Houston-based HCC Insurance has announced record earnings figures for the first nine months of 2004, even though third-quarter profits took a hammering because of the four hurricanes that swept across the southern US.
Net earnings increased 15% to $106.8m in the nine months to September; net written premiums were up 20% to $800.4m. However, the third quarter contributed just $15.8m in earnings, down from $35.7m in 2003.
HCC's net combined ratio was up from 88.8% to 92.9%, although it would have been 85.3% without the costs of the hurricanes.
In October the group expanded its UK imprint with the purchase of CNA Surety's 34% stake in the DeMontfort group.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
