| Business Summary | | ESG
Re
Limited
is
a
specialty
reinsurance
company
providing
accident,
health,
life,
disability
and
related
special
risk
reinsurance
to
the
insurance
industry
on
a
worldwide
basis.
With
operating
risk
carriers
located
in
Ireland,
Bermuda
and
Germany,
and
offices
in
10
countries,
ESG
Re
underwrites
risks
in
more
than
50
nations.
The
Company,
through
Accent
Europe
Insurance
Company
Ltd.,
offers
its
products
on
a
pan-European
basis
directly
to
its
insured
parties.
The
Company,
through
its
support
center,
provides
centralized
global
support
for
underwriting,
claims,
systems
and
technology,
finance
and
accounting,
legal,
human
resources
and
policy
administration.
Prior
to
June
30,
2000,
the
Company's
operations
comprised
two
business
segments,
Reinsurance
and
Healthcare.
Effective
June
30,
2000,
the
Company
divested
its
HealthCare
division,
which
was
established
in
1999. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ESREF,
through
its
subsidiaries,
is
a
specialty
reinsurer
providing
innovative
risk
solutions
and
capacity
on
a
global
basis
in
the
fields
of
accident,
life,
health
and
special
risk
reinsurance
to
insurers
and
selected
reinsurers.
For
the
six
months
ended
6/30/01,
total
revenues
fell
39%
to
$85.2
million.
Net
loss
from
continuing
operations
fell
28%
to
$9.9
million.
Revenues
reflect
lower
net
premiums
earned.
Loss
reflects
lower
acquisition
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Head III, 52 Chairman | $1.3M | Alasdair Davis, 48 CEO,
Director | 281K | Mark Oleksik, 48 CFO,
Controller | -- | Steven Debrovner, 63 CEO-
Reinsurance, Director | 615K | Margaret Webster, 50 CAO,
Sec. | 374K | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|