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 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.