HOUSTON, June 17, 2005 (PRIMEZONE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that Farid F. Nagji has been promoted to Senior Vice President in the Office of the Chairman and a member of the Executive Management Group.
Mr. Nagji, who is 40 years old and has been with the Company since 2003 as Chief Information Officer, will retain that position until his replacement has been found. In his new position, Mr. Nagji will have multiple responsibilities throughout the Group reporting directly to Stephen L. Way, Chairman and Chief Executive Officer of HCC.
Mr. Way said, "Farid is experienced in many areas, has a tireless work ethic and is part of our continuing effort to extend the depth of our corporate senior management group to keep pace with the growth of our Company."
HCC is an international insurance holding company and a leading specialty insurance group since 1974, based in Houston, Texas with offices across the USA and in Bermuda, England and Spain. HCC is traded on the NYSE (symbol: HCC), has assets exceeding $6.0 billion and 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.
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.