ASU INTERNATIONAL BECOMES HCC
SPECIALTY
HOUSTON (November 4, 2005) . . .
ASU International, Inc. (ASU), a specialty underwriting agency
subsidiary of HCC Insurance Holdings, Inc. (NYSE: HCC), announced today that
it has changed its corporate name to HCC Specialty Underwriters, Inc.
William F. Hubbard, Chief Executive Officer of HCC Specialty, commenting on
the change said, “We have been part of the HCC Group for four years since
their acquisition of ASU in October 2001 and we are excited about taking the
Group name to help promote our business.” Mr. Hubbard added, “Our specialty
lines of business are growing in importance and with HCC’s financial
strength, we are able to offer greater capacity and security to our
clients.”
Founded in January 1982 as ASU International, HCC Specialty Underwriters is
especially noted for pioneering non-traditional disability insurance
products for professional athletes, entertainers and high profile
individuals in the business world. The company has also emerged as the
leading provider of unique contingency insurance products for the
entertainment, sports industries and promotion marketing industries. In
addition, the company provides risk management services to agencies and
firms that design and execute sweepstakes, games and contests.
HCC Specialty Underwriters has expanded into the entertainment industry by
acquiring feature film bonding company CineFinance Insurance Services LLC in
December 2004 and by forming HCC Specialty Underwriters Agency of NY, Inc. a
leading provider of property casualty insurance products to the
entertainment industry in January 2005.
For more information visit the HCC Specialty website at
www.hccsu.com.
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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Mark L. Barry, Senior
Vice President
HCC Specialty Underwriters, Inc.
Telephone: (781) 994-6000
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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