HCC Buys Surety Associates Holding
NU Online News Service, Dec. 11, 3:44 p.m.EST?HCC Insurance Holdings Inc., a Houston-based specialtyinsurer, is purchasing Surety Associates Holding Co. Inc. and itsmain subsidiary American Contractors Indemnity Company, a LosAngeles-based surety company.[@@]
American Contractors Indemnity Company is one of the marketleaders in providing court, specialty contract, license and permitbonds. Its gross written premium is estimated to be more than $50million in 2004.
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