HCC Second-Quarter Profit Up 29%

NU Online News Service, Aug. 8, 1:55 p.m. EDT?HCC Insurance Holdings Inc., a Houston-based specialty insurer, posted $34.7 million for its second-quarter profit, a 29 percent jump from $26.8 million in income reported one year ago.

"This earnings growth is at the high end of the previously announced range of 20 to 30 percent and, barring any major catastrophe, we anticipate achieving a similar result for the full year 2003," commented Stephen Way, HCC's chief executive officer.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.