HOUSTON, Sept. 15, 2008 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that the Company's Houston offices will be closed through Wednesday, September 17th, 2008 due to hurricane-related power outages. The Houston offices are currently without power but have sustained minimal damage and hope to reopen by Thursday, September 18th, 2008.
"All HCC email, Internet and other vital systems that were relocated to back-up locations in advance of the storm have been restored in Houston and it is business as usual. We appreciate our clients' and producers' understanding as we work to resume normal operations," HCC Chief Executive Officer Frank J. Bramanti 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 $8.3 billion, shareholders' equity of $2.6 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.