| Business Summary | | Scottish
Annuity
&
Life
Holdings,
Ltd.
is
a
holding
company
that
provides
life
reinsurance
to
life
insurance
companies
and
issues
variable
insurance
policies
to
high-net-worth
individuals.
The
Company
has
two
wholly
owned
direct
subsidiaries,
Scottish
Annuity
&
Life
Insurance
Company
Ltd.
and
The
Scottish
Annuity
Company
Ltd.
In
its
Life
Reinsurance
business,
the
Company
provides
low-cost
solutions
to
the
needs
of
insurance
companies
seeking
reinsurance
of
life
insurance
and
annuities.
The
Company
reinsures
lines
of
business
that
may
be
subject
to
significant
reserve
or
capital
requirements
by
regulatory
and
rating
agencies.
In
its
Wealth
Management
business,
the
Company
issues
variable
annuities
and
variable
universal
life
policies
to
high-net-worth
individuals.
These
policies
are
typically
used
in
sophisticated
investment
and
estate
planning
strategies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SCOT,
through
its
wholly-owned
subsidiary,
provides
customized
variable
life
insurance
products
to
high
net
worth
individuals
and
families
and
reinsurance
of
in-force
blocks
of
fixed
annuities
and
contracts
to
insurers.
For
the
six
months
ended
6/30/01,
revenues
rose
80%
to
$46.1
million.
Net
income
before
acct'g
change
rose
82%
to
$8
million.
Results
reflect
new
reinsurance
transactions
and
investment
income,
and
improved
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael French, 58 Chairman,
CEO | $762K | Scott Willkomm, 36 Pres,
CFO, Director | 645K | 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
|
|