HCC Appoints Joint CEOs to Succeed Fairfield

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July 19, 2010 Monday 04:22 PM EST

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HCC Appoints Joint CEOs to Succeed Fairfield

Caroline J Saucer

HOUSTON

HCC Insurance Holdings Inc. said it has appointed Thibaud Hervy and Philippe Vezio as joint chief executive officers of the company's HCC Global international operations, succeeding R. Matthew Fairfield.

Hervy and Vezio have been with HCC Global and its predecessor since 1999 and 2000, respectively. Hervy supervised the international portfolio of business, leading the underwriting team, and Vezio ran the claims department, being actively involved in the drafting of international policy wordings. From the Barcelona headquarters, they will oversee all of HCC Global's international business for HCC Global's Barcelona, London, and Miami offices.

Fairfield announced his departure and proposed his successors at a time when the company is positioned in the market with its a long-term focus on specialty lines, the company said in a statement.

Attempts to get additional comment were unsuccessful.

Shares of HCC (NYSE: HCC) were trading at $24.80 in the afternoon of July 19, down 0.72% from the previous close.

HCC Insurance Group members have current Best's Financial Strength Ratings that range from A- (Excellent) to A+(Superior).

(By Caroline Saucer, editor, BestWeek: [email protected])

July 20, 2010

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