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Meadowbrook Insurance Group Inc. (MIG)

On Feb 9: 6.16 USD   0.00 (0.00%)  
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Meadowbrook Insurance Group Inc.
26255 American Drive
Southfield, MI 48034-6112
Phone: 248-358-1100
Fax: 248-358-1614
Web Site: http://www.meadowbrook.com

DETAILS
Index Membership: N/A
Sector: Financial
Industry: Property & Casualty Insurance
Employees (last reported count): 660

BUSINESS SUMMARY
Meadowbrook Insurance Group, Inc., through its subsidiaries, provides business and risk management solutions for agents, brokers, professional and trade associations, pools, trusts, and small to medium-sized insureds in the United States. It operates in two segments, Agency Operations and Specialty Risk Management Operations. The Agency Operations segment produces commercial, personal lines, life, and accident and health insurance with the insurance carriers principally in Michigan, California, and Florida. The Specialty Risk Management Operations segment provides risk management consulting, claims administration and handling, loss control and prevention, and reinsurance placement services. It also offers various types of property and casualty insurance coverage, including workers' compensation, commercial multiple peril, general liability, professional liability, employment practices liability, product liability, commercial auto liability, excess reinsurance, and inland marine primarily to associations or similar groups of members and to specified classes of business. This segment offers managed programs, which provides program design and development, underwriting, reinsurance placement, policy administration, loss prevention and control, claims administration and handling, litigation management, information technology and processing, accounting functions, general management and oversight of the program, and insurance management services to public entity associations, public entity pools, and other insurance entities; risk-sharing programs that underwrites individual primary insurance policies for members of a group or association, or a specific industry through a reinsurance agreement with a captive or rent-a-captive; and various fully-insured programs. The company was founded in 1955 and is headquartered in Southfield, Michigan.
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    OFFICERS
      Pay Exercised
    Mr. Merton J. Segal , 79
    Founder, Chairman, Member of Fin. Committee, Member of Investment Committee, Director of Ameritrust, Director of Meadowbrook, Director of Star Savers of Williamsburg
    $ 1.03M $ 149.00K
    Mr. Robert S. Cubbin , 50
    Chief Exec. Officer, Pres, Director, Member of Fin. Committee, Member of Investment Committee, Chairman of Star Insurance Company, Chairman of Savers Property & Casualty Insurance Company, Chairman of Williamsburg National Insurance Company, Chairman of Casualty Insurance Company and Pres of Meadowbrook Inc
    N/A N/A
    Ms. Karen M. Spaun , 43
    Chief Financial Officer, Chief Accounting Officer, Sr. VP, VP of Star, VP of Savers, VP of Meadowbrook, VP of Ameritrust, Treasurer of Star, Treasurer of Savers, Treasurer of Ameritrust, Treasurer of Meadowbrook, Director of Meadowbrook, Director of Star, Director of Savers of Ameritrust
    N/A N/A
    Mr. Michael G. Costello , 47
    Sr. VP, Sec., Gen. Counsel, Sr. VP-Star, Sr. VP-Savers, Sr. VP-Meadowbrook, Sr. VP-Ameritrust, Gen. Counsel-Savers, Gen. Counsel-Ameritrust, Gen. Counsel-Meadowbrook, Gen. Counsel-Star, Sec.-Star, Sec.-Savers, Sec.-Ameritrust and Sec.-Meadowbrook
    N/A N/A
    Mr. Kenn R. Allen , 59
    Sr. Vice Pres, Pres of the Meadowbrook Insurance Agency, Director of Star Insurance Company, Director of Savers Property & Casualty Insurance Company, Director of Ameritrust Insurance Corp., Director of Williamsburg National Insurance Company of Meadowbrook, Inc
    N/A N/A
    Dollar amounts are as of 31-Dec-06 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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