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James T. Donovan Joins HCC Subsidiary to Manage Errors & Omissions Business.

HOUSTON -- HCC Insurance Holdings, Inc. (NYSE:HCC) announced today that James T. Donovan has joined its underwriting agency subsidiary Professional Indemnity Agency (PIA), based in Mount Kisco, New York.

Mr. Donovan will be Senior Vice President responsible for all errors & omissions underwriting at PIA in New York and its recently acquired RA&MCO division in Concord, California. He joins the Company from Hartford Financial Products where he served as Vice President since 2001. Mr. Donovan has 18 years experience in all aspects of professional indemnity and spent time at Fireman's Fund and AIG during his career.

Commenting on the announcement Mark Rattner, Chief Executive Officer of PIA, said, "PIA has earned the reputation of being the most disciplined and efficient underwriter of small errors and omissions business in the USA. Jim Donovan has excellent experience and the ability to tackle the responsibility for managing and growing our book of more than $150 million of premium."

PIA specializes in specialty insurance products including professional indemnity, diversified financial products, employment practices liability and kidnap & ransom insurance. PIA was acquired by HCC in 2001 and writes more than $275 million in premium across its various lines of business.

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 $5.5 billion and shareholders' equity of over $1.25 billion. HCC 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.
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Publication:Business Wire
Date:Feb 10, 2005
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