| Business Summary | | Capitol
Transamerica
Corp.
is
engaged
in
the
business
of
underwriting
property,
casualty,
fidelity
and
surety
insurance
on
selected
risks
through
its
subsidiaries.
The
Company
is
the
holding
company
of
Capitol
Indemnity
Corporation
(CIC),
Capitol
Specialty
Insurance
Corporation
(CSIC),
and
Capitol
Facilities
Corporation
(CFC).
Both
CIC
and
CSIC
are
property
and
casualty
insurance
companies.
CIC
writes
a
complete
portfolio
of
fidelity
and
surety
bonds
and
specialty
insurance
coverages,
while
CSIC
has
been
largely
inactive
due
to
market
conditions.
CIC
operates
on
an
admitted
basis
in
36
states
and
on
an
excess/surplus
lines
basis
in
one
state.
CFC
is
a
non-insurance
entity
available
for
other
business
opportunities.
The
Company
conducts
business
with
insurance
agents
located
throughout
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Capitol
Transamerica
is
a
property
and
casualty
insurance
holding
company
engaged
in
the
writing
of
a
complete
portfolio
of
fidelity
and
surety
bonds
and
specialty
insurance
coverages
through
its
subsidiaries.
For
the
six
months
ended
6/30/01,
revenues
fell
less
than
1%
to
$50.7
million.
Net
loss
totaled
$314
thousand
vs.
an
income
of
$9.1
million.
Revenues
reflect
a
$1.7
million
realized
investment
loss.
Net
loss
also
reflects
higher
losses
and
loss
adjustment
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| George Fait, 74 Chairman
and Pres | $1.0M | -- | Paul Breitnauer, 61 VP,
Treasurer | 165K | $1.5K | Virgiline Schulte, 72 VP,
Sec. | -- | -- | Joel Fait, 42 VP
of Agency | -- | -- | Robert Miller, 62 VP
of P & C Claims | -- | -- | 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
|
|