SCOTT W. WISE JOINS BOARD OF
DIRECTORS
OF HCC INSURANCE HOLDINGS, INC.
HOUSTON (May 14, 2008) . . .
HCC Insurance Holdings, Inc. (NYSE: HCC) announced today that Scott W.
Wise has been elected as a new member of the Company’s Board of Directors.
This brings the total number of Directors to 12.
Mr. Wise is Vice President for Investments and Treasurer of Rice University
in Houston, a position he has served in since 1989. He previously held other
financial positions at Rice and worked for a public accounting firm in
Houston. Mr. Wise holds a Bachelor’s degree in Economics from Rice
University and a Master of Accounting degree from the University of Texas.
“Scott Wise has built an impressive track record as Chief Investment Officer
of Rice University: under his leadership the university’s endowment has
grown from $990 million to $4.7 billion. We are very pleased that Scott has
agreed to bring his expertise to our Board of Directors,” HCC Chief
Executive Officer Frank J. Bramanti said.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. (HCC) is a
leading international specialty insurance group with offices across the
United States and in Belgium, Bermuda, Ireland, Spain and the United
Kingdom. HCC has assets of more than $8.2 billion, shareholders’ equity in
excess of $2.5 billion and is rated AA (Very Strong) by Standard & Poor’s
and AA (Very Strong) by Fitch Ratings. In addition, HCC’s major domestic
insurance companies are rated A+ (Superior) by A.M. Best Company.
For more information, visit our website at
www.hcc.com.
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Contact:
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Barney White, HCC Vice President of
Investor Relations
Telephone: (713) 744-3719
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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. |
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