HOUSTON, Dec. 18, 2008 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced its 51st consecutive quarterly cash dividend.
HCC's Board of Directors has declared a regular cash dividend of $0.125 per share on the Company's shares of $1.00 par value common stock. The dividend is payable to stockholders of record on January 5, 2009 and will be paid on or about January 15, 2009.
"The payment of this 51st consecutive quarterly dividend underscores the fact that HCC remains financially strong despite a year marked by hurricanes, credit market turmoil and other challenges," HCC Chief Executive Officer Frank J. Bramanti said.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. (HCC) is a leading international specialty insurance group with offices across the United States and in Bermuda, Ireland, Spain and the United Kingdom. HCC has assets of $8.4 billion, shareholders' equity of $2.5 billion and is rated AA (Very Strong) by Standard & Poor's and AA (Very Strong) by Fitch Ratings. In addition, HCC's domestic property and casualty insurance companies are rated A+ (Superior) by A.M. Best Company.
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.