HCC ANNOUNCES CONVERSION RIGHTS
OF ITS 2% CONVERTIBLE NOTES
HOUSTON (July 5, 2005) . . .
HCC
Insurance Holdings, Inc. (NYSE symbol: HCC) announced today that based
upon its share performance during the Second Quarter 2005, its originally
issued and exchanged 2.00% Convertible Notes due 2021 (collectively, the “2%
Notes”) will be convertible under the terms of their respective Indentures
during the Third Quarter 2005.
Holders of the 2% Notes may obtain information on how to convert their notes
by contacting the Conversion Agent at:
Wachovia Bank, National Association
5847 San Felipe, Suite 1050,
Houston, Texas 77057,
Attention: Kevin Dobrava
Tel: (713) 278-4320
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 is traded on the NYSE (symbol:
HCC), has assets exceeding $6.0 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.
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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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