HCC income resilient in face of challenges
Net income at US-based property and casualty insurer HCC crept down by just 2.5 percent to $345mn in 2010, as the company largely withstood the combined challenges of high industry cat losses, torpid investment returns and falling rates.
The company was also one of only a small number in its peer group to increase its Q4 earnings, pushing them up by 15 percent to $97mn.
HCC's combined ratio was weaker in full-year 2010 by less than one percentage point at...
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