public traded as nyse hcc industry insurance fate acquired by tokio marine founder stephen l. way headquarters houston texas u.s.a. area served global key people christopher j.b. williams chief executive officer william burke president brad irick chief financial officer products specialty insurance products including medical stop loss directors and officers and other types of professional liability aviation surety public risk and event cancellation revenue 2.3 billion net income 345 million number of employees 2 500 divisions accident & health surety & credit directors & officers and professional liability u.s. property & casualty international property & casualty website http www.tmhcc.com tokio marine hcc is an international specialty insurance group with offices across the united states the united kingdom spain and ireland . the company is based in houston texas u.s.a. but has major offices in atlanta barcelona boston chicago dallas detroit farmington ct frederick md ireland leicester uk london los angeles madrid mount kisco ny and new york city . 1 contents 1 operations services 2 history 3 aviation 3.1 avemco 3.2 houston casualty aviation 3.3 us specialty insurance aviation 4 professional liability 5 accident and health 6 international operations 7 growth and acquisitions 8 external links 9 references operations services edit tokio marine hcc underwrites more than 100 classes of specialty insurance within five segments u.s. property & casualty provides insurance coverage for aviation small account errors & omissions liability public entity employment practices liability title residual value disability kidnap & ransom contingency brown water marine criminal justice service operations and technical property needs . professional liability provides professional liability insurance including directors and officers liability insurance large account errors & omissions liability diversified financial products and fidelity insurance . accident & health provides medical stop loss short term domestic & international medical hmo reinsurance and medical excess insurance . u.s. surety & credit provides insurance coverage for contract commercial and court bonds as well as credit insurance . international provides insurance coverage for energy property treaty liability professional indemnity surety credit commercial property marine hull and accident & health insurance products . currently the company underwrites insurance for businesses in approximately 180 different countries . history edit the company formerly hcc insurance holdings inc. was formed as houston casualty company in 1974 by stephen l. way . since the company s founding it has been consistently profitable generally reporting annual increases in revenue and shareholder s equity . the company reports to have paid shareholder dividends for 67 consecutive quarters . 2 in 2010 it posted 2.6 billion on gross premiums written 2.3 in total revenue earnings of 345 million and combined ratio of less than 85 % . assets exceed 9.1 billion . tokio marine hcc was ranked 827 in the 2009 edition of the fortune 1000 . the company has strong financial ratings including an a. m. best rating of a superior standard & poor s rating of aa very strong and fitch group rating of aa very strong . on june 10 2015 the company announced it was acquired by japan s tokio marine for a fee of 7.5 billion . 3 4 5 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 . 6 aviation edit aviation was the first line of insurance provided by tokio marine hcc . since 1974 the company underwrites in the u.s. in general aviation a category which includes many types of aircraft from helicopters to home made private plans corporate jets and antique warbirds . the company s insurance for aviation includes hull liability spares cargo and war as well as many unique coverages . altogether hcc aviation insures approximately 45 000 aircraft in the united states and more than 60 countries worldwide . almost all the company s aviation insurance is written on three of the corporation s insurance companies houston casualty company us specialty insurance company and avemco insurance company . 7 avemco edit avemco insurance company has been serving the needs of u.s. general aviation since the 1950s . avemco was a stand alone nyse company and acquired by tokio marine hcc in 1997 . avemco sells direct to the consumer through its national call center in frederick maryland and online through its website . avemco provides traditional coverage on its standard policy . it also provides unique non owned aircraft policy coverage which protects renters and borrowers of general aviation aircraft . both the aircraft and non owner policies can be extensively modified by endorsement to meet the needs of the customer . an integral part of the aircraft community avemco invests considerable resources in loss prevention efforts and insurance education through air shows federal aviation administration and industry initiatives articles in aviation trade journals and other forums . 8 houston casualty aviation edit houston casualty company aviation writes a combination of international and u.s. commercial aviation insurance with a primary focus on the needs of large commercial businesses and internationally based risks . all of hc aviation s insurance involves commercial fixed and rotor wing business . it sells many types of insurance with particular emphasis on second and third tier airlines helicopters government military and police operations . it provides insurance to many south and central american military air forces government and police operations . because these types of risks are non commercial and some of the types of aircraft are military they require special understanding and expertise from both an underwriting and claims perspective . due to the unique nature of the business no single policy is the same as each risk is written and the policy developed on a customized basis . 