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HCC Files Securities Shelf

TSC and IRIS Staff

HCC Insurance Holdings(HCC Quote) has filed with the Securities and Exchange Commission to sell up to $1 billion in securities.

The universal shelf registration statement covers shares of HCC's common stock, senior or subordinated debt securities and warrants, as well as trust preferred securities to be issued under its Delaware business trusts.

The Houston, Texas-based insurance provider said it currently does not intend to issue securities under the registration statement, but potential future expansion of existing operations and possible merger and acquisition activity may fuel the need for funds.