HOUSTON, March 22, 2006 (PRIMEZONE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that Farid F. Nagji has been promoted to the newly created position of Executive Vice President of Administration and Corporate Services.
Mr. Nagji, who is 41 years old, has been with the Company since 2003 in the position of Chief Information Officer and more recently Senior Vice President in the Office of the Chairman. In his new role he will be responsible for information services, human resources, administration, enterprise risk management and corporate governance.
Stephen L. Way, Chairman and Chief Executive Officer of HCC, said, "Farid has shown his ability to recognize issues, then deal with them quickly and intelligently. He continues to be a valuable member of the corporate 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 $7.0 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.
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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.