HCC DECLARES QUARTERLY CASH DIVIDEND
HOUSTON (December 20, 2004) . . .
HCC
Insurance Holdings, Inc. (NYSE symbol: HCC) today announced its 34th
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 $0.0850 per
share on the Company's shares of $1.00 par value common stock. This dividend
is payable to shareholders of record on January 3, 2005 and will be paid on
or about January 17, 2005. Mr. Way stated that it is the Company’s intention
to continue to pay at least a $0.0850 per share dividend in each subsequent
quarter.
HCC is an international insurance holding company and a leading specialty
insurance group since 1974, based in Houston, Texas with offices across the
USA and in Bermuda, England and Spain. HCC has assets of $5.5 billion,
shareholders’ equity of over $1.25 billion and 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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