Houston-based HCC Insurance Holdings Inc. is combining its Professional Indemnity Agency (PIA), HCC Public Risk, and HCC Specialty Underwriters units under a newly created underwriting division, HCC Specialty.
HCC Specialty will be led by Bill Hubbard as chief executive officer. Prior to accepting this position, Hubbard served as chairman of HCC Specialty Underwriters in Boston, Mass.
HCC Specialty is expected to generate gross written premium approaching $400 million in 2010 and will be among the industry’s leading underwriters of several specialty insurance products, including: disability insurance for professional athletes and entertainers, miscellaneous professional, architects and engineers professional, contractors professional, employment practices liability, public entity, DIC, event cancelation, special event liability, kidnap and ransom, product recall, restaurant recovery, prize indemnity, and weather.
HCC also announced that effective Jan.1, 2011, PIA’s Diversified Financial Products and Fidelity businesses will be managed by Andy Stone, CEO of HCC’s Global Financial Products business.
Souce: HCC Insurance Holdings Inc.
Topics Excess Surplus Underwriting
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