HCC Global Financial Products, a leading global provider of Financial Lines Insurance since 1999, has announced the launch of an international HCC-branded Kidnap and Ransom insurance product in conjunction with HCC Specialty, a leading global provider of K&R insurance since 1980.
HCC Global and HCC Specialty are affiliated businesses owned by Houston-based HCC Insurance Holdings, Inc.
HCC Global will offer K&R insurance, with policies commencing in January 2013, to its international network of brokers in Europe, the Middle East, Africa and Asia, upholding HCC Specialty's reputation as a specialty insurer of reference for K&R in the international market.
"Over the past 13 years, HCC Global has developed a unique international distribution platform for specialty insurance solutions suited to our worldwide clients," says Thibaud Hervy and Philippe Vezio, managing directors at HCC Global. We are excited to add this new product to our catalogue and look forward to presenting it to our brokers."
Bert Van Wagenen, senior vice president of underwriting at HCC Specialty said, "We have built a strong presence in the K&R insurance market over the last 30 years, and we feel that the time has come to develop an HCC-branded K&R international product. In order to do so, it was vital for us to count on a global multilingual partner with extensive reach and one able to maintain the high underwriting standards on which we pride ourselves. HCC Global's international operations are well positioned to incorporate K&R in their product line-up, and our areas of collaboration are set up for success."