HOUSTON, June 17, 2010 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that Pauline R. Morley has been appointed as Senior Vice President of Professional Liability at its Professional Indemnity Agency ("PIA") subsidiary. In this capacity, Ms. Morley will be responsible for the management of PIA's Miscellaneous Professional Liability Division.
Prior to joining PIA, Ms. Morley was in charge of the Miscellaneous Professional Liability Product line at Travelers Bond and Financial Products. She began her insurance career at Western World Insurance Group in 1987 where she ultimately managed all professional liability lines as Vice President of Marketing and Underwriting for Tudor Professional and held group wide marketing responsibilities.
Ms. Morley currently sits on the Executive Committee of the PLUS Foundation Board as Secretary/Treasurer and previously sat on the PLUS Board of Trustees for six years.
"PIA has been a leader in Miscellaneous Professional Liability for more than twenty years," HCC Insurance Holdings Executive Vice President of U.S. Property and Casualty Operations Cory L. Moulton said. "The appointment of Ms. Morley signals HCC's commitment to further strengthen its market position through product expansion, technological innovation and expanded marketing."
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. HCC's major domestic and international insurance companies have a financial strength rating of "AA (Very Strong)" from Standard & Poor's Corporation. HCC's major domestic insurance companies have a financial strength rating of "AA (Very Strong)" from Fitch Ratings, "A1 (Good Security)" from Moody's Investors Service, Inc., and "A+ (Superior)" by A.M. Best Company, Inc.
For more information about HCC, please visit http://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.