8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
June 18, 2008

HCC INSURANCE HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware
(State or other
jurisdiction of
incorporation) 001-13790
(Commission File
Number) 76-0336636
(IRS Employer
Identification No.)

13403 Northwest Freeway
Houston, Texas
(Address of principal executive offices) 77040-6094
(Zip Code)

Registrant’s telephone number, including area code: (713) 690-7300

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

     Text materials related to the HCC Insurance Holdings, Inc. (“HCC”) investor presentation are attached as Exhibit 99.1 and are also available at HCC’s website at www.hcc.com.

     The information contained herein shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01 Financial Statements and Exhibits

No.		Exhibits
	99.1	Investor Conference Presentation

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HCC INSURANCE HOLDINGS, INC.
Date: June 17, 2008	By:	/s/ Frank J. Bramanti
		Frank J. Bramanti,
		Chief Executive Officer

EXHIBIT INDEX

No.		Exhibits
	99.1	Investor Conference Presentation

EX-99.1

Exhibit 99.1

ABOUT FORWARD-LOOKING STATEMENTS: This presentation contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. These forward- looking statements include information about possible or assumed future results of our operations. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that we expect or anticipate may occur in the future, including, such things as future capital expenditures, business strategies, competitive strengths, goals, growth of our business and operations, plans, and references to future successes may be considered forward-looking statements. Also, when we use the words such as "anticipate", "believe", "estimate", "expect", "intend", "plan", "probably", or similar expressions, we are making forward-looking statements. Many risks and uncertainties may impact the matters addressed in these forward-looking statements. Many possible events or factors could affect our future financial results and performance. These could cause our results or performance to differ materially from those we express in our forward-looking statements. Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. In light of the significant uncertainties inherent in the forward-looking statements included in this presentation, our inclusion of this information is not a representation by us or any other person that our objectives and plans will be achieved. Our forward-looking statements speak only as of the date made and we will not update these forward-looking statements unless the securities laws require us to do so. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this presentation may not occur. PRESENTATION FORMATTING: Certain figures included in this publication have been rounded for presentation and are provided for comparative purposes only. Our periodic reports filed with the Securities and Exchange Commission contain more detailed information, including specific figures. NOTICE ABOUT THIS PRESENTATION

OVERVIEW HCC 3 (r)

CORPORATE PROFILE Specialty Insurance since 1974 Based in Houston, Texas with offices across the USA and international offices in Belgium, Bermuda, Ireland, Spain and the U.K. Diversified operations include: P&C and Life, Accident & Health Domestic and International Underwriting and Fee Based Rated AA (Very Strong) by Standard & Poor's, AA (Very Strong) by Fitch Ratings and A+ (Superior) by A.M. Best Company

CORPORATE PHILOSOPHY Long Term Growth of Shareholders' Equity through: Capital Preservation Risk Management Diversification of Operations Disciplined Underwriting Cycle Management Conservative Investment Philosophy

SHAREHOLDERS' EQUITY ($ in millions) See Notice About This Presentation 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 3/31/2008 S/E 440430000 458439000 530930000 763453000 882907000 1047000000 1323665000 1700000000 2043000000 2440000000 2522194000

GROWTH IN BOOK VALUE (per share data) See Notice About This Presentation 2003 2004 2005 2006 2007 3/31/2008 BV 10.91 12.99 15.26 18.28 21.21 21.88 12/31/03 - 3/31/08 CAGR = 17.8%

OPERATIONS HCC 8 (r)

LINES OF BUSINESS Diversified Financial Products Group Life, Accident & Health Aviation London Market Other Specialty Lines

DIVERSIFIED FINANCIAL PRODUCTS Directors' and Officers' Liability Errors and Omissions Surety Credit Employment Practices Liability Financial Products

D&O AND E&O EXPOSURE As of March 31, the Company had 32 non-Side A only D&O or E&O claims and nine Side A only claims Of the D&O claims reported, only one was primary with a gross policy limit of $5 million The remaining D&O claims are on excess policies Average policy limit for non-Side A only claims is $12.4 million gross and $8.5 million net with an average attachment point exceeding $90 million Average policy limit for Side A only claims is $14.4 million gross and $11.7 million net with an average attachment point of $180 million Majority of the D&O business is written excess, usually with high attachment points

D&O AND E&O EXPOSURE Majority of the Company's E&O business is written with limits of $1 million or less Except for run-off policies, HCC has not written multi-year policies The insurance provided is "claims made" with defense costs included within the policy limits Many major financial institutions purchase Side A only coverage Based upon it's current knowledge, the Company continues to believe it has provided for the ultimate losses that will be incurred on its D&O and E&O businesses relating to subprime issues

