HOUSTON, Dec. 2, 2005 (PRIMEZONE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that the Company had closed its recently announced acquisition of Perico Ltd., an insurance underwriting agency headquartered in St. Louis, Missouri.
Perico has been in business since 1988 and is recognized as one of the premier underwriters in medical stop loss insurance. For more information, please visit their website at www.perico.com.
Stephen L. Way, Chairman and Chief Executive Officer of HCC, stated, "Long term underwriting profits and professionalism are not always synonymous with underwriting agencies as is the case with Perico, which makes for a great acquisition. We are pleased to have Perico join the HCC team."
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 $6.6 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.
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.
The HCC Insurance Holdings, Inc. company logo can be found at http://www.primezone.com/newsroom/prs/?pkgid=1977