HOUSTON, March 29, 2005 (PRIMEZONE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced its 35th 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 April 4, 2005 and will be paid on or about April 15, 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 more than $5.9 billion and shareholders' equity of over $1.3 billion. HCC 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.