9 us specialty insurance aviation edit ussic aviation writes general aviation and special risk insurance . the general aviation insurance provides insurance through brokers and agents and represents a portfolio of commercial operations insurance including charter cargo aerial photography and many other for hire purposes aviation insurance . it provides coverage for commercial aircraft as well as private aircraft owned and operated by individuals . it offers coverage for rotor wing aircraft flown both for private and commercial purposes . in addition to hull and liability general aviation issues policies for airports which includes overages for premises non critical products completed operations and hangar keeper s legal liability . the special risks insurance offers coverage for aircraft that do not fit the typical definition of general aviation . these aircraft include antiques classics seaplanes experimental aircraft and warbirds . pilots who wish to transition to more complex aircraft can obtain insurance through special risks . ussic aviation is a market leader for air show liability insuring a majority of the nation s air shows each year . ussic aviation is the largest insurer of war birds that is propeller and jet driven military surplus aircraft owned individually or held by aircraft museums . these aircraft are unique often one of a kind and obtaining the right insurance can be challenging . ussic aviation partners with aircraft owners and pilots to provide the coverage they need and to ensure the aircraft are operated and maintained in a safe manner . 10 professional liability edit the company underwrites directors and officers liability insurance through its hcc global subsidiary . a large number of public and private companies financial institutions and commercial companies rely on d & o insurance . the company offers both domestic u.s. and international coverage . the company reports to have relationships with approximately 550 brokers in more than 50 countries . company employees represent more than 20 nationalities bringing multilingual skills and experience . 11 accident and health edit with the acquisition of ldg management company incorporated in 1996 tokio marine hcc began writing medical stop loss insurance and made a pivotal entry into the life accident and health industry . through subsequent acquisitions and by maintaining a strong underwriting focus the company has become a market leader in medical stop loss insurance as well as a solid player in the hmo reinsurance provider excess medical excess sports disability short term medical and international medical insurance markets . medical stop loss insurance is the major component of the business segment . medical stop loss insurance provides employers that self fund their employee health benefits protection against catastrophic loss . more than 3 500 employer groups and five million lives across the u.s. trust tokio marine hcc to protect their plan from unexpected catastrophic claims that can occur during a plan year . aggregate and specific coverages are available to a diverse group of employers and providers from those with as few as 50 covered lives to organizations employing thousands . short term medical insurance offers a solution for individuals transitioning between jobs college students or recent graduates children who are no longer eligible on their parents plans due to age or status those seeking an affordable alternative to cobra new employees waiting for group coverage to begin and indidivuals not yet eligible for medicare coverage . tokio marine hcc also offers high limit sports disability insurance to protect against the future loss of earnings of athletes who may become temporarily or permanently disabled and can no longer continue their professional sports career . coverage is available for the team or individual players . 12 international operations edit houston casualty company was authorized by her majesty s treasury in 1998 to operate a full branch office in the united kingdom and the company opened its london branch to more closely align its underwriting operations with the london market . hcc now has offices across the united kingdom ireland and spain that provide a broad range of specialty insurance coverage including energy marine commercial property credit professional indemnity surety bonds political risks accident and health general liability and property treaty . tokio marine hcc is an owner of a lloyd s managing agency and 100 % capital provider of a lloyd s syndicate . 13 growth and acquisitions edit the company has grown organically growing market share with existing products by adding new products as well as acquisitions of other insurance businesses . the company also divested business positions to retain its strong focus on underwriting of specialty insurance products . in 2016 the company acquires bail usa inc. a leading wholesale bail agency 14 and on call international a leading provider of fully customized travel risk management services . 15 in 2015 the company acquires producers ag insurance group proag a leading writer of crop insurance . 16 in 2014 the company celebrated 40 years of mind over risk ; select casualty unit started to provide general liability coverage to small and mid size enterprises ; hcc medical insurance services expands with new travel insurance team . in 2013 the company enters the north american construction property risks markets and begins to offer builders risk treaty reinsurance out of london office . the company also launches the innovative broker solution hccartisans.com for artisan contractor insurance . 17 in 2011 the company opened primary casualty and excess casualty divisions . 18 in 2010 the company started a technical property division . 19 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 lloyd s syndicates to achieve more operational efficiency . the company formed a property treaty underwriting team . 20 in 2008 the company acquired cox insurance group arrowhead public risk vmgu insurance agency the surety company of the pacific and multinational underwriters . 21 22 23 24 in 2006 the company acquired novia underwriters inc. g.b. kenrick & associates and the health products division of allianz life insurance . 25 26 27 in 2005 the company acquired us surety company demontfort group ltd. perico ltd. mic life insurance and the ilium insurance group . 28 29 30