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HCC Insurance Holdings Announces Launch of Construction Property Risks Division

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HOUSTON, May 30, 2013 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced the hiring of Francis P. Tricamo, Sr. to lead the Company's new Construction Property Risks Division based in New York.

The Construction Property Risks Division will further expand the Company's specialty focus by developing its underwriting capability in builder's risk insurance.

Mr. Tricamo has over 35 years of property insurance and reinsurance experience, including 10 years in loss control, and holds a B.S. in Sciences from St. Francis College and an Executive MBA from the Lubin School of Business at Pace University. Mr. Tricamo is joined by two seasoned construction underwriters – Gregory Maciorowski in St. Louis and Michael Hausmann in Los Angeles. Mr. Maciorowski has over 25 years of industry experience and holds a B.S. in Civil Engineering from the Illinois Institute of Technology. Mr. Hausmann has over 25 years of industry experience and holds a B.S. in Civil Engineering from California State Polytechnic University.

"As a leader in specialty insurance, establishing a strong underwriting capability in construction property risks is a logical step for HCC. We are fortunate to have formed such an experienced and talented team to develop this specialty area at HCC," said Christopher J.B. Williams, HCC's Chief Executive Officer.

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 March 31, 2013, HCC had assets of $10.2 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.