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HOUSTON (July 18, 2023) . . .

Tokio Marine HCC today announced it has signed a definitive agreement to acquire Gulf Guaranty Employee Benefit Services, Inc. (Gulf Guaranty), a third-party administrator and managing general underwriter that designs, underwrites and administers group gap medical plans for small and mid-sized businesses. The transaction, which is subject to regulatory approval and other customary closing conditions, is expected to close in the third quarter of 2023.

Gulf Guaranty offers a group gap medical plan called MedPlus that pays limited benefits for expenses otherwise covered by an employer’s primary medical plan, but not payable due to the deductible and co-insurance provisions of the primary plan. MedPlus is employer-paid, and every employee enrolled in the employer’s primary medical plan is automatically enrolled in the product. Group gap medical coverage is a new, profitable product addition to Tokio Marine HCC. The acquired operation produces gross written premium of approximately $60 million annually.

“Group gap medical coverage is an attractive addition to Tokio Marine HCC’s large and diversified portfolio of specialty insurance products. This acquisition provides a complementary niche product to our first-class medical stop loss franchise. We are excited about the value proposition this product offers to employers and believe there is tremendous potential to build upon our solid foundation in the health insurance market,” said Susan Rivera, Tokio Marine HCC Chief Executive Officer.

“Tokio Marine HCC – Stop Loss Group believes that MedPlus enhances our existing business, and we enthusiastically welcome Gulf Guaranty’s employees to the Tokio Marine HCC family. This addition expands our product offering while strengthening our position in the health insurance industry. Looking ahead, we will work hard to ensure a seamless transition for brokers, policyholders and the members covered under MedPlus policies, and we will provide the support and resources necessary to successfully grow the business in the future,” commented Jay Ritchie, President of Tokio Marine HCC – Stop Loss Group.

Today, Tokio Marine HCC – Stop Loss Group covers over 3,500 self-funded employers and union plans for medical stop loss and another 1,000 groups with organ transplant insurance. By listening to the demands of the market, the group has developed exceptional products, unparalleled resources and value-added services that set it apart in the industry.

About Tokio Marine HCC

Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $38 billion as of March 31, 2023. Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Continental Europe. Tokio Marine HCC’s major domestic insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings, ‘A++’ (Superior) from A.M. Best, and ‘AA-’ (Very Strong) from Fitch Ratings; its major international insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings. Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company. For more information about Tokio Marine HCC, please visit

About Tokio Marine HCC – Stop Loss Group

Tokio Marine HCC – Stop Loss Group is the marketing name used to describe the medical stop loss and organ transplant-related insurance operations of Tokio Marine HCC through its wholly owned subsidiary HCC Life Insurance Company (HCC Life). HCC Life is a leading provider of medical stop loss insurance through brokers, consultants and third-party administrators. The Company has financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings, ‘A++’ (Superior) from A.M. Best, and ‘AA-’ (Very Strong) from Fitch Ratings. HCC Life is backed by the financial strength of its parent company, HCC Insurance Holdings, Inc. For more information about HCC Life, please visit

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