HOUSTON, Nov. 24, 2008 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that Thomas M. Hamilton, 65, has been elected as an independent member of the Company's Board of Directors.
"As a former CEO and a member of multiple Boards of Directors, we feel that Tom Hamilton will bring a wealth of knowledge to HCC. We are very pleased to welcome him to our Board," HCC Chief Executive Officer Frank J. Bramanti said.
Mr. Hamilton has been Co-owner of Medora Investments, a private investment firm, since 2003. He served as Chairman, President and Chief Executive Officer of EEX Corporation, an oil and gas company, from 1997 until his retirement in 2002. Before that, Mr. Hamilton held various executive positions at other oil and gas companies, including Pennzoil, BP and Exxon. In addition to being a Director of HCC, he serves on the Boards of FMC Technologies, Inc., Hercules Offshore, Inc. and Methanex Corporation. Mr. Hamilton holds a B.S. degree in Geology from Capital University in Columbus, Ohio, and has M.S. and Ph.D. degrees from the University of North Dakota.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. (HCC) is a leading international specialty insurance group with offices across the United States and in Bermuda, Ireland, Spain and the United Kingdom. HCC has assets of $8.4 billion, shareholders' equity 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.