HCC DECLARES QUARTERLY CASH
DIVIDEND
HOUSTON (March 24, 2003) . . .
HCC Insurance Holdings, Inc. (NYSE symbol: HCC) today announced its
28th consecutive quarterly cash dividend.
Stephen L. Way, Chairman and Chief Executive Officer, stated that the
Board of Directors had declared a regular quarterly cash dividend of
$0.0650 per share on the Company's shares of $1.00 par value common stock.
This dividend is payable to shareholders of record on April 1, 2003 and
will be paid on or about April 14, 2003. Mr. Way stated that it is the
Company’s intention to continue to pay a $0.0650 per share dividend in
each subsequent quarter.
HCC is an international insurance holding company and a leading specialty
insurance group since 1974. HCC has assets of $3.7 billion and its shares
trade on the NYSE (symbol: HCC), with a market capitalization of over $1.6
billion. HCC is rated AA (Very Strong) by Standard & Poor’s and A+
(Superior) by A.M. Best Company.
For more information, visit our website at
www.hcch.com.
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Contact:
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L. Byron Way, Vice
President
HCC Insurance Holdings, Inc.
Telephone: (713) 690-7300
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Forward-looking statements contained in this press
release are made under “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995 and involve a number of risks
and uncertainties. The types of risks and uncertainties which may
affect the Company are set forth in its periodic reports filed with
the Securities and Exchange Commission. |
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