HCC Insurance Holdings (ticker: HCC, exchange: New York Stock Exchange (.N))
News Release -
Walter M. Duer Joins HCC Board of Directors
HOUSTON--(BUSINESS WIRE)--July 12, 2004--HCC Insurance Holdings,
Inc. (NYSE:HCC) announced today that Walter M. Duer, CPA had agreed to
join the Board of Directors of the Company, effective July 12, 2004.
Mr. Duer, who lives in Houston, recently retired as the National
Managing Partner of KPMG's Business Integration & Divestiture
Practice. His 36 years career at KPMG has been largely in taxation and
the insurance industry and he was a member of the firm's Board of
Directors, the Board's Finance Subcommittee and a KPMG Foundation
Mr. Duer has a degree in Business Administration from Wagner
College and attended advance curriculum at Pace University. He is a
member of the AICPA and the Texas Society of Certified Public
Accountants. He is the author of "An Executives Guide to Alternative
Insurance Markets and Programs" and is recognized as an expert on
captive insurance companies.
Mr. Duer will also be a member of the Company's Audit Committee.
Stephen L. Way, Chairman and Chief Executive Officer of HCC, said,
"My fellow Directors and I are honored that such a consummate
professional as Walter Duer has agreed to join our Board and
management and shareholders alike will be the beneficiary of his
knowledge and experience."
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 has
assets of more than $5 billion, shareholders' equity of over $1
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.
CONTACT: HCC Insurance Holdings, Inc., Houston
L. Byron Way, 713-690-7300
SOURCE: HCC Insurance Holdings, Inc.