HCC NAMES BARRY J. COOK
CHIEF EXECUTIVE OF INTERNATIONAL OPERATIONS
HOUSTON (October 14, 2005) . . .
HCC Insurance Holdings, Inc. (NYSE symbol: HCC) announced today that
Barry J. Cook has been promoted to the new position of Chief Executive of
all of their international operations, Senior Vice President of HCC and a
member of the Executive Management Group.
Mr. Cook, who is 45 years old, has been Chief Executive of Rattner Mackenzie
Limited (RML) for fourteen years, including the past seven years since being
acquired by HCC. RML is a Lloyd’s broker marketing specialty accident &
health, aviation, property and casualty insurance and reinsurance with
offices in London, New York and Bermuda. Mr. Cook’s successor at RML will be
named by the end of this year.
Stephen L. Way, Chairman and Chief Executive Officer of HCC, said, “We are
fortunate to have an executive of Mr. Cook’s caliber to lead our
international expansion.” Mr. Way added, “More information on our plans will
be made available over the next few weeks, which will include organic growth
and acquisition to take advantage of developing opportunities in several
lines of business.”
HCC’s international operations consist of insurance companies HCC Europe,
Houston Casualty Company (London Branch) and DeMontfort Insurance Company;
underwriting agencies HCC Diversified Products and HCC Global Financial
Products; and Lloyd’s broker Rattner Mackenzie. Specialty lines of business
include aviation, property, casualty, marine, energy, accident & health,
professional indemnity and directors’ & officers’ liability. Premium volume
is currently concentrated in the European Union but expansion is planned for
Asia, Africa, Central and South America. Large U.S. property, marine and
energy accounts are also written from London.
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 $6.0 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.
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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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