HCC Increases Dividend

Houston-based specialty insurance group HCC Insurance Holdings Inc. announced an increase in the annual dividend to $0.26 per share on the company’s shares of $1.00 par value common stock payable $0.0650 per share quarterly. The dividend represents the 26th consecutive quarterly cash dividend awarded by the company.

This quarter’s dividend is payable to shareholders of record Oct. 1, 2002 and will be paid on or about Oct. 14. It is the company’s intention to continue to pay a $0.0650 per share dividend in each subsequent quarter.