HCC Life Insurance Company Launches New Employer Benefits Decision Tool
KENNESAW, Ga., May 2, 2014 (GLOBE NEWSWIRE) -- HCC Life Insurance Company (HCC
Life), a leading provider of medical stop-loss insurance, today announced the
launch of a new employer benefits decision tool as part of the Company's
continuing efforts to assist employers in making informed decisions regarding
their self-funded group plans. The new employer benefits decision tool, which
will be available to select producers and private exchanges, is designed to
benchmark an employer's stop-loss profile against other companies in the same
group size, industry and state. The benchmarking will compare stop-loss policy
terms and provisions, risk profiles and underlying benefit plan designs.
"With the ever changing environment surrounding health care, we believe it is
critical to provide detailed analytics as a resource to our producers as they
prepare their clients' benefit plans," said Craig J. Kelbel, President and
Chief Executive Officer of HCC Life Insurance Company.
HCC Life is a leading provider of medical stop-loss insurance through brokers,
consultants and third party administrators. The Company's extensive product
portfolio also includes group term life and short-term medical insurance. HCC
Life has financial strength ratings of "AA (Very Strong)" from Standard &
Poor's Corporation, "A+ (Superior)" from A.M. Best Company, Inc., "AA (Very
Strong)" from Fitch Ratings, and "A1 (Good Security)" from Moody's Investors
Service, Inc. The Company is backed by the financial strength of its parent
company, HCC Insurance Holdings, Inc. For more information about HCC Life,
please visit http://www.hcc.com/life.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. (NYSE:HCC) is a
leading specialty insurer with offices in the United States, the United
Kingdom, Spain and Ireland. As of March 31, 2014, HCC had assets of $10.6
billion and shareholders' equity of $3.8 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, Inc., "AA (Very Strong)" from Fitch Ratings, and "A1 (Good Security)"
from Moody's Investors Service, Inc.For more information about HCC, please
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: David Grider, Senior Vice President of Marketing & Sales
HCC Life Insurance Company
Telephone: (770) 693-6492
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