HOUSTON, Aug. 20, 2015 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced its 78th consecutive quarterly cash dividend.
HCC's Board of Directors has declared a regular cash dividend of $0.295 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, 2015 and will be paid on or about October 15, 2015.
To the extent the pending merger with Tokio Marine Holdings, Inc. ("Tokio Marine") is completed on or prior to the close of business on the October 1, 2015 record date, the dividend will not be paid to stockholders. To the extent the pending merger with Tokio Marine is completed following the record date, the cash dividend will be paid to stockholders that held the shares at the close of business on the record date regardless of whether the merger is completed before or after the payment date for the dividend.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is a leading specialty insurer with offices in the United States, the United Kingdom, Spain and Ireland. As of June 30, 2015, HCC had assets of $11.1 billion and shareholders' equity of $3.9 billion. HCC's major domestic and international insurance companies have financial strength ratings of "AA (Very Strong)" from Standard & Poor's Financial Services LLC, "A+ (Superior)" from A.M. Best Company, Inc., "AA (Very Strong)" from Fitch Ratings, and "A1 (Good Security)" from Moody's Investors Service, Inc.
For more information about HCC, please visit http://www.hcc.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.