| Business Summary | | Mutual
Risk
Management
Ltd.
provides
risk
management
services
to
clients
seeking
an
alternative
to
traditional
commercial
insurance
for
certain
of
their
risk
exposures.
Income
from
fees
is
derived
from
four
distinct
business
segments,
Program
Business,
Corporate
Risk
Management,
Specialty
Brokerage
and
Financial
Services.
Program
Business
involves
the
Company
replacing
traditional
insurers
as
the
conduit
between
producers
of
specialty
books
of
business
and
reinsurers
wishing
to
write
that
business.
Corporate
Risk
Management
involves
providing
services
to
businesses
and
associations
seeking
to
insure
a
portion
of
their
risk
in
a
loss-sensitive
alternative
market
structure.
Specialty
Brokerage
specializes
in
placing
reinsurance
for
captive
insurance
companies.
The
Financial
Services
segment
provides
administrative
services
to
offshore
mutual
funds
and
other
companies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Mutual
Risk
Management
provides
risk
management
services
to
clients
in
the
U.S.,
Bermuda,
Barbados,
the
Cayman
Islands
and
Europe
seeking
an
alternative
risk
funding
vehicle.
For
the
six
months
ended
6/30/01,
total
revenues
increased
21%
to
$225.4
million.
Net
income
before
extraordinary
item
decreased
3%
to
$22.6
million.
Revenues
reflect
an
increase
in
premiums
wirtten
and
mutual
fund
assets.
Earnings
were
offset
by
a
higher
loss
ratio
and
personnel
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Mulderig, 48 Chairman,
CEO | $697K | -- | John Kessock, Jr., 52 Pres
of the Company, Mutual Group Ltd. and Legion | 675K | $112K | Andrew Cook, 38 CFO,
Sr. VP | -- | -- | Glenn Partridge, 47 Exec.
VP | 421K | 78K | Richard Turner, 50 Exec.
VP | 421K | 92K | 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
|
|