HCC Insurance Holdings

Infobox Company
name = HCC Insurance Holdings Inc.
company_
type = Public (Nyse|HCC)
foundation =
founder = Stephen L. Way
location_city = Houston, Texas
location_country = U.S.A.
location =
origins =
key_people = Frank J. Bramanti, Chief Executive Officer
John N. Molbeck, Jr., President and Chief Operating Officer
area_served =
industry = insurance
products =
services =
revenue = $2.1 billion
operating_income =
net_income = $342 million
num_employees = 1660
parent =
divisions =
subsid =
owner =
slogan =
homepage =http://www.hcch.com/
dissolved =
footnotes =

HCC Insurance Holdings, Inc. {Nyse|HCC) is a property and casualty insurance company based in Houston, Texas, U.S.A.

In 1999, it acquired Centris Group Inc., another insurance company, for $171 million. [ [http://query.nytimes.com/gst/fullpage.html?res=9B00E2DA1530F930A25753C1A96F958260 The New York Times, October 13, 1999 – Company News; HCC Insurance Holdings to Acquire Centris Group] ]

In the first quarter of 2007, it had record quarterly earnings of $96.7 million, or 83 cents per share. [ [http://houston.bizjournals.com/houston/stories/2007/05/07/daily29.html Houston Business Journal - May 8, 2007, HCC Insurance 'off to a great start for 2007'] ]

The company has an A. M. Best rating of A+ and Standard & Poor's rating of AA.

HCC is ranked 836 in the 2007 edition of the Fortune 1000. [ [http://money.cnn.com/magazines/fortune/fortune500/2007/snapshots/4193.html Fortune 500 (2007) - HCC Insurance Holdings, Inc.] ]

Marvin P. Bush, brother of George W. Bush was also a former director and subsequently served as an adviser to the HCC board of directors.

Connection to September 11 (911) WTC Incident

In a release on its official website dated September 13, 2007, HCC had what it called a "small participation in the World Trade Center property insurance coverage and some of the surrounding buildings". [ [http://www.hcch.com/content/press_releases/Archive/2001/sep_13_01/sep_13_01_frameset.htm Official Press Release - HCC COMMENTS ON WORLD TRADE CENTER TRAGEDY] ]

External links

* [http://www.hcch.com/ HCC Insurance Holdings, Inc.] Official site.

References

* [http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_404132102 Wright Reports – HCC Insurance Holdings, Inc.]