HCC Insurance Holdings has reorganized the operations of its life insurance company and consolidated its life and health underwriting agency subsidiaries in order to improve efficiency.

Effective January 1, 2005, HCC Benefits Corporation, the company’s underwriting agency subsidiary specializing in writing medical stop loss and group life insurance, has consolidated its new and renewal business operations into the company’s life insurance subsidiary, HCC Life Insurance Company. HCC Life is expected to write approximately $500 million in life, accident and health insurance premiums in 2005.

All HCC Benefits employees will be retained at HCC Life where Craig Kelbel will become president and CEO. Mr Kelbel will remain an executive vice president of HCC and a member of the company’s executive management group.

Commenting on the changes, Stephen Way, chairman and CEO of HCC, said, We are consolidating our life and health agency operation into our life insurance company to provide even more efficient service to our clients and producers and to better reflect our long term commitment to this line of business.

Mr Way added, HCC Life will be one of our most important subsidiaries and with Craig Kelbel’s leadership, we are confident in its future success.