Press Releases - February 27, 2006

Avemco to Present at Aging Aircraft Public Meeting

Frederick, MD (February 27, 2006)…

Jim Lauerman, Avemco's Chief Underwriting Officer, will be presenting at the upcoming FAA public meeting on aging general aviation aircraft to be held March 22 & 23 in Kansas City, Missouri. Mr. Lauerman will give a general overview of Avemco's underwriting experience with older aircraft and share his perspective of the insurance industry stance on this issue.

"The challenge of aging aircraft could be affected by the insurance industry to a greater extent than many may realize," said Mr. Lauerman. "My hope is to offer the attendees a perspective directly from an insurance company, including suggestions on what can be done to help assure the availability of insurance for these aircraft over the long term."

With a significant financial exposure every time an aging aircraft flies, insurance companies have a vested interest in this issue. Avemco wants to help in the development of programs that will keep these aircraft insurable, while avoiding excessive regulation for their owners.

Avemco Insurance Company, the leading pleasure and business general aviation insurer and the only direct writer in the United States, has been insuring planes and pilots since 1961. Headquartered in Frederick, Maryland, Avemco is rated A+ (Superior) by A. M. Best Company and AA (Very Strong) by Standard & Poor's. Avemco is a wholly-owned subsidiary of HCC Insurance Holdings, Inc. (NYSE: HCC), an international insurance holding company and a leading specialty insurance group since 1974, based in Houston, Texas with offices across the USA and in Bermuda, England and Spain. For more information, visit our website at www.hcc.com.