HCC net earnings drop to $173.4m
HCC Insurance Holdings has reported net earnings for the first six months of 2008 were $173.4m (£88.8m), versus $197.9m for the first half of the previous year.
The Houston, Texas-headquartered insurer announced net earnings per diluted share were $1.49 for the first six months of 2008, versus $1.69 for the first half of 2007.
HCC stated that the reductions
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