HCC Declares Quarterly Cash Dividend

March 30, 2004

Houston-based HCC Insurance Holdings Inc. announced its 31st consecutive quarterly cash dividend.

The company reported that its Board of Directors declared a regular quarterly cash dividend of $0.0750 per share on the company's shares of $1.00 par value common stock.

This dividend is payable to shareholders of record on April 1, 2004 and will be paid on or about April 14, 2004.

HCC chairman and CEO Stephen L. Way stated that it is the company's intention to continue to pay at least a $0.0750 per share dividend in each subsequent quarter.

HCC is an international holding company and a specialty insurance group with offices in Bermuda, Spain and the U.K.