HCC Global Financial Products to Offer Transaction Risk Insurance

LONDON, April 8, 2010 - HCC Global Financial Products (HCC Global) announced today the
launch of a new line of business focusing on Mergers and Acquisitions' (M&A)
Transaction Risk Insurance (TRI); namely Warranty & Indemnity (W&I), Tax
Indemnity, and Contingent Risk Transfer Insurance.

Thibaud Hervy, Underwriting Director - International, who
heads the team, said, "The first quarter of 2010 has shown signs of a
significant upturn in M&A activity, although buyers and finance parties
remain cautious. Recent trends suggest that a greater proportion of
transactions will require some form of risk solution to facilitate the deal.
Operating from our Barcelona headquarters and London office, we have a
dedicated and specialised multilingual TRI team comprised of underwriting,
legal and claims experts. We are well positioned to deliver customised M&A
insurance solutions and count on support from our wider international
underwriting team."

HCC Global CEO, Mr. R. Matthew Fairfield said, "This move
reflects our growing reputation and success in the financial lines market
over the past eleven years. This new line of business fits well with our
existing lines that require high quality, sophisticated underwriting."

Deborah McBrearty, Transaction Risk Insurance Manager - UK
said, "I am delighted to join HCC Global. Our team's focused approach, backed
by HCC's high quality insurance rating, assures clients of innovative risk
solutions as well as high levels of professionalism and service."

HCC Global Financial Products (HCC Global) is a tied insurance
agency, headquartered in Barcelona (Spain), with offices in London (UK), and
in Farmington, Houston, Jersey City and Miami (USA). HCC Global specialises
in a select portfolio of Financial Lines Insurance products and is a wholly
owned subsidiary of HCC Insurance Holdings, Inc.

www.hcc-global.com

Headquartered in Houston, Texas, HCC Insurance Holdings, Inc.
(HCC) is a leading international specialty insurance group with offices
across the United States and in Bermuda, Ireland, Spain and the United
Kingdom. HCC has assets of $8.8 billion, shareholders' equity of $3 billion
and is rated AA (Very Strong) by Standard & Poor's and AA (Very Strong) by
Fitch Ratings. In addition, HCC's major domestic insurance companies are
rated A+ (Superior) by A. M. Best Company.

www.hcc.com

Contact: HCC Global Financial Products: Deborah McBrearty, Transaction Risk Insurance Manager, UK: +44(0)20-7327-8192; Lorena Segovia, Transaction Risk Insurance Manager, International: +34-93 530-7317; Thomas Mannsdorfer, Transaction Risk Insurance Underwriter: +34-93-530-7349