HCC Announces Senior Management Promotions

Dec 04, 2001, 00:00 ET from HCC Insurance Holdings, Inc.

    HOUSTON, Dec. 4 /PRNewswire/ -- HCC Insurance Holdings, Inc. (NYSE:   HCC)
 announced today senior management promotions in its corporate and subsidiary
     Craig J. Kelbel will become Executive Vice President of HCC Insurance
 Holdings and will be responsible for overseeing all underwriting agency and
 intermediary operations.  Mr. Kelbel is currently Chief Executive Officer of
 the Company's subsidiary, HCC Benefits Corporation, the leading market in the
 United States for medical stop-loss insurance.  Mr. Kelbel has been with HCC
 Benefits since 1999 and has a 25 year history in the insurance industry.
     John N. Kane, Jr. will become Chief Executive Officer of HCC Benefits
 Corporation, succeeding Mr. Kelbel.  Mr. Kane is currently Chief Executive
 Officer of LDG Reinsurance Corporation, the Company's accident and health
 reinsurance underwriting agency operation.  Mr. Kane, with 26 years of
 experience in the insurance industry, has been with LDG Re for 16 years.
     Stephen L. Way, Chairman and Chief Executive Officer of HCC said, "I would
 like to congratulate both executives on their well deserved promotions."
 He added, "We will continue to build our Company around the depth of our
 management and the executive strength for which we have come to be known."
     HCC is one of the largest specialty insurance groups in the United States
 and consists of insurance company, underwriting agency and intermediary
 operations.  HCC has assets of over $3.0 billion and its shares are traded 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 .
      Contact:  L. Byron Way, Vice President at
                HCC Insurance Holdings, Inc. (713) 690-7300
     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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SOURCE HCC Insurance Holdings, Inc.