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HCC Insurance Holdings Inc. (HCC)

On Feb 9: 26.71 USD   0.00 (0.00%)  
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HCC Insurance Holdings Inc.
13403 Northwest Freeway
Houston, TX 77040-6094
Phone: 713-690-7300
Fax: 713-462-2401
Web Site: http://www.hcc.com

DETAILS
Index Membership: S&P 400 MidCap
S&P 1500 Super Comp
Sector: Financial
Industry: Property & Casualty Insurance
Employees (last reported count): 1,916

BUSINESS SUMMARY
HCC Insurance Holdings, Inc., together with its subsidiaries, provides property and casualty, surety, group life, accident, and health insurance coverage, as well as related agency and reinsurance brokerage services to commercial customers and individuals. It underwrites financial insurance risks in its financial products line of business, which includes directorsÂ’ and officersÂ’ liability, employment practices liability, professional indemnity, surety and credit, and fidelity insurance products. The company writes medical stop-loss insurance that provides coverage to companies, associations, and public entities that elect to self-insure their employeesÂ’ medical coverage for losses. It also engages in insuring aviation risks, which include coverage for antique and vintage military aircrafts, cargo operators, commuter airlines, corporate aircrafts, fixed base operations, military and law enforcement aircrafts, private aircraft owners, and rotor wing aircrafts. The company offers hulls, engines, avionics and other systems, liabilities, and cargo and other ancillary coverage. Its London market account business consists of marine, energy, property, and accident and health businesses. In addition, HCC Insurance Holdings underwrites property and liability businesses, such as event cancellation, contingency, film completion, public entity, and U.K. liability; and writes facultative or individual account reinsurance, and treaty reinsurance businesses. The company markets its products directly to customers, as well as through a network of independent and affiliated brokers, producers, agents, and third party administrators. It operates primarily in the United States, the United Kingdom, Spain, Bermuda, and Ireland. The company was founded in 1974 and is headquartered in Houston, Texas.
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    OFFICERS
      Pay Exercised
    Mr. John N. Molbeck Jr., 63
    Chief Exec. Officer, Pres, Chief Operating Officer, Director, Member of Investment & Fin. Committee and Ex-Officio Member of Enterprise Risk Oversight Committee
    $ 2.66M $ 0
    Mr. Craig J. Kelbel , 56
    Exec. VP, Chief Exec. Officer of HCC Life Insurance Company and Pres of HCC Life Insurance Company
    $ 1.06M $ 0
    Mr. Edward H. Ellis Jr., 67
    Exec. VP
    $ 925.00K $ 1.11M
    Mr. Frank J. Bramanti , 53
    Exec. Director and Member of Investment & Fin. Committee
    $ 2.96M $ 149.00K
    Mr. Patrick B. Collins , 81
    Advisor
    $ 127.00K N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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