HCC to Enter Surety Market

HCC Insurance Holdings Inc. announced that effective Oct. 1, 2001, it will begin offering surety coverages through its wholly owned subsidiary, U.S. Specialty Insurance Company (USSIC).

In this regard, HCC has appointed Dan W. Burton as senior vice president of USSIC to head up the new surety division. Burton was previously an underwriter with Chubb and AIG. Most recently, he was director of surety for Aon Natural Resources Group, responsible for producing and managing surety programs for a wide variety of multinational, publicly traded companies, as well as providing surety consulting services to other Aon operations on a worldwide basis. Burton has extensive commercial and contract surety expertise within both the domestic and international markets.

HCC is one of the largest specialty insurance groups in the U.S. and consists of insurance company, underwriting agency and intermediary operations.