HCC DIVERSIFIED FINANCIAL PRODUCTS
ANNOUNCES NEW UNDERWRITING TEAM
HOUSTON (March 8, 2004) . . .
HCC
Insurance Holdings, Inc. (NYSE symbol: HCC) announced today that
Richard Webb and Brian Deane will be joining HCC Diversified Financial
Products Limited (HCCD), the Group’s London based underwriting agency
specializing in writing professional indemnity insurance in the European
Union.
Mr. Webb has over 17 years of experience and Mr. Deane has over 20 years of
experience in underwriting professional indemnity in the London market.
Charles Manchester, Chief Executive Officer of HCCD, said, “I am delighted
that Richard and Brian are joining us. They are top quality people and their
joining the team will contribute to our growth and high standards.” Mr.
Manchester added, “We will provide a stable AA rated market in place of the
inconsistency and financial instability of other markets.”
HCC is an international holding company and a leading specialty insurance
group since 1974, headquartered in Houston, Texas, with offices in Bermuda,
Spain and the UK. HCC has assets of $4.9 billion, shareholders’ equity of
more than $1.0 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.
|
Contact:
|
L. Byron Way, Vice
President
HCC Insurance Holdings, Inc.
Telephone: (713) 690-7300
|
|
|
|
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. |
|
* *
* * |
|
