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8-K - FORM 8-K - HCC INSURANCE HOLDINGS INC/DE/ | h73114e8vk.htm |
Exhibit 99.1
HCC ANNOUNCES RESIGNATION OF
DIRECTOR SCOTT W. WISE
HOUSTON (May 17, 2010) . . .
HCC Insurance Holdings, Inc. (NYSE: HCC) announced today that Scott W. Wise has resigned from the
Companys Board of Directors. The resignation is effective immediately. Mr. Wises decision was
based on his acceptance of a new position of employment.
Mr. Wise has served as a HCC Director since 2008 and was the Chairman of the Boards Investment and
Finance Committee as well a member of the Boards Enterprise Risk Oversight Committee.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is a leading international specialty
insurance group with offices across the United States and in the United Kingdom, Spain and Ireland.
As of March 31, 2010, HCC had assets of $8.9 billion and shareholders equity of $3.1 billion.
HCCs major domestic and international insurance companies have a financial strength rating of AA
(Very Strong) from Standard & Poors Corporation. HCCs major domestic insurance companies have a
financial strength rating of AA (Very Strong) from Fitch Ratings, A1 (Good Security) from
Moodys Investors Service, Inc., and A+ (Superior) by A.M. Best Company, Inc.
For more information about HCC, please visit http://www.hcc.com.
Contact: | Jonathan Lee, HCC Director of Investor Relations Telephone: (713) 996-1156 |
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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