HCC DECLARES QUARTERLY CASH
DIVIDEND
HOUSTON (December 18, 2006) . . .
HCC Insurance Holdings, Inc. (NYSE symbol: HCC)
today announced its 42nd
consecutive quarterly cash dividend.
The Board of Directors had declared a regular quarterly cash dividend of
$0.10 per share on the Company's shares of $1.00 par value common stock.
This dividend is payable to shareholders of record on January 2, 2007 and
will be paid on or about January 15, 2007. Frank J. Bramanti, Chief
Executive Officer, stated that it is the Company’s intention to continue to
pay at least a $0.10 per share dividend in each subsequent quarter.
Headquartered in Houston, Texas, HCC is a leading international specialty
insurance group with offices across the United States and in Bermuda, Spain
and the United Kingdom. HCC has assets exceeding $7.5 billion, shareholders’
equity of almost $2.0 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.hcc.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. In addition, the completion of the independent review of the Company's option granting practices and any remedial decisions instituted by the Board of Directors might have a material affect on the risks and uncertainties of the Company's future results. |
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