GROUP LIFE, ACCIDENT & HEALTH Medical Stop-Loss Specialty Disability Group Life Insurance Medical Excess Insurance Alternative Workers Comp / Occupational Accident Insurance Short Term Medical

AVIATION Pleasure and Business Aircraft Owners and Pilots Rotor Wing Aircraft Foreign Commuter Airlines Cargo Operations Military and Law Enforcement Antique and Vintage Aircraft Do not write Major Airlines, Product Manufacturers and Satellites

LONDON MARKET ACCOUNT Energy, Onshore and Offshore Marine Property Accident and Health

OTHER SPECIALTY LINES Event and Contingency Brown Water Marine U.K. Liability & Commercial Motor Public Entity

HCC INSURANCE COMPANIES ($ in millions) GAAP Equity as of 3/31/08 GAAP Equity as of 3/31/08 A.M. Best S&P Fitch American Contractors Indemnity Company $ 112.0 A AA AA AVEMCO Insurance Company 75.2 A+ AA AA HCC Europe 123.5 NR AA NR HCC International Insurance Company 152.3 NR AA NR HCC Life Insurance Company 492.0 A+ AA AA Houston Casualty Company 1,588.9 A+ AA AA Lloyd's Syndicates 4040 & 4141 128.0 **A** **A+** NR Perico Life Insurance Company 37.2 A NR AA United States Surety Company 50.2 A AA AA U.S. Specialty Insurance Company 341.5 A+ AA AA ** Capacity effective 1/1/08 ** Lloyd's Market Rating See Notice About This Presentation *

HCC INTERMEDIARIES & UNDERWRITING OPERATIONS ($ in millions) YTD 3/31/08 Gross Written Premium YTD 3/31/08 Gross Written Premium cineFinance Insurance Services cineFinance Insurance Services $ 2.3 Continental Underwriters / Covenant Underwriters Continental Underwriters / Covenant Underwriters 7.0 HCC Global Financial Products (U.S.) HCC Global Financial Products (U.S.) 45.9 HCC Global Financial Products (Intl.) HCC Global Financial Products (Intl.) 21.9 HCC Indemnity Guaranty HCC Indemnity Guaranty 3.0 HCC Specialty Underwriters HCC Specialty Underwriters 33.5 HCC Underwriting Agency (Lloyd's) HCC Underwriting Agency (Lloyd's) 23.2 Kenrick Corporation Kenrick Corporation 15.7 Professional Indemnity Agency Professional Indemnity Agency 56.4 RA&MCO Insurance Services RA&MCO Insurance Services 11.7 MultiNational Underwriters MultiNational Underwriters 10.1 See Notice About This Presentation

FINANCIALS HCC 19 (r)

STRONG BALANCE SHEET HCC 20 (r)

BUILDING THE BALANCE SHEET OUR STRATEGY Underwriting Profitability Acquisitions Organic Growth Retentions Duration of Loss Reserves Investment Income See Notice About This Presentation

BALANCE SHEET STRENGTHS Low Risk Investment Portfolio High Quality Reinsurers Conservative Loss Reserves Strong Liquidity Low Debt to Total Capital Ratio of 12.6% Shareholders' Equity of $2.5 Billion Assets of $8.2 Billion See Notice About This Presentation

REINSURANCE RECOVERABLES ($ in millions) See Notice About This Presentation 2003 2004 2005 2006 2007 3/31/2008 Reinsurance Recoverables 900 1100 1360 1170 960 950

NET LOSS RESERVES ($ in millions) See Notice About This Presentation 2003 2004 2005 2006 2007 3/31/2008 Net Loss Reserves 710 1060 1530 2110 2340 2430

OPERATING CASH FLOW ($ in millions) See Notice About This Presentation 2003 2004 2005 2006 2007 3/31/2008 Cash Flow 570 670 620 650 730 140

INVESTMENT ASSETS ($ in millions) See Notice About This Presentation 2003 2004 2005 2006 2007 3/31/2008 Investment Assets 1710 2470 3260 3930 4670 4800

Taxable Securities Tax Exempt Securities Other Cash Short Term Investments 6/30/2007 41 40 4 1 14 CONSERVATIVE INVESTMENT PORTFOLIO (Cash and Investments) See Notice About This Presentation March 31, 2008 $4.8 billion Short Term Investments - 14% Tax Exempt Securities - 40% Average Rating - AAA Average Maturity: 9.8 years Duration: 6.6 years Taxable Securities - 41% Average Rating - AA+ Average Maturity: 4.3 years Duration: 3.6 years Other - 4% Cash - 1%

Average Rating AA+ Average Duration 5.0 years (fixed income securities) Average Life 6.9 years Fixed Income Securities $3,929.5 Short-term Investments 655.6 Other Investments 203.5 Equity Securities 11.1 Total Invested Assets $4,799.7 See Notice About This Presentation INVESTED ASSETS March 31, 2008 ($ in millions and at fair value)

