HCC Increases Cash Dividend

September 5, 2003

Houston-based HCC Insurance Holdings Inc. announced its 29th consecutive quarterly cash dividend, and declared a 15 percent increase in the annual dividend to $0.30 per share on the company’s $1.00 par value common stock, payable $0.075 per share quarterly.

The next quarterly dividend is payable to shareholders of record Oct. 1, 2003 and will be paid on or about Oct. 14.

The company has increased its dividend every year since 1997.

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