Pioneer General Insurance, American Contractors Indemnity Merge

Houston-based HCC Insurance Holdings Inc. announced the merger of Pioneer General Insurance Co. (PGIC) with and into American Contractors Indemnity Co. (ACIC), both of which are wholly owned subsidiaries of HCC.

The merger was effective Dec. 31, 2011, and all of the business of PGIC has been transitioned to ACIC.

HCC Insurance Holdings Inc. is a specialty insurance group with offices across the United States and in the United Kingdom, Spain and Ireland. As of Sept.30, 2011, HCC had assets of $9.6 billion and shareholders’ equity of $3.3 billion.

Source: HCC