HOUSTON, Sept. 1, 2010 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced its 58th consecutive quarterly cash dividend.
HCC's Board of Directors has declared a regular cash dividend of $0.145 per share on the Company's shares of $1.00 par value common stock. The dividend is payable to stockholders of record on October 1, 2010 and will be paid on or about October 15, 2010.
"This marks the 14th consecutive year in which HCC has raised its cash dividend. This decision is evidence of our financial stability, operating performance, and commitment to shareholder value," HCC President and Chief Executive Officer John N. Molbeck, Jr. said.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is a leading international specialty insurance group with offices across the United States and in the United Kingdom, Spain and Ireland. As of June 30, 2010, HCC had assets of $9.0 billion and shareholders' equity of $3.2 billion. HCC's major domestic and international insurance companies have a financial strength rating of "AA (Very Strong)" from Standard & Poor's Corporation. HCC's major domestic insurance companies have a financial strength rating of "AA (Very Strong)" from Fitch Ratings, "A1 (Good Security)" from Moody's Investors Service, Inc., and "A+ (Superior)" by A.M. Best Company, Inc.
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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.
CONTACT: HCC Insurance Holdings, Inc. Jonathan Lee, HCC Director of Investor Relations (713) 996-1156