Market Overview

HCC Specialty Partners With Unity Resources Group for Crisis Response

MOUNT KISCO, N.Y., Nov. 27, 2012 (GLOBE NEWSWIRE) -- HCC Specialty, a leading global provider of Kidnap and Ransom Insurance since 1980, today announced a dynamic new partnership with Unity Resources Group (Unity) to provide its Kidnap and Ransom policyholders with industry-leading crisis response services on a worldwide basis.

The partnership with Unity is further strengthened by Unity's long-term alliance with iJET International, a leading provider of intelligence services. In conjunction with iJET, Unity will provide HCC Specialty's policyholders with access to a broad array of timely and topical global intelligence material, including country and city reports, all delivered to policyholders via a dedicated kidnap and ransom portal.

A dedicated 24/7 crisis response line with multiple language capabilities will further support policyholders. This vital crisis management architecture is designed to help HCC Specialty's policyholders proactively manage risk and to ensure informed decision-making. This key product benefit will be in place for all new and renewal policies incepting on or after January 1, 2013.

"This new offering, coupled with our long-standing reputation for outstanding service, coverage breadth and competitive pricing truly sets us apart," says Bert Van Wagenen, Senior Vice President of HCC Specialty.

Gordon Conroy, Executive Chairman of Unity, echoed the benefits to policyholders, "We are proud to be able to bring Unity's expertise and experience in operating in challenging environments to support and keep HCC Specialty's clients and their families safe, no matter where they are."

Critical components of the protection package for policyholders will include:

  • 24/7 access to Unity's risk advisors, response consultants and intelligence analysts globally;
  • Unity's experience in providing land, sea and air support services to clients in complex and fragile environments; and
  • Daily access to critical security reports and intelligence information.

Unity will replace HCC Specialty's current crisis response provider, Kroll. Though Kroll has made a strategic business decision to gradually phase out its crisis response unit, the firm will continue to respond to in-force policyholders with policies incepting on or before December 31, 2012.

Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. (NYSE: HCC) is a leading international specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland. As of September 30, 2012, HCC had assets of $10.1 billion and shareholders' equity of $3.5 billion. HCC's major domestic and international insurance companies have financial strength ratings of "AA (Very Strong)" from Standard & Poor's Corporation, "A+ (Superior)" from A.M. Best Company, Inc., "AA (Very Strong)" from Fitch Ratings, and "A1 (Good Security)" from Moody's Investors Service, Inc.

Headquartered in Wakefield, Massachusetts, HCC Specialty is among the industry's leading underwriters of specialty insurance products, including high-limit disability, events, promotion protection, professional liability, crisis management, public risk, primary casualty, excess casualty, DIC and niche portfolio programs. HCC Specialty, a division of HCC Insurance Holdings, Inc., is comprised of HCC Specialty Underwriters, Inc., Professional Indemnity Agency, Inc., G.B. Kenrick & Associates, Inc. dba Kenrick Corporation, InsPro Corporation and HCC Public Risk.  For more product information, please visit www.hccspecialty.com.

Established in 2000, Unity Resources Group is a trusted and reliable solutions provider of land, sea and air services in complex, challenging and fragile environments where dependable infrastructure may not be present.  The organization's focus is on integrated effective and efficient solutions that deliver resilience and improved results in its clients' businesses, projects and programs.  Unity's intelligence led, innovative and fused approach makes it a partner of choice to its diverse global client base and is supported by over 1,200 staff operating from a network of global offices across Australasia, Africa, the Americas, the Middle East, Central Asia and Europe.  For more product information, please visit www.unityresourcesgroup.com.

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.

CONTACT: Media Contacts: HCC Specialty Bert Van Wagenen Sr. Vice President bvanwagenen@hcc.com Telephone: (914) 242-7850 Unity Resources Group Scott Carnie Vice President Risk Advisory Services scarnie@unityresourcesgroup.com Telephone: (613) 986-1523

company logo

 

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters