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1,763,000 HCC INSURANCE HOLDINGS, INC. COMMON SHARES OFFERED AT $29.50 PER SHARE

 HOUSTON, Sept. 3 /PRNewswire/ -- William Blair & Company and Kemper Securities, Inc., underwriters, announced today the public offering of 1,763,000 shares of HCC Insurance Holdings, Inc. (NASDAQ-NMS: HCCH) common stock at $29.50 per share.
 Of the total, 1,085,000 shares are being sold by the company and 678,000 shares are being sold by the shareholders, including 285,000 shares by Stephen L. Way, the company's chairman and largest shareholder. The company and selling shareholders have granted the underwriters a 30-day option to purchase up to 169,200 and 95,250 additional shares, respectively, including 42,750 by Way, to cover over- allotments, if any.
 The net proceeds to the company will be used primarily to expand its underwriting business. The common stock of HCC Insurance Holdings, Inc. trades on the NASDAQ Nation Market System under the symbol HCCH.
 Headquartered in Houston, HCC Insurance Holdings, Inc. is a property and casualty insurance group specializing marine, aviation, offshore energy and property insurance worldwide.
 -0- 9/3/93
 /CONTACT: Frank J. Bramanti, chief financial officer of HCC Insurance Holdings, 713-690-7300, or Thomas A. FitzSimmons of William Blair & Company, 312-236-1600/
 (HCCH)


CO: HCC Insurance Holdings, Inc. ST: Texas IN: INS SU: OFR

CC -- NYON1 -- 8668 09/03/93 03:06 EDT
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Publication:PR Newswire
Date:Sep 3, 1993
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