BNET Industries

HCC Insurance Holdings Inc.

(HCC) is in the Financial Services Industry

Market Cap:$2.7B
Last Fiscal Year Sales:$2.3B
  • Public
  • US
Dow Jones Description

Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. (HCC) is a leading international specialty insurance group with offices across the United States and in Bermuda, Ireland, Spain and the United Kingdom. HCC has assets of $8.6 billion, shareholders' equity of $2.7 billion and is rated AA (Very Strong) by Standard & Poor's and AA (Very Strong) by Fitch Ratings. In addition, HCC's major domestic insurance companies are rated A+ (Superior) by A.M. Best Company.

President & Chief Executive OfficerJohn N. Molbeck Jr.
Number of Employees 1,864
Contact Information

13403 Northwest Fwy

Houston, Texas 77040-6006

www.hcc.com

1 713 690 7300

NAICS Code Direct Property and Casualty Insurance Carriers: 524126

Recent Events

  • BRIEF-HCC declares quarterly cash dividend

    5/22/09 - Stock Split / Dividend - View Story

  • HCC Insurance Holdings Names Donovan President of Aviation Division

    5/12/09 - Mgmt. Change Entering - President - View Story

  • HCC Insurance promotes Molbeck to CEO

    5/06/09 - Mgmt. Change Leaving - CEO - View Story

  • HCC Insurance Holdings names John Molbeck CEO - Update

    5/06/09 - Mgmt. Change Entering - Other - View Story

  • HCC Insurance appoints new CEO

    5/08/09 - Mgmt. Change Entering - CEO - View Story

  • HCC Insurance Holdings, Inc. Names John N. Molbeck, Jr. Chief Executive Officer

    5/06/09 - Board Member - Entering - View Story

  • HCC Insurance Holdings Reports Earnings for the First Quarter of 2009

    5/05/09 - Financial Announcement - View Story

  • HCC Insurance Names New Chief Financial Officer

    5/06/09 - Mgmt. Change Leaving - CFO - View Story

  • HCC Insurance names new head of human resources department

    4/17/09 - Mgmt. Change Entering - Vice President - View Story

  • HCC Declares 52nd Quarterly Cash Dividend

    3/20/09 - Stock Split / Dividend - View Story

  • HCC'S Book Value Per Share Up 10% for 2008 With ROE of 12% Despite Market...

    2/24/09 - Financial Announcement - View Story

  • HCC Insurance Holdings Announces Launch of Redesigned Corporate Website

    1/26/09 - Product Announcement - View Story

  • HCC gathers steam with string of acquisitions

    1/26/09 - Merger / Acquisition - View Story

  • HCC Insurance acquires VMGU Insurance

    1/07/09 - Merger / Acquisition - View Story

News & Analysis

hcc insurance holdings inc. - All News and Analysis

  • HCC Insurance Holdings Q4 2007 Earnings Call Transcript

    Seeking Alpha - 2008-02-20

    Question-and-Answer SessionOperator Thank you. Operator Instructions Your first question comes from the line of Beth Malone with KeyBanc. Beth Malone - KeyBanc I just want to get some clarification on the guidance. You provided a range of $2.90 to $3.20, but you have a combined ratio of 85 and...

    Tags: HCC Insurance Holdings Inc.

  • Fitch Ratings Affirms HCC Insurance Holdings Ratings

    - 2005-07-19

    CHICAGO -- Fitch Ratings has affirmed all ratings of HCC Insurance Holdings, Inc. HCC, including HCC's 'A-' long-term issuer and senior debt rating, and the 'AA-' insurer financial strength IFS rating of Houston Casualty Company and several other insurance subsidiaries. All ratings are listed below. The Rating Outlook is Stable....

    Tags: Fitch Ratings, HCC Insurance Holdings Inc.

