HCC CLOSES ITS ACQUISITION OF PERICO
HOUSTON (December 2, 2005) . . .
HCC
Insurance Holdings, Inc. (NYSE symbol: HCC) announced today that the
Company had closed its recently announced acquisition of Perico Ltd., an
insurance underwriting agency headquartered in St. Louis, Missouri.
Perico has been in business since 1988 and is recognized as one of the
premier underwriters in medical stop loss insurance. For more information,
please visit their website at
www.perico.com.
Stephen L. Way, Chairman and Chief Executive Officer of HCC, stated, “Long
term underwriting profits and professionalism are not always synonymous with
underwriting agencies as is the case with Perico, which makes for a great
acquisition. We are pleased to have Perico join the HCC team.”
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 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.
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Contact:
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L. Byron Way, Vice
President
HCC Insurance Holdings, Inc.
Telephone: (713) 690-7300
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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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