AMENDMENT TO STOCK OPTION AGREEMENTS

Exhibit 10.2

AMENDMENT TO
STOCK OPTION AGREEMENTS

     This AMENDMENT TO STOCK OPTION AGREEMENTS (the “Amendment”) is made and entered into effective as of May 20, 2009 by and between HCC INSURANCE HOLDINGS, INC., a Delaware corporation (the “Company”), and FRANK J. BRAMANTI (the “Executive”).

W I T N E S S E T H :

      WHEREAS , the Company and the Executive are party to (i) that certain Non-Employee Director Stock Option Agreement Under the HCC Insurance Holdings, Inc. 2001 Flexible Incentive Plan dated effective as of December 20, 2004; (ii) that certain Non-Employee Director Stock Option Agreement Under the HCC Insurance Holdings, Inc. 2004 Flexible Incentive Plan dated effective as of January 5, 2006 (together with the agreement referenced in clause (i), the “Director Option Agreements”); and (iii) that certain Non-Qualified Stock Option Agreement Under the HCC Insurance Holdings, Inc. 2004 Flexible Incentive Plan dated effective as of March 2, 2007 (the “Employee Option Agreement,” and together with the Director Option Agreements, the “Option Agreements”);

      WHEREAS , the Company and the Executive desire to amend the Option Agreements as set forth herein; and

      WHEREAS , the Compensation Committee of the Board of Directors has approved the amendment of the Option Agreements as set forth herein.

      NOW, THEREFORE