HCC DECLARES QUARTERLY CASH DIVIDEND
HOUSTON (March 29, 2004) . . .
HCC
Insurance Holdings, Inc. (NYSE symbol: HCC) today announced its 31st
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 $0.0750 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, 2004 and will be paid on or
about April 14, 2004. Mr. Way stated that it is the Company’s intention to
continue to pay at least a $0.0750 per share dividend in each subsequent
quarter.
HCC is an international holding company and a leading specialty insurance
group since 1974, headquartered in Houston, Texas, with offices in Bermuda,
Spain and the UK. HCC has assets of $4.9 billion, shareholders’ equity of
more than $1.0 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.
|
Contact:
|
L. Byron Way, Vice
President
HCC Insurance Holdings, Inc.
Telephone: (713) 690-7300
|
|
|
|
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. |
|
* *
* * |
|
