HOUSTON, Jan. 13, 2014 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced the hiring of John E. Robison as Vice President and Head of Investments, reporting to the Company's Chief Financial Officer, Brad T. Irick.
"We are very pleased John has joined HCC to lead our investing activities. He has extensive investment management experience, most of which he has gained within the insurance industry. With HCC's investment portfolio approaching $7 billion, it is an ideal time to add a dedicated investment professional with John's credentials to our financial management team," said Mr. Irick.
Mr. Robison joins HCC with 19 years of experience in investment management. Most recently, he was Chief Investment Officer and Treasurer at Ecova, Inc. Previously, Mr. Robison was Chief Investment Officer and Treasurer at RLI Corporation, Director of Investments at National Interstate Corporation and Investment Portfolio Manager at Westfield Companies. He holds an M.B.A. from Xavier University and a B.B.A. in Finance from Kent State University.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is a leading specialty insurer with offices in the United States, the United Kingdom, Spain and Ireland. As of September 30, 2013, HCC had assets of $10.4 billion and shareholders' equity of $3.6 billion. HCC's major domestic and international insurance companies have financial strength ratings of "AA (Very Strong)" from Standard & Poor's Corporation, "A+ (Superior)" from A.M. Best Company, Inc., "AA (Very Strong)" from Fitch Ratings, and "A1 (Good Security)" from Moody's Investors Service, 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.
CONTACT: Doug Busker, Director of Investor Relations HCC Insurance Holdings, Inc. Telephone: (713) 996-1192
Source:HCC Insurance Holdings, Inc.