HCC ANNOUNCES
SENIOR MANAGEMENT APPOINTMENTS

HOUSTON (January 21, 2003) . . .
HCC Insurance Holdings, Inc. (NYSE symbol:  HCC) announced today the appointment of two Senior Executives at its corporate headquarters in Houston, Texas. 

Tony Feasey, who is currently Senior Vice President responsible for the Company’s insurance company subsidiary Houston Casualty Company’s Wakefield, Massachusetts branch office, has been appointed Chief Executive Officer of HCC Risk Management Corporation (HCC Risk), previously known as HCC Intermediaries.  Mr. Feasey, who will relocate to Houston, will be responsible for the oversight of the Company’s catastrophe exposure and all ceded reinsurance for the Company’s insurance company subsidiaries.  Mr. Feasey has over 20 years of underwriting experience, specializing in accident & health and aviation insurance and brings with him a vast experience in every aspect of reinsurance.  In addition, Mr. Feasey will be a member of the Company’s Mergers & Acquisitions team. 

Farid Nagji, formerly Chief Information Officer of Canadian based Lindsey Morden Group and eCommerce leader of Fairfax Financial Holdings, Ltd., will become Senior Vice President and CIO of HCC Service Company, the Company’s corporate services operation, responsible for all information technology operations of the HCC Group.  Mr. Nagji, a Tanzanian born, naturalized citizen of the United States, received a B.A. in Computer Science from New York University and has almost ten years of insurance industry experience in all aspects of information technology, operating in three continents.  Mr. Nagji will also be a member of the Company’s Mergers and Acquisitions team.

Stephen L. Way, Chairman and Chief Executive Officer, said, “Our Company continues to grow stronger as we add management of the quality and experience of Tony Feasey and Farid Nagji.”  Mr. Way added, “As we continue to grow and expand our horizons, both internally and through acquisition, we maintain our focus of having strong management in all key areas of the Company.”

HCC is an international insurance holding company and a leading specialty insurance group.  HCC has assets of $3.5 billion and its shares trade on the NYSE (symbol: HCC), with a market capitalization of over $1.5 billion.  HCC is rated AA (Very Strong) by Standard & Poor’s and A+ (Superior) by A.M. Best Company.

 For more information, visit our website at www.hcch.com. 

©2005 HCC Insurance Holdings, Inc.