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Stock Market & Financial Investment News

News Breaks
July 17, 2014
17:05 EDTHCCHCC Insurance ratings affirmed by Standard & Poor's with stable outlook
HCC Insurance Holdings announced that Standard & Poor's has affirmed the "AA (Very Strong)" financial strength ratings for its core insurance company subsidiaries and the "A" issuer credit rating for HCC Insurance Holdings. The outlook for these Standard & Poor's ratings is Stable.
News For HCC From The Last 14 Days
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September 30, 2014
16:34 EDTHCCHCC Insurance acquires Producers Ag Insurance Group for $110M in cash
HCC Insurance Holdings announced it has reached a definitive agreement to acquire Producers Ag Insurance Group from CUNA Mutual Group in an all-cash purchase of ProAg's capital stock for $110M, subject to a net worth adjustment at closing as described in the purchase agreement. The transaction, which is subject to regulatory approvals, is expected to close in 1Q15. ProAg's current management team will continue to operate the business. ProAg is one of the leading writers of crop insurance in the U.S. with gross earned premiums of $633.5M in 2013.

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