| | Business Summary | | NYMAGIC,
Inc.
is
a
holding
company
that
owns
and
operates
insurance
companies,
risk
bearing
entities
and
insurance
underwriters
and
managers,
which
include
New
York
Marine
And
General
Insurance
Company
(New
York
Marine),
Gotham
Insurance
Company
(Gotham),
MMO
UK
Ltd.,
MMO
EU,
Ltd.,
Marine
Office,
Inc.
(MMO),
Pacific
Mutual
Marine
Office,
Inc.
(PMMO)
and
Mutual
Marine
Office
of
the
Midwest
Inc.
(Midwest).
The
Company
specializes
in
underwriting
ocean
marine,
inland
marine,
aviation
and
other
liability
insurance
through
insurance
pools
managed
by
MMO,
PMMO
and
Midwest
since
1964.
In
addition
to
managing
the
insurance
pools,
the
Company
participates
in
the
risks
underwritten
for
the
pools
through
New
York
Marine
and
Gotham.
The
Company's
segments
are
domestic
insurance/agency
companies
and
MMO
London. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | NYMAGIC,
Inc.
is
an
insurance
holding
company
for
New
York
Marine
and
General
Insurance
Company
and
Gotham
Insurance
Company.
The
Company
specializes
in
marine,
aviation
and
specialty
lines
in
the
property
and
casualty
industry.
For
the
six
months
ended
6/01,
total
revenues
rose
5%
to
$50.2
million.
Net
income
fell
50%
to
$1.8
million.
Revenues
reflect
higher
commissions
and
other
income.
Earnings
were
offset
by
increased
severity
losses. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Robert Bailey, 66
Chairman,
CEO | $191K | Thomas Iacopelli, 39
CFO | 312K | Lawrence Davis, 52
Exec.
VP, COO | -- | Paula-Jane Seidman, 54
VP,
Gen. Counsel, Sec. | 213K | George Berg, 58
VP-
Claims | 385K | | Dollar amounts are as of 31-Dec-1999 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/n/nym.gif)