HCC Insurance Holdings Names Parthasarathy Srinivasa as Chief Information
HOUSTON, July 11, 2013 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc.
(NYSE:HCC) today announced that Parthasarathy Srinivasa has joined HCC as
Senior Vice President and Chief Information Officer (CIO) effective July 8,
2013, reporting to William N. Burke, HCC's President and Chief Operating
Mr. Srinivasa has 20 years of information technology (IT) services experience,
primarily in the insurance and financial services industries. He most recently
served as Group Chief Technology Officer (CTO) and Global CIO, Enterprise
Applications at Zurich Insurance Group Limited (Zurich).Previously, Mr.
Srinivasa was Vice President and Divisional CIO for Multi Line Applications
and CTO for Farmers Insurance Group (Farmers), a wholly owned subsidiary of
Zurich.Prior to his 16 years at Zurich and Farmers, he provided IT consulting
services in the financial services industry.
Mr. Srinivasa brings extensive insurance industry focused experience in IT
strategy, management and project implementation to HCC.He was recognized as
an IT industry leader and named in the top ten of ExecRank's "Top Private
CTOs" for 2012.Mr. Srinivasa holds a B.E. in Mechanical Engineering from
Annamalai University and an M.S. in Management from the Indian Institute of
"Being a leader in specialty insurance means HCC can attract the best people
in the industry.We believe HCC will be well served by Partha's expert
knowledge and experience as we continue to embrace the many technological
changes impacting our industry," said Christopher J.B. Williams, HCC's Chief
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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