HCC Insurance Holdings (ticker: HCC, exchange: New York Stock Exchange (.N))
News Release -
HCC Announces Increased Cash Dividend
HOUSTON--(BUSINESS WIRE)--Sept. 15, 2004--HCC Insurance Holdings,
Inc. (NYSE:HCC) announced today its 33rd consecutive quarterly cash
Stephen L. Way, Chairman and Chief Executive Officer, stated that
the Board of Directors had declared an increase in the annual dividend
to $0.34 per share on the Company's shares of $1.00 par value common
stock payable $0.0850 per share quarterly. This quarter's dividend is
payable to shareholders of record on October 1, 2004, and will be paid
on or about October 15, 2004. It is the Company's intention to
continue to pay at least a $0.0850 per share dividend in each
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 more than $5 billion, shareholders' equity of over $1
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.
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.
CONTACT: HCC Insurance Holdings, Inc., Houston
L. Byron Way, 713-690-7300
SOURCE: HCC Insurance Holdings, Inc.