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  September 5, 2001
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Home > Company Index > Insurance > Property & Casualty Insurance > Reliance Group Holdings, Inc.

Reliance Group Holdings, Inc.
NYSE: RELH
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 PROFILE
Even though Reliance Group Holdings (the former flagship of investor Saul Steinberg's financial empire) has sold off substantial parts of its business to raise capital, the company was forced to file for Chapter 11 bankruptcy. The company's main subsidiary, Reliance Insurance has been taken over by the Pennsylvania Insurance Department. CEO George Bello is currently the sole officer of the company, which might restructure into something else down the road. Reliance used to provide commercial clients with diverse property/casualty coverages, including specialty lines and nonstandard risks. The company also underwrote personal automobile coverage and workers' compensation insurance.

 COMPETITION
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 3,184.00
1-Yr. Sales Growth: (6.1)%
Employees: 6,050
Revenue per employee: $526,280.99

 KEY PEOPLE
• George E. Bello
    CEO

 CONTACT INFO
Park Avenue Plaza, 55 E. 52nd St.
New York, NY 10055
US
Phone: 212-909-1100
Fax: 212-909-1864
Online: Web Site

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