HOUSTON, July 11, 2013 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced that Parthasarathy Srinivasa has joined HCC as Senior Vice President and Chief Information Officer (CIO) effective July 8, 2013, reporting to William N. Burke, HCC's President and Chief Operating Officer.
Mr. Srinivasa has 20 years of information technology (IT) services experience, primarily in the insurance and financial services industries. He most recently served as Group Chief Technology Officer (CTO) and Global CIO, Enterprise Applications at Zurich Insurance Group Limited (Zurich). Previously, Mr. Srinivasa was Vice President and Divisional CIO for Multi Line Applications and CTO for Farmers Insurance Group (Farmers), a wholly owned subsidiary of Zurich. Prior to his 16 years at Zurich and Farmers, he provided IT consulting services in the financial services industry.
Mr. Srinivasa brings extensive insurance industry focused experience in IT strategy, management and project implementation to HCC. He was recognized as an IT industry leader and named in the top ten of ExecRank's "Top Private CTOs" for 2012. Mr. Srinivasa holds a B.E. in Mechanical Engineering from Annamalai University and an M.S. in Management from the Indian Institute of Technology.
"Being a leader in specialty insurance means HCC can attract the best people in the industry. We believe HCC will be well served by Partha's expert knowledge and experience as we continue to embrace the many technological changes impacting our industry," 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.