Perico Life Insurance Combining Operations With HCC Life Insurance Company

HOUSTON, July 1, 2011 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc.
(NYSE:HCC) today announced that effective July 1, 2011, Perico Life Insurance
Company, a subsidiary of HCC Insurance Holdings, Inc., is combining its
operations with HCC Life Insurance Company (HCC Life). This strategic
consolidation of operations will allow HCC Life to better utilize its capital
and improve its efficiencies in providing the premier medical stop loss product
to the self-funded market. HCC Life will continue to provide superior services.
As a result, all in force accounts and underwriting requests for proposals will
be redirected to the appropriate HCC Life regional office.

"This combination demonstrates HCC Life's increased commitment to the
self-funded market," said Craig J. Kelbel, HCC Life's President and Chief
Executive Officer. "We have an opportunity to combine our resources to benefit
our producers and policyholders while maintaining the superior service for which
we are known. For more than 30 years, we've been making sound business
decisions to grow our company and the industry, and we are anticipating
continued growth through this combination."

HCC Life Insurance Company has a financial strength rating of "A+ (Superior)"
from A.M. Best Company Inc. and is backed by the financial strength of its
parent company, HCC Insurance Holdings, Inc.

Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is a leading
international specialty insurance group with offices across the United States
and in the United Kingdom, Spain and Ireland. As of March 31, 2011, HCC had
assets of $9.3 billion and shareholders' equity of $3.3 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.

For more information about HCC, please visit http://www.hcc.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: Daniel Strusz, Executive Vice President
HCC Life Insurance Company
Telephone: (877) 843-5743
Email: dstrusz@hcclife.com