HOUSTON, March 12, 2007 (PRIME NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that J. Robert Dickerson has been elected as Chairman of its Board of Directors and Lead Independent Director. Mr. Dickerson, who is a retired tax attorney, is 65 years old and has served on the Board since 1981. Mr. Dickerson is currently Chairman of the Compensation Committee and a member of the Nominating and Governance Committee.
Frank J. Bramanti, Chief Executive Officer, said, "In an effort to further strengthen corporate governance, our Board of Directors has decided to separate the roles of Chairman and CEO. Because of his long standing involvement with the Company, Bob has good working relationships with his fellow Board members. In addition, his knowledge and understanding of HCC's philosophy and approach allows for continued consistent direction of HCC."
Headquartered in Houston, Texas, HCC is a leading international specialty insurance group with offices across the United States and in Bermuda, Spain, Ireland, and the United Kingdom. HCC has assets exceeding $7.5 billion, shareholders' equity of over $2 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.hcc.com.
The HCC Insurance Holdings, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1977
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.