HOUSTON, Nov. 15, 2005 (PRIMEZONE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today the formation of HCC Insurance Holdings (International) Limited (HCCI), based in London, England, which will act as the holding company for all international operations.
Additionally, all underwriting operations in the U.K., other than HCC Global Financial Products (HCCG) and future subsidiary Illium Underwriting, will be integrated into HCC International Insurance Company PLC (formerly De Montfort Insurance Company PLC), subject to regulatory approval. Rattner Mackenzie, the group's London-based insurance broker, HCCG and Illium will remain independent reporting with HCCI to Chief Executive Barry J. Cook. In connection with this restructuring, the following promotions have been made:
HCC Insurance Holdings (International) Limited Barry J. Cook, Chief Executive Officer Nicholas I. Hutton-Penman - Chief Operating officer Brendan R. Merriman - Chief Financial Officer. HCC International Insurance Company PLC Charles L. C. Manchester, Chief Executive Officer Michael L. Onslow, Senior Vice President - A&H, Property, Marine & Energy James R. Davidson, Senior Vice President - Credit and Surety Tony Browne, Vice President - Professional Indemnity
Barry J. Cook, Chief Executive Officer of HCCI said, "With this group of seasoned professionals we have the management, capital and ratings to expand the HCC group throughout the world with creative ideas and powerful solutions."
HCC is an international insurance holding company and a leading specialty insurance group since 1974, based in Houston, Texas with offices across the USA and in Bermuda, England and Spain. HCC is traded on the NYSE (symbol: HCC), has assets exceeding $6.6 billion and is rated AA (Very Strong) by Standard & Poor's and A+ (Superior) by A. M. Best Company.
For more information, visit our website at www.hcch.com.
The HCC Insurance Holdings, Inc. company logo can be found at http://www.primezone.com/newsroom/prs/?pkgid=1977
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.