Continental Underwriters, Ltd.

Legal Disclaimer and Notice of Copyright

Proprietary Rights

© Copyright 2004, Continental Underwriters, Ltd.

While Continental Underwriters, Ltd. ("CUL") provides the information on this Website to anyone, we retain copyright on all text and graphic images. As such, one copy of the contents of this Website may be viewed, copied and downloaded for your own personal non-commercial use, provided that this Legal Disclaimer and Notice of Copyright appear in all copies. The contents of this Website may not be modified or used in any manner other than as expressly permitted by the immediately preceding sentence, including without limitation, utilization by reference or the establishment of a link, without the prior written consent of CUL.

CUL reserves the right at any and all times and in its sole discretion to change the content of this Website and the products and services referenced hereon. CUL reserves all other rights.

HCC Insurance Holdings and the HCC logo and CUL and CUL logo are service marks of HCC Insurance Holdings, Inc. (“HCC”) and CUL, respectively, and the names, logos and products of the other HCC group companies referenced hereon are either service marks or registered service marks of such companies. Other product and company names referenced herein may be the service marks of their respective owners.

Disclaimer of Liability

CUL maintains this Website as a service to the Internet community. The information contained on this Website is subject to change without notice and CUL assumes no commitment to update the information contained herein. You hereby acknowledge that any reliance upon such information shall be at your sole risk. This service and all such information is provided on an "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. IN NO EVENT SHALL HCC BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES OR ANY OTHER DAMAGES OF ANY KIND WHICH MAY ARISE OUT OF ANY PERSON’S ACCESS OR INABILITY TO ACCESS THIS WEBSITE OR RELIANCE ON THE INFORMATION CONTAINED ON THIS WEBSITE.

The World Wide Web exists across public networks, many of which are insecure. This Website uses the security features of Netscape and Internet Explorer on most forms on this site, however, HCC cannot guarantee the security of the in-transit information. CUL disclaims any and all liability for interception by unauthorized persons and for any computer viruses that may be loaded into your computer as a result of the downloading of any information from this or any other Website. The descriptions of products and services contained on this Website are intended to provide a reference guide to the types of products and services offered by the HCC group of companies and are not intended to be relied upon by clients or business partners. Some products and services referenced on this Website may not be available in all areas. Please contact us directly if you wish to obtain specific information concerning the products and services referenced on this Website.

Disclaimer of Endorsement

The HCC stock pricing information appearing on the third party Website linked to this Website is updated periodically from a source other than HCC. HCC and CUL do not assume any responsibility for the accuracy of such pricing information or any other materials included on such third party website. Accordingly, such information must not be used for any formal analysis or estimation.

All links and frames of this Website to third party sites are provided as a convenience only. CUL does not control or endorse the information and content contained on any such sites, or their sponsors.

CUL is under no obligation to maintain any link on this Website and may remove any such link at any time in its sole discretion for any reason whatsoever.

Disclaimer of Privacy

Except as otherwise provided herein, by providing information through the use of this Website (such as inquiries, comments, suggestions or ideas) to CUL, the visitor agrees that such information is provided on a non-confidential basis and that CUL shall have unlimited rights to use (or not use), distribute (or not distribute), reproduce (or not reproduce), and disclose (or not disclose) such information worldwide as CUL deems appropriate, without compensation or acknowledgment of its source. CUL shall be free to use any ideas, concepts, know-how or techniques contained in any information a visitor provides CUL through this Website.

Should you have any questions or comments about our privacy policies or practice, please direct them to the HCC Legal Department

Jurisdictional Issues

This Website is controlled and operated by CUL from its offices within the State of Louisiana, United States of America. HCC makes no representation that materials on www.cultd.com are appropriate or available for use in other locations. Those who choose to access this Website from other locations do so on their own initiative and are responsible for compliance with applicable local laws.

The information contained on this Website is not an offer to sell or a solicitation to buy any security. No security is offered or will be sold in any jurisdiction in which such offer or solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction

Must a court of competent jurisdiction hold or find any portion or provision of any of the disclaimers appearing hereon illegal, non-enforceable, or invalid the remainder of the disclaimer or disclaimers shall remain in full force and effect in that case and in all other cases.

Forward Looking Statements

The information contained on this Website 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 or incorporated by reference on this Website 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 businesses and operations, plans and references to future successes may be considered forward-looking statements. Also, when we use 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 on this Website, 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 on this Website may not occur.

Employment Opportunities

CUL is an equal opportunity employer, dedicated to a policy of non-discrimination in employment on any basis including race, color, age, sex, religion, disability or national origin. Consistent with the American Disabilities Act, applicants may request accommodations needed to participate in the application process