-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q8P0QJpHGiyWI/rZroaKyt3Eze1c46XA9Z9dhZc1YDdhmvNDAp2hKZphj5DycFOy gCGcFA+Z3JR7FlMgDw/XJw== 0001181431-10-021540.txt : 20100414 0001181431-10-021540.hdr.sgml : 20100414 20100414143434 ACCESSION NUMBER: 0001181431-10-021540 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100413 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100414 DATE AS OF CHANGE: 20100414 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HCC INSURANCE HOLDINGS INC/DE/ CENTRAL INDEX KEY: 0000888919 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 760336636 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13790 FILM NUMBER: 10749148 BUSINESS ADDRESS: STREET 1: 13403 NORTHWEST FRWY CITY: HOUSTON STATE: TX ZIP: 77040-6094 BUSINESS PHONE: 7136907300 MAIL ADDRESS: STREET 1: 13403 NORTHWEST FREEWAY CITY: HOUSTON STATE: TX ZIP: 77040 8-K 1 rrd272768.htm Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  04/13/2010
 
HCC Insurance Holdings, Inc.
(Exact name of registrant as specified in its charter)
 
Commission File Number:  001-13790
 
Delaware
  
76-0336636
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
13403 Northwest Freeway
Houston, Texas 77040
(Address of principal executive offices, including zip code)
 
713-690-7300
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
Item 7.01.    Regulation FD Disclosure
 
On April 13, 2010, HCC Insurance Holdings, Inc. announced that it estimated first quarter catastrophe losses and scheduled its first quarter 2010 earnings release and conference call. A press release setting forth the announcements is furnished as Exhibit 99.1 and is incorporated herein by reference.
 
 
Item 9.01.    Financial Statements and Exhibits
 
No.        Exhibit
99.1      Press Release dated April 13, 2010
The information contained herein shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
 

 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
           
HCC Insurance Holdings, Inc.
 
 
Date: April 14, 2010
     
By:
 
/s/    Randy D. Rinicella

               
Randy D. Rinicella
               
Senior Vice President, General Counsel & Secretary
 
 


 

EXHIBIT INDEX
 
Exhibit No.

  
Description

EX-99.
  
Press Release
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HCC ESTIMATES FIRST QUARTER CATASTROPHE LOSSES AND SCHEDULES FIRST QUARTER 2010 EARNINGS RELEASE AND CONFERENCE CALL

 

HOUSTON (April 13, 2010) . . .

HCC Insurance Holdings, Inc. (NYSE: HCC) announced today that it estimates losses from first quarter catastrophes, which include the Chilean earthquake, the Haitian earthquake, and European windstorm Xynthia, to be approximately $20.0 million pretax and $13.0 million after-tax. These amounts include estimated losses and loss expenses net of reinsurance recoverable and also include estimated reinsurance reinstatement premiums. The estimated loss is primarily from the Chilean earthquake. HCC estimates the total after-tax loss will reduce the Company's first quarter earnings by approximately $0.11 per diluted share.

John N. Molbeck, Jr., HCC President and Chief Executive Officer, commented, "As we would expect in a catastrophe like the Chilean earthquake, we have potential losses in marine and energy as well as our property insurance and property treaty books. The amount of loss is within our expectations and within our reinsurance programs."

HCC Insurance Holdings, Inc. plans to release its 2010 first quarter earnings results after the close of the New York Stock Exchange on Tuesday, May 4, 2010.

The release will also provide notice that supplemental financial schedules for HCC's
first quarter 2010 earnings results will be available on the Company's website at http://www.hcc.com, as well as directly in the Investor Relations section of HCC's website at http://ir.hcc.com.

HCC will hold an open conference call the following morning, Wednesday, May 5, at 8:00 a.m. Central Daylight Time to discuss the results.

To participate, the conference call numbers are:

Domestic: (800) 374-0290

International: (706) 634-0161

There will also be a live, listen-only webcast of the conference call on the Company's website, http://www.hcc.com. The webcast replay will be archived in the Investor Relations section of the HCC website through Friday, August 6, 2010.

Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is a leading international specialty insurance group with offices across the United States and in the United Kingdom, Spain and Ireland. As of December 31, 2009, HCC had assets of $8.8 billion and shareholders' equity of $3.0 billion. HCC's major domestic and international insurance companies have a financial strength rating of "AA (Very Strong)" from Standard & Poor's Corporation. HCC's major domestic insurance companies have a financial strength rating of "AA (Very Strong)" from Fitch Ratings, "A1 (Good Security)" from Moody's Investors Service, Inc., and "A+ (Superior)" by A.M. Best Company, Inc.

For more information about HCC, please visit http://www.hcc.com.

Contact: Jonathan Lee, HCC Director of Investor Relations

Telephone: (713) 996-1156

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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