HCC ANNOUNCES CORPORATE
MANAGEMENT CHANGES
HOUSTON (January 18, 2005) . . .
HCC
Insurance Holdings, Inc. (NYSE symbol: HCC) announced today the
reorganization of the Company’s executive management team.
Robert F. Thomas has been made Senior Vice President of the Company,
responsible for all Surety and Credit insurance operations worldwide. Mr.
Thomas, who is also Chief Executive Officer at the Company’s domestic surety
operations HCC Surety Group, will relocate from Los Angeles to Houston at
the end of the first quarter 2005.
Other corporate executives will have re-defined duties: Edward H. Ellis,
Jr., Executive Vice President & Chief Financial Officer, will have
responsibilities for all financial matters of the Company, Human Resources
and Information Technology; Michael J. Schell, Executive Vice President,
will be responsible for all property and casualty insurance operations of
the Group; and Craig J. Kelbel, Executive Vice President, will be
responsible for all Life, Accident, Health and other Specialty insurance
operations of the Group. Christopher L. Martin, Executive Vice President &
General Counsel; Pamela J. Penny, Senior Vice President of Finance; and
Farid Nagji, Senior Vice President & Chief Information Officer, complete the
team.
Commenting on the changes, Stephen L. Way, Chairman and Chief Executive
Officer of HCC, said, “As our Company grows it is important to keep pace in
the home office, matching the strong experience and expertise of our
corporate executives with the important challenges of the future. We are
fortunate to have such a strong management 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 of more than $5.5
billion and shareholders’ equity of over $1.25 billion. HCC 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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