MUMBAI (Thomson Financial) - Fitch Ratings upgraded HCC Insurance Holdings
Inc's issuer default rating to 'A+' from 'A', citing HCC's solid capital
position, conservative investment profile and adequate loss reserves.
The rating outlook is stable.
Fitch said the action also reflects the company's leading market position in
a number of narrowly defined, non-correlated specialty insurance segments.
Fitch believes that despite management changes over the past year, there
will be no material changes in HCC's corporate strategy or operating performance
going forward.
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