HCC Closes Minority Stake in Lloyd’s Heritage Underwriting Agency

March 15, 2006

HCC Insurance Holdings Inc., headquartered in Houston, Texas, reported it has received regulatory and Lloyd’s of London approval to its previously announced acquisition of 23.6 percent shareholding in Heritage Underwriting Agency Plc. and had closed the transaction for an undisclosed cash consideration.

Heritage is a Lloyd’s agency that manages Syndicates 1200 & 3245, which underwrite property insurance and professional indemnity. Heritage is a leading underwriter in worldwide property insurance, skillfully guided by their chief underwriter Les Rock. For more information, visit the Web site, www.heritage-plc.com.

HCC is an international insurance holding company and a leading specialty insurance group since 1974, based in Houston with offices across the USA and in Bermuda, England and Spain. For more information, visit its Web site at www.hcc.com.

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