| Business Summary | | Meadowbrook
Insurance
Group
Inc.
serves
as
a
holding
company
not
only
for
Meadowbrook
but
also
for
Star
Insurance
Company,
Savers
Property
and
Casualty
Insurance
Company
and
American
Indemnity
Insurance
Company,
Ltd.
The
Company
is
a
program-oriented
risk
management
company
specializing
in
alternative
risk
management
solutions
for
agents,
brokers,
professional/trade
associations,
and
insureds
of
all
sizes.
The
Company
provides
a
broad
array
of
insurance
products
and
services
through
its
subsidiaries.
The
Company
owns
insurance
carriers,
which
are
essential
elements
of
the
risk
management
process. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Meadowbrook
Insurance
is
a
holding
Company
for
Star
Insurance
Co.,
Savers
Property
and
Casualty
Insurance
Co.
and
American
Indemnity
Insurance
Co.
For
the
six
months
ended
6/30/01,
revenues
rose
11%
to
$108.4
million.
Net
loss
totalled
$7.3
million
vs.
income
of
$1
million.
Revenues
reflect
growth
in
net
earned
premiums
from
new
and
existing
programs
and
an
increase
in
average
invested
assets
and
pre-tax
yields.
Net
loss
reflects
increased
loss
adjustment
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Merton Segal, 71 Chairman,
CEO, Director | $484K | Robert Cubbin, 42 Pres,
COO, Director | 299K | Jeffrey Koenig Exec.
VP, CFO | -- | Joseph Henry, 47 Exec.
VP, Director | 299K | Michael Costello, 39 Sr.
VP, Gen. Counsel, Sec. | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|