HCC Insurance Holdings (HCC)

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HCC Insurance Holdings News Release

A Collection of HCC Insurance Holdings News Release

Standard & Poor's Affirms HCC Ratings
Thursday May 17th 2012 08:30:15 AM

HOUSTON, May 17, 2012 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced that Standard & Poor's Corporation has affirmed the Financial Strength Ratings (FSR) of "AA" for the following insurance company subsidiaries: Houston Casualty Company Avemco Insurance Company U.S. Specialty Insurance Company HCC Specialty Insurance Company HCC Life Insurance Company American Contractors Indemnity Company United States Surety Company HCC International Insurance Company PLC HCC Europe Seguros y Reaseguros, S.A. HCC Reinsurance Company Limited Additionally, the Issuer Credit Rating for HCC Insurance Holdings, Inc. was a...

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HCC Insurance Holdings Reports Results for the First Quarter of 2012
Tuesday May 1st 2012 04:30:00 PM

View Printer Friendly Version (including schedules) HCC First Quarter 2012 Supplemental Financial Schedules First Quarter 2012 Highlights: Annualized operating return on equity(a) of 11.1% Gross written premium increased 5% to $682.7 million Net earnings of $82.6 million and net earnings per diluted share of $0.79 GAAP combined ratio of 85.2%, including 1.3 percentage points for catastrophes 2.2 million shares of common stock repurchased for $66.9 million at an average cost of $30.64 per share HOUSTON, May 1, 2012 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today released results for its first quarter ended March 31, 2012. Net earnings were $82.6 milli...

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HCC Insurance Holdings to Host Investors Conference on June 7
Friday April 27th 2012 06:00:33 PM

HOUSTON, April 27, 2012 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced it will host an investors conference in Houston, Texas on Thursday, June 7, 2012, beginning at 8:30 a.m. and lasting until approximately 12:00 p.m. Central Daylight Time. The Company's presentation will include a line-of-business review by its underwriters, a current market update and an analysis of a stress test of its financials. There will be a live webcast of HCC's investors conference available on a listen-only basis in the Investor Relations section of the Company's website at http://ir.hcc.com. The webcast replay will also be archived in the Investor Relations section of the HCC web...

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HCC Schedules 2012 First Quarter Earnings Release and Conference Call
Tuesday April 10th 2012 05:01:38 PM

HOUSTON, April 10, 2012 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced that the Company plans to release its 2012 first quarter earnings results after the close of the New York Stock Exchange on Tuesday, May 1, 2012. The release will also provide notice that supplemental financial schedules for HCC's 2012 first quarter earnings results will be available on the Company's website at http://www.hcc.com, as well as directly in the Investor Relations section of HCC's website at http://ir.hcc.com. HCC will hold an open conference call the following morning, Wednesday, May 2, at 8:00 a.m. Central Daylight Time to discuss the results. To participate, the conf...

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HCC Insurance Holdings Announces William N. Burke as Chief Operating Officer
Wednesday March 21st 2012 05:00:52 PM

HOUSTON, March 21, 2012 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced that William N. Burke was appointed to serve as Executive Vice President and Chief Operating Officer of HCC effective March 24, 2012. In addition, HCC announced that it expects Mr. Burke will be appointed to serve as President on or before May 31, 2013. As previously announced, HCC's succession plan calls for its current President, Christopher J.B. Williams, to be appointed Chief Executive Officer when John N. Molbeck, Jr. retires on or before May 31, 2013. Mr. Burke most recently served as Chief Operating Officer for Aon Risk Solutions. "Bill Burke is a 35-year insurance veteran, someone ...

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Fitch Affirms HCC Ratings With Stable Outlook
Tuesday March 20th 2012 05:00:37 PM

HOUSTON, March 20, 2012 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced that Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of "AA" for its insurance company subsidiaries and the Issuer Default Rating (IDR) of "A+" for HCC Insurance Holdings, Inc., including the debt rating of "A" on the holding company's $300 million 6.300% Senior Notes due 2019. All ratings were affirmed with a Stable Outlook. Fitch, in its March 20, 2012 press release affirming the ratings, commented, "Fitch's ratings reflect HCC's solid niche in the specialty insurance markets, strong capitalization, disciplined underwriting, and low financial leverage.  The rating...

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HCC Declares 64th Quarterly Dividend
Tuesday March 13th 2012 05:00:15 PM

HOUSTON, March 13, 2012 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE: HCC) today announced its 64th consecutive quarterly cash dividend. HCC's Board of Directors has declared a regular cash dividend of $0.155 per share on the Company's shares of $1.00 par value common stock. The dividend is payable to stockholders of record on April 2, 2012 and will be paid on or about April 16, 2012. Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is a leading international specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland. As of December 31, 2011, HCC had assets of $9.6 billion and shareholders' equity of $3.3 billion. HCC's m...

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HCC Insurance Holdings to Present at NYSSA Insurance Industry Conference
Monday March 12th 2012 05:00:59 PM

HOUSTON, March 12, 2012 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced that Chief Executive Officer John N. Molbeck, Jr. and President Christopher J.B. Williams will be presenting at the New York Society of Security Analysts' (NYSSA) 16th Annual Insurance Industry Conference in New York, New York on Monday, March 19, 2012, beginning at 9:10 a.m. Eastern Daylight Time. There will be a live webcast of HCC's presentation by Mr. Molbeck and Mr. Williams available on a listen-only basis in the Investor Relations section of the Company's website at http://ir.hcc.com. The webcast replay will also be archived in the Investor Relations section of the HCC website throu...

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HCC Insurance Holdings to Present at Raymond James Investors Conference
Monday February 27th 2012 04:30:07 PM

HOUSTON, Feb. 27, 2012 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced that Chief Executive Officer John N. Molbeck, Jr. and President Christopher J.B. Williams will be presenting at Raymond James' 33rd Annual Institutional Investors Conference in Orlando, Florida on Monday, March 5, 2012, beginning at 9:50 a.m. Eastern Standard Time. There will be a live webcast of HCC's presentation by Mr. Molbeck and Mr. Williams available on a listen-only basis in the Investor Relations section of the Company's website at http://ir.hcc.com. The webcast replay will also be archived in the Investor Relations section of the HCC website through Friday, June 8, 2012. Headqu...

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HCC Insurance Holdings Reports Fourth Quarter and Full Year 2011 Results
Tuesday February 21st 2012 04:11:00 PM

View Printer Friendly Version (including schedules) HCC Fourth Quarter 2011 Supplemental Financial Schedules Fourth Quarter 2011 Highlights and 2012 Guidance: Net earnings of $78.3 million and net earnings per diluted share of $0.74 GAAP combined ratio of 86.8%, including 1.9 percentage points for catastrophes Book value per share increased 3.1% to $31.62 Annualized return on equity of 9.6% and annualized operating return on equity(a) of 10.4% 2.5 million shares of common stock repurchased for $65.8 million at an average cost of $26.63 per share Net earned premium increased 8% to $550.2 million Net earnings guidance of $2.80 to $3.10 per diluted share for 2012 HOUS...

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