HCC reports fall in profits

HCC logo

The US-based group revealed that net earnings fell to $78.3m in the final quarter of the year from $97.3m in the same three months of 2010.

In the year to 31 December 2011 the insurer also reported an increase in gross written premiums (GWP) to $2.65bn (2010: $2.58bn). For the last quarter of the year GWP was broadly flat at $629m as opposed to $624m in 2010.

International division
The provider did not detail results for the UK however the international division of which it is a part saw GWP

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: