HCC Insurance Holding Inc. reported net income increased 107 percent over the past nine months, helped by a benign catastrophe season, rising $86 million in the third quarter alone.
The Houston-based conglomerate reported that for the nine months ending Sept. 30, the carrier reported net income of $261.5 million, or $2.24 a share, from $126 million, or $1.17 a share, in the comparable 2005 period.
Total revenue grew 24 percent for the first nine months of 2006 to $1.5 billion, from $1.2 billion from the same period in 2005.
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