Simon Button Named London Market Chief Underwriting Officer for HCC
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
"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
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