HCC ANNOUNCES INCREASED CASH DIVIDEND
HOUSTON (September 3, 2003) . . .
HCC
Insurance Holdings, Inc. (NYSE symbol: HCC) today announced its 29th
consecutive quarterly cash dividend.
Stephen L. Way, Chairman and Chief Executive Officer, stated that the
Board of Directors had declared a 15 percent increase in the annual
dividend to $0.30 per share on the Company’s $1.00 par value common stock,
payable $0.075 per share quarterly. The next quarterly dividend is payable
to shareholders of record October 1, 2003 and will be paid on or about
October 14, 2003. The Company has increased its dividend every year since
1997.
HCC is an international insurance holding company and a leading specialty
insurance group since 1974. 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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