HOUSTON, July 5, 2005 (PRIMEZONE) -- HCC Insurance Holdings, Inc. (NYSE: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.
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.