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