HOUSTON, Aug. 26, 2008 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that Robert A. Rosholt has been elected as an independent member of the Company's Board of Directors.
"We are very pleased to have someone with Bob Rosholt's strong financial background on the HCC Board of Directors. We believe that with his considerable experience as both a banker and insurance executive he will be able to make a substantial contribution to our Board," HCC Chief Executive Officer Frank J. Bramanti said.
Mr. Rosholt recently retired from his position as Executive Vice President -- Chief Financial Officer for Nationwide in Columbus, Ohio, a position he has held since 2002. Before joining Nationwide, he was Executive Vice President and Chief of Operations-Risk Services with AON. Earlier, he spent more than 25 years with First Chicago Corporation/Bank One, holding a number of management positions. Mr. Rosholt has a B.S. degree in Mathematics and Economics from St. Olaf College in Northfield, MN, and an M.B.A. degree from the University of Rochester.
Mr. Rosholt fills a new board seat created by the HCC Board on August 20, 2008.
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.