln. With approval from the High Court of England and Wales, the Part VII process of transferring the existing portfolio of policies written out of Continental European operations to Tokio Marine Europe S.A. was executed.

On May 7, 2018, S&P Global Ratings assigned Tokio Marine Europe S.A. a "AA- (Very Strong)" financial strength rating.

Acquisitions In 1996, the company acquired LDG Management Company.The New York Times - "Company News: Shares of HCC Insurance up 14% After Acquisition Deal" - January 10, 1996 In 1997, the company acquired Managed Group Underwriting.The Free Library. 1997 PR Newswire Association LLC - "HCC Insurance Holdings, Inc. Announces the Acquisition of Managed Group Underwriting, Inc." - June 20, 1997 In 1998, the company acquired Guarantee Insurance Resources.Houston Business Journal - "HCC acquires Georgia firm" - January 15, 1998 In 1999, the company acquired Centris Group Inc. (insurance company).New York Times - "Company News: HCC Insurance holdings to Acquire Centris Group" - October 13, 1999 The same year, the company also acquired Midwest Stop Loss Underwriters. In 2002, the company acquired Dickson Manchester Ltd. and MAG Global Financial Products.Insurance Journal - "HCC to Acquire Dickson Manchester Ltd." - December 18, 2002Insurance Journal - "HCC Acquires MAG Global" - October 3, 2002 In 2004, the company acquired American Contractors Indemnity Company and RA&MCO Insurance companies.Insurance Journal - "HCC Closes Its Acquisition of American Contractors Indemnity Company" - February 16, 2004Insurance Journal - "HCC Acquires RA&MCO Insurance" - September 30, 2004 In 2005, the company acquired US Surety company, DeMontfort Group, Ltd., Perico Ltd., MIC Life Insurance, and the Ilium Insurance Group.Insurance Journal - "HCC to Acquire United States Surety" - November 16, 2004HCC Insurance Holdings, Inc 2005 Annual Report page 8Insurance Journal - "HCC Holdings Buys Lloyd’s Syndicate Manager Illium" - October 24, 2005 In 2006, the company acquired Novia Underwriters, Inc., G.B. Kenrick & Associates, and the Health Products Division of Allianz Life Insurance.Insurance Journal - "HCC Insurance Acquires Ind.-based Novia Underwriters" - June 30, 2006Globe Newswire - "HCC to Expand Its Underwriting Agency Operations With the Acquisition of Kenrick" - July 13, 2006Insurance Journal - "HCC Insurance Holdings Acquires Minn. Allianz Life Insurance" - Aug. 4, 2006 In 2008, the company acquired Cox Insurance Group, Arrowhead Public Risk, VMGU Insurance Agency, the Surety Company of the Pacific, and MultiNational Underwriters.Globe Newswire - "HCC Acquires Cox Insurance Group, a Midwestern Medical Stop-Loss Underwriter" - November 3, 2008Insurance Journal - "HCC Insurance Holdings Acquires Arrowhead Public Risk, U.S. Risk Insurance Brokers’ Criminal Justice Division" - December 12, 2008Globe Newswire - "HCC to Acquire Surety Company of the Pacific" - December 3, 2008Insurance Journal - "HCC Acquires MultiNational Underwriters; Approved for Lloyd’s Syndicate" - January 3, 2008 In 2009, the company sold its reinsurance brokerage business Rattner MacKenzie Limited and transferred rights relating to brown water marine to its original owner. The company also combined two of its Lloyd's syndicates. The company formed a Property Treaty underwriting team.Houston Business Journal - "HCC Insurance sells Rattner MacKenzie affiliate" - October 5, 2005 In 2010, the company started a Technical Property division.Insurance Journal - "HCC Insurance Holdings Hires Team for Technical Property Division" - November 19, 2010 In 2011, the company opened Primary Casualty and Excess Casualty divisions.Insurance Journal - "HCC Insurance Opens New Primary and Excess Casualty Divisions" - October 10, 2011 In 2013, the company expanded into the North American construction property risks market and began offering builders risk treaty reinsurance from its London office.Insurance Journal - "HCC Insurance Holdings Launches Construction Property Risks Division" - May 31, 2013 In 2015, the company acquired Producers Ag Insurance Group (ProAg), a writer of crop insurance.Globe Newswire - "HCC Insurance Holdings Completes Acquisition of Producers Ag Insurance Group" - January 2, 2015 In 2016, the company acquired Bail USA, Inc., a wholesale bail agencyTokio Marine HCC Acquires Bail USA - "Tokio Marine HCC Acquires On Call International" - February 4, 2016 and On Call International.Tokio Marine HCC Acquires On Call International - "Tokio Marine HCC Acquires On Call International" - January 21, 2016 In 2017, the company acquired AIG's Medical Stop-Loss and Organ Transplant operations. In 2018, the company acquired Qdos Contractor, a provider of insurance products and services to the UK. In 2019, the company acquired NAS Insurance Services, LLC. In 2020, the company acquired GCube.

References

External links