HCC reports fall in profits

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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

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