HCC to Move Forward with Succession Plan

HCC Insurance Holdings

today announced that the Company will move forward with its previously announced CEO succession plan. John N. Molbeck, Jr. will continue to serve as CEO until the Company's final Board of Directors meeting of the year, which is scheduled for December 19, 2012. Christopher J.B. Williams, the Company's President and previously announced successor to Mr. Molbeck, will become CEO at that time. Mr. Molbeck will remain actively involved with the Company through his planned retirement date of May 31, 2013, and is expected to continue to serve on the HCC Board. Mr. Molbeck commented, "As part of our previously announced CEO succession plan, Chris and I have continued to work closely since he moved into the role of President in May 2011 from his previous position as Chairman of HCC's Board. This transition has gone smoothly. With the Company in excellent condition strategically, competitively, operationally and financially, I recommended to the Board that now is the right time for Chris to take over as CEO. I will continue to actively assist Chris through my retirement in May 2013." Mr. Williams commented, "I have received excellent support during this transition