HOUSTON, Dec. 18, 2006 (PRIME NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced its 42nd consecutive quarterly cash dividend.
The Board of Directors had declared a regular quarterly cash dividend of $0.10 per share on the Company's shares of $1.00 par value common stock. This dividend is payable to shareholders of record on January 2, 2007 and will be paid on or about January 15, 2007. Frank J. Bramanti, Chief Executive Officer, stated that it is the Company's intention to continue to pay at least a $0.10 per share dividend in each subsequent quarter.
Headquartered in Houston, Texas, HCC is a leading international specialty insurance group with offices across the United States and in Bermuda, Spain and the United Kingdom. HCC has assets exceeding $7.5 billion, shareholders' equity of almost $2.0 billion and is rated AA (Very Strong) by Standard & Poor's and A+ (Superior) by A. M. Best Company.
The HCC Insurance Holdings, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1977
For more information, visit our website at 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. In addition, the completion of the independent review of the Company's option granting practices and any remedial decisions instituted by the Board of Directors might have a material affect on the risks and uncertainties of the Company's future results.