HOUSTON, July 7, 2008 (PRIME NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that Thomas G. Kaiser has been named President of its Houston Casualty Company and U.S. Specialty Insurance Company (USSIC) subsidiaries. Kaiser will report to Houston Casualty Company and USSIC Chief Executive Officer Michael J. Schell.
Kaiser comes to HCC after serving as Executive Vice President and President of the Marine, Energy and Aviation Special Risks Division of Arch Insurance Group. His experience before joining Arch in 2002 includes more than 25 years working with Zurich Corporate Solutions, American International Group and Arkwright Mutual Insurance. Kaiser holds B.S. and M.A. degrees from the State University of New York.
"Tom Kaiser brings more than three decades of broad and deep insurance management experience to Houston Casualty Company and USSIC. He is a most welcome addition to our executive team," John N. Molbeck, Jr., HCC President and Chief Operating Officer, said.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. (HCC) is a leading international specialty insurance group with offices across the United States and in Belgium, Bermuda, Ireland, Spain and the United Kingdom. HCC has assets of nearly $8.2 billion, shareholders' equity in excess of $2.5 billion and is rated AA (Very Strong) by Standard & Poor's and AA (Very Strong) by Fitch Ratings. In addition, HCC's domestic property and casualty insurance companies are rated A+ (Superior) by A.M. Best Company.
For more information, visit our website at 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.