HOUSTON, Dec. 2, 2010 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced that HCC Life Insurance Company (HCC Life), a leading carrier of medical stop loss insurance, has reached an agreement with Mayo Clinic to offer transplant services to its medical stop loss policyholders. This direct contract between HCC Life and Mayo Clinic is considered to be the first-of-its-kind agreement for both organizations.
"HCC Life Insurance Company is very excited to have a direct contract with such a prestigious institution as Mayo Clinic," said Craig Kelbel, President and Chief Executive Officer of HCC Life Insurance Company. "This agreement reinforces HCC Life's commitment to offering our policyholders quality services that are unmatched in the industry, and we trust our policyholders will take advantage of Mayo Clinic's successful history of providing exceptional care for catastrophic medical needs."
Named to the "Best Hospitals" list by U.S. News and World Report for 21 consecutive years, Mayo Clinic is the first and largest integrated, not-for-profit group practice in the world. More than 1,400 outcome-based transplants are performed each year at Mayo Clinic's Arizona, Florida and Minnesota facilities, making this nationally-recognized transplant program the largest in the country.
"This agreement with HCC Life will encourage more people to experience Mayo Clinic when they are facing complex medical issues such as transplants," said John Noseworthy, M.D., Mayo Clinic President and Chief Executive Officer.
A key focus of the relationship will be to create and hone the process for matching the right patients with Mayo care at the appropriate time and demonstrating that care at Mayo is not only of high quality with better outcomes, but also efficient and cost effective.
About HCC Life Insurance Company
For more than 30 years, HCC Life Insurance Company (HCC Life) has been leading the way in stop loss insurance for employers who self-fund their employee benefit plans. HCC Life Insurance Company's products, including Medical Stop Loss, HMO Reinsurance, Medical Excess and Group Term Life Insurance, are backed by the financial stability of parent company, HCC Insurance Holdings, Inc. (NYSE:HCC), and hold a rating of A+ (Superior) for financial strength, awarded by A.M. Best Company ratings services. Visit www.hcclife.com for more information.
About Mayo Clinic
Mayo Clinic is a non-profit worldwide leader in medical care, research and education for people from all walks of life. For more information, visit www.mayoclinic.org/about/ and www.mayoclinic.org/news.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is a leading international specialty insurance group with offices across the United States and in the United Kingdom, Spain and Ireland. As of September 30, 2010, HCC had assets of $9.3 billion and shareholders' equity of $3.3 billion. HCC's major domestic and international insurance companies have a financial strength rating of "AA (Very Strong)" from Standard & Poor's Corporation. HCC's major domestic insurance companies have a financial strength rating of "AA (Very Strong)" from Fitch Ratings, "A1 (Good Security)" from Moody's Investors Service, Inc., and "A+ (Superior)" by A.M. Best Company, Inc.
For more information about HCC, please visit .
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.
CONTACT: HCC Insurance Holdings, Inc. Jonathan Lee, HCC Director of Investor Relations (713) 996-1156