HCC posts $60m net earnings rise
Specialty insurance group HCC Insurance Holdings has posted net earnings of $176.1m (£112.7m) for the first six months of 2012, up on the $116.5m recorded for the same time last year.
HCC reported that net earnings for the second quarter of 2012 had also risen to $93.5m for the second quarter of 2012, compared to $69.5m for the equivalent period in 2011.
Gross written premiums also rose by 7% in the quarter to $791.6m [Q2 2011: $742.1m] and by 6% in the half year to $1.5bn [H1 2011: $1.4bn].
Net written premiums also edged up by 5% compared to the same period in 2011 to reaching $642.1m during this year's second quarter.
Meanwhile, HCC saw its combined ratio improve to 85%
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