HCC ANNOUNCES REORGANIZATION AND
EXPANSION OF ITS INTERNATIONAL OPERATIONS
HOUSTON (November 15, 2005) . . .
HCC Insurance Holdings, Inc. (NYSE symbol: HCC)
announced today the formation of HCC Insurance Holdings
(International) Limited (HCCI), based in London, England, which will act as
the holding company for all international operations.
Additionally, all underwriting operations in the UK, other than HCC Global
Financial Products (HCCG) and future subsidiary Illium Underwriting, will be
integrated into HCC International Insurance Company PLC (formerly De
Montfort Insurance Company PLC), subject to regulatory approval. Rattner
Mackenzie, the group's London based insurance broker, HCCG and Illium will
remain independent reporting with HCCI to Chief Executive Barry J. Cook. In
connection with this restructuring, the following promotions have been made:
HCC Insurance Holdings (International) Limited
Barry J. Cook, Chief Executive Officer
Nicholas I. Hutton-Penman – Chief Operating officer
Brendan R. Merriman – Chief Financial Officer.
HCC International Insurance Company PLC
Charles L. C. Manchester, Chief Executive Officer
Michael L. Onslow, Senior Vice President – A&H, Property, Marine & Energy
James R. Davidson, Senior Vice President – Credit and Surety
Tony Browne, Vice President – Professional Indemnity
Barry J. Cook, Chief Executive Officer of HCCI said, “With this group of
seasoned professionals we have the management, capital and ratings to expand
the HCC group throughout the world with creative ideas and powerful
solutions.”
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 is traded on the NYSE (symbol:
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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