INVESTMENTS SUBPRIME/CREDIT MARKET EXPOSURE Minimal Subprime / Alt A Quality Municipal Bond Portfolio Commercial Mortgage Backed Securities Quality Short-Term Investments No CDOs or CLOs See Notice About This Presentation

TOTAL ASSETS ($ in millions) See Notice About This Presentation 2003 2004 2005 2006 2007 3/31/2008 Total Assets 4900 5900 7000 7600 8100 8200

SHAREHOLDERS' EQUITY ($ in millions) See Notice About This Presentation 2003 2004 2005 2006 2007 3/31/2008 SE 1050 1330 1690 2040 2440 2520

INCOME STATEMENT HCC 32 (r)

GROSS WRITTEN PREMIUM ($ in millions) 2003 2004 2005 2006 2007 3/31/2008 GWP 1620 1980 2040 2240 2450 580 See Notice About This Presentation

NET WRITTEN PREMIUM ($ in millions) 2003 2004 2005 2006 2007 3/31/2008 NWP 870 1110 1500 1810 1990 490 See Notice About This Presentation

NET EARNED PREMIUM ($ in millions) 2003 2004 2005 2006 2007 3/31/2008 NEP 738 1010 1370 1710 1990 490 See Notice About This Presentation

FEE & COMMISSION INCOME ($ in millions) 2003 2004 2005 2006 2007 3/31/2008 F&C 143 184 133 137 140 31 See Notice About This Presentation

INVESTMENT INCOME ($ in millions) 2003 2004 2005 2006 2007 3/31/2008 Investment Income 47 65 99 153 206 48 See Notice About This Presentation

TOTAL REVENUE ($ in millions) 2003 2004 2005 2006 2007 3/31/2008 Total Revenur 940 1280 1640 2080 2390 567 See Notice About This Presentation

NET EARNINGS ($ in millions) 2003 2004 2005 2006 2007 3/31/2008 Net Earnings 142 163 191 342 395 81 See Notice About This Presentation

NET EARNINGS PER DILUTED SHARE (* affected by catastrophes) 2003 2004* 2005* 2006 2007 3/31/2008 Net Earnings per diluted share 1.47 1.65 1.75 2.93 3.38 0.7 See Notice About This Presentation

2003 2004* 2005* 2006 2007 Peer Group Average** 0.959 0.934 0.91 0.844 0.841 Industry Combined Ratio 1.001 0.989 1.012 0.922 0.949 HCC GAAP Combined Ratio 0.907 0.905 0.932 0.842 0.834 COMBINED RATIO (* affected by catastrophes) See Notice About This Presentation

SUMMARY HCC 42 (r)

2003 2004* 2005* 2006 2007 Industry Average 0.113 0.125 0.111 0.155 0.113 HCC Average 0.171 0.171 0.171 0.171 0.171 HCC 0.147 0.137 0.127 0.183 0.176 See Notice About This Presentation RETURN ON AVERAGE EQUITY (* affected by catastrophes)

HCC KEY STRENGTHS Specialty lines only, across property & casualty and life, accident & health segments of the insurance industry Strong management and underwriting talent Conservative assessment of catastrophe exposures and adequate reinsurance to protect shareholders' equity No significant net loss reserve development Subprime and credit issues not material Consistent ROAE averaging 15.4% during past 5 years despite two years of major windstorm catastrophes

ABOUT FORWARD-LOOKING STATEMENTS: This presentation contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. These forward- looking statements include information about possible or assumed future results of our operations. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that we expect or anticipate may occur in the future, including, such things as future capital expenditures, business strategies, competitive strengths, goals, growth of our business and operations, plans, and references to future successes may be considered forward-looking statements. Also, when we use the words such as "anticipate", "believe", "estimate", "expect", "intend", "plan", "probably", or similar expressions, we are making forward-looking statements. Many risks and uncertainties may impact the matters addressed in these forward-looking statements. Many possible events or factors could affect our future financial results and performance. These could cause our results or performance to differ materially from those we express in our forward-looking statements. Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. In light of the significant uncertainties inherent in the forward-looking statements included in this presentation, our inclusion of this information is not a representation by us or any other person that our objectives and plans will be achieved. Our forward-looking statements speak only as of the date made and we will not update these forward-looking statements unless the securities laws require us to do so. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this presentation may not occur. PRESENTATION FORMATTING: Certain figures included in this publication have been rounded for presentation and are provided for comparative purposes only. Our periodic reports filed with the Securities and Exchange Commission contain more detailed information, including specific figures. NOTICE ABOUT THIS PRESENTATION