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ANN ARBOR, MI USA
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RICHARDSON, TX USA
HOUSTON, Dec. 4 /PRNewswire/ -- HCC Insurance Holdings, Inc. (NYSE: HCC)
announced today senior management promotions in its corporate and subsidiary
Craig J. Kelbel will become Executive Vice President of HCC Insurance
Holdings and will be responsible for overseeing all underwriting agency and
intermediary operations. Mr. Kelbel is currently Chief Executive Officer of
the Company's subsidiary, HCC Benefits Corporation, the leading market in the
United States for medical stop-loss insurance. Mr. Kelbel has been with HCC
Benefits since 1999 and has a 25 year history in the insurance industry.
John N. Kane, Jr. will become Chief Executive Officer of HCC Benefits
Corporation, succeeding Mr. Kelbel. Mr. Kane is currently Chief Executive
Officer of LDG Reinsurance Corporation, the Company's accident and health
reinsurance underwriting agency operation. Mr. Kane, with 26 years of
experience in the insurance industry, has been with LDG Re for 16 years.
Stephen L. Way, Chairman and Chief Executive Officer of HCC said, "I would
like to congratulate both executives on their well deserved promotions."
He added, "We will continue to build our Company around the depth of our
management and the executive strength for which we have come to be known."
HCC is one of the largest specialty insurance groups in the United States
and consists of insurance company, underwriting agency and intermediary
operations. HCC has assets of over $3.0 billion and its shares are traded on
the NYSE (symbol: HCC) with a market capitalization of over $1.5 billion.
HCC 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 .
Contact: L. Byron Way, Vice President at
HCC Insurance Holdings, Inc. (713) 690-7300
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.
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SOURCE HCC Insurance Holdings, Inc.