Pioneer General Insurance Company Merged With American Contractors Indemnity Company
January 13 2012 - 5:00PM
HCC Insurance Holdings, Inc. (NYSE:HCC) today
announced the merger of Pioneer General Insurance Company (PGIC)
with and into American Contractors Indemnity Company (ACIC), both
of which are wholly owned subsidiaries of HCC. The merger, which is
part of HCC's ongoing effort to rationalize its legal entity
structure, was effective December 31, 2011. All of the
business of PGIC has been transitioned to ACIC.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is
a leading international specialty insurance group with offices
across the United States and in the United Kingdom, Spain and
Ireland. As of September 30, 2011, HCC had assets of $9.6
billion and shareholders' equity of $3.3 billion. HCC's major
domestic and international insurance companies have financial
strength ratings of "AA (Very Strong)" from Standard & Poor's
Corporation, "A+ (Superior)" from A.M. Best Company, "AA (Very
Strong)" from Fitch Ratings, and "A1 (Good Security)" from Moody's
Investors Service, Inc.
For more information about HCC, please visit
http://www.hcc.com.
Forward-looking statements contained in this press release are
made under "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995 and involve a number of risks and
uncertainties. The types of risks and uncertainties which may
affect the Company are set forth in its periodic reports filed with
the Securities and Exchange Commission.
CONTACT: Doug Busker, Director of Investor Relations
HCC Insurance Holdings, Inc.
Telephone: (713) 996-1192
Warrior Met Coal (NYSE:HCC)
Historical Stock Chart
From May 2024 to Jun 2024
Warrior Met Coal (NYSE:HCC)
Historical Stock Chart
From Jun 2023 to Jun 2024