| Business Summary | | HCC
Insurance
Holdings
Inc.
provides
specialized
property
and
casualty,
and
accident
and
health
insurance
coverages,
underwriting
agency
and
intermediary
services
and
other
insurance
related
services
both
to
commercial
customers
and
individuals.
The
Company
operates
primarily
in
the
United
States
and
in
the
United
Kingdom,
although
some
of
its
operations
have
a
broader
international
scope.
The
Company
underwrites
insurance
on
both
a
direct
basis,
where
it
insures
a
risk
in
exchange
for
a
premium,
and
reinsurance
basis,
where
the
Company
insures
all
or
a
portion
of
another
insurance
company's
risk
in
exchange
for
all
or
portion
of
the
premium. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HCC
is
principally
engaged
in
providing
aviation,
marine,
offshore
energy,
property,
accident
and
health,
and
lenders
single
interest
insurance
and
reinsurance
on
a
worldwide
basis.
For
the
six
months
ended
6/30/01,
revenues
fell
3%
to
$235.6
million.
Net
income
before
acct.
chg.
rose
33%
to
$35.4
million.
Revenues
reflect
a
reduction
in
the
underwriting
segment.
Earnings
were
offset
by
improved
underwriting
performance
of
the
insurance
segment
and
investment
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Stephen Way, 52 Chairman
and CEO | -- | -- | John Molbeck, Jr., 54 Pres,
COO, Director | $766K | $800K | Edward Ellis, Jr., 58 CFO,
Sr. VP, Director | 314K | 210K | Frank Bramanti, 44 Exec.
VP | 364K | 164K | Benjamin Wilcox, 57 Sr.
VP, Chairman, Pres, and CEO of various subsidaries | 383K | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|