HOUSTON, June 7, 2013 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced the promotion of Simon Button to Chief Underwriting Officer for HCC International Insurance Company PLC and Lloyd's Syndicate 4141 (known collectively as HCC International), reporting to HCC International's Chief Executive Officer Barry J. Cook.
"Simon's promotion is the result of his outstanding performance and our confidence in his ability to lead our underwriting efforts across HCC's London Market business lines," stated Mr. Cook.
Mr. Button started with HCC in 2000. He has over 25 years of experience in the insurance industry, including extensive energy underwriting and reinsurance experience. Most recently, Mr. Button was the Head of Energy and Marine Underwriting."The International segment of our business is an important part of HCC's long-term strategy and future development, and we are pleased that Simon plays such an integral role in the leadership of this part of HCC's business," said Christopher J.B. Williams, HCC's Chief Executive Officer. HCC International Insurance Company PLC has a financial strength rating of "AA (Very Strong)" from Standard & Poor's Corporation and is backed by the financial strength of its parent company, HCC Insurance Holdings, Inc. Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is a leading specialty insurer with offices in the United States, the United Kingdom, Spain and Ireland. As of March 31, 2013, HCC had assets of $10.2 billion and shareholders' equity of $3.6 billion. HCC's major domestic and international insurance companies have financial strength ratings of "AA (Very Strong)" from Standard & Poor's Corporation, "A+ (Superior)" from A.M. Best Company, Inc., "AA (Very Strong)" from Fitch Ratings, and "A1 (Good Security)" from Moody's Investors Service, Inc. For more information about HCC, please visit http://www.hcc.com . 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.
CONTACT: Doug Busker, Director of Investor Relations HCC Insurance Holdings, Inc. Telephone: (713) 996-1192