ASU International Inc. (ASU), a specialty underwriting agency subsidiary of HCC Insurance Holdings Inc., has announced that it has changed its name to HCC Specialty Underwriters Inc. William F. Hubbard, CEO of HCC Specialty, said, “We have been part of the HCC Group for four years since their acquisition of ASU in October 2001, and we are excited about taking the Group name to help promote our business.”
Founded in January 1982 as ASU International, HCC Specialty Underwriters is noted for pioneering non-traditional disability insurance products for professional athletes, entertainers and high-profile individuals in the business world. The company also is a provider of contingency insurance products for the entertainment, sports industries and promotion marketing industries. In addition, the company provides risk management services to agencies and firms that design and execute sweepstakes, games and contests.
HCC Specialty Underwriters expanded into the entertainment industry by acquiring feature film bonding company CineFinance Insurance Services LLC in December 2004 and by forming HCC Specialty Underwriters Agency of NY Inc. a provider of property casualty insurance products to the entertainment industry in January 2005.
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