  • Fitch Ratings Affirms HCC Insurance Holdings

    - 2004-12-28

    CHICAGO -- Fitch has affirmed all ratings of HCC Insurance Holdings, Inc. HCC, including HCC's 'A-' long term issuer and senior debt rating, and the 'AA-' insurer financial strength IFS rating of Houston Casualty Company, and several other insurance subsidiaries. All ratings are listed below. The Rating Outlook is Stable....

    Tags: Fitch Ratings, HCC Insurance Holdings Inc.

Additional Resources

  • TheFortuneFinancial.com Initializes Free Analyst Research on FNF, GVA, ATI and HCC

    - 2009-05-26

    TheFortuneFinancial.com provides thehighest level of independent research and investment strategies with thesole purpose of consistently identifying stocks that provide the biggestreturn on investment for our subscribers. Investors seeking free andunbiased analyst opinions on the companies mentioned in this release areencouraged to register at http://www.thefortunefinancial.com/index.php?id=78 for a free subscriptionto access...

  • AnalystChoice.com Free Investment Opinion on WBS, HCC, VMC and ADS

    - 2009-04-20

    Analyst Choice has combined some of thebest financial and technical minds worldwide to bring you an array of freequality equity research and reporting. Today we have begun in-depthreporting on our website evaluating the current market condition of WebsterFinancial Corporation (NYSE: WBS), HCC Insurance Holdings Inc. (NYSE: HCC),Vulcan Materials Company...

Decision Makers

Name (plus bio) Position
John N. Molbeck Jr. President & Chief Executive Officer
Annette J. Goodreau Chief Actuary
Brendan R. Merriman CFO
Edward H. Ellis Jr. Chief Financial Officer
Len L. Millar Chief Reserving Actuary
Michael J. Schell Executive Vice President and Chief Underwriting Officer
Nicholas I. Hutton COO
Pamela J. Penny Executive Vice President and Chief Accounting Officer
William W. Lukefahr Vice President and Chief Information Officer
Barry J. Cook Executive Vice President, International Operations
Christopher Martin Executive Vice President
Cory L. Moulton Executive Vice President, U.S. Property & Casualty Operations
Craig J. Kelbel Executive Vice President, Life, Accident & Health Operations
Farid Nagji Executive Vice President, Administration and Corporate Services
Robert F. Thomas Executive Vice President, Credit & Surety Operations
W. Tobin Whamond Executive Vice President
Duane R. Dyckman Senior Vice President
Michael Donovan Senior Vice President
Michael Onslow Senior Vice President
Randy D. Rinicella Senior Vice President & General Counsel
Anthony R. Bacewicz Vice President
Bernard H. White Vice President, Investor Relations
Brian R. Toldan Vice President, Internal Audit
Christy M. Schweikhardt Vice President, Litigation
Daniel P K Bodnar Vice President, Information Technology (U.S.)
Dawn B. Miller Vice President, Internal Controls
Deborah L. Riffe Vice President, Administration
Elizabeth A. Dobbs Vice President and Corporate Controller
Hamendra P. Ojha Vice President
Jackie S. Kellems Vice President, Enterprise Risk Management
James L. Simmons Vice President and Secretary
James T. Keal Vice President
Joycelyn M. Ray Vice President, Regulatory Compliance
L. Byron Way Vice President, Investor Relations
Lisa A Moore Vice President, Human Resources
Mark A. Buechler Vice President, Financial Reporting and Budgeting
Sharon L. Brock Vice President
Stefano S. Minale Vice President, Corporate Claims
Susan L. Howie Vice President, Human Resources
V. Van Vaugh Vice President & Controller
Kimberly F. Johnson Director, Human Resources
L. Edward Tuffly Senior Vice President & Director, Tax
Michel Pascual General Manager

Board of Directors

Name (plus bio) Position
Christopher J. B. Williams Chairman
Allan W. Fulkerson Board Director
Frank J. Bramanti Board of Directors
J. Robert Dickerson Board of Directors
James C. Flagg PhD Board of Directors
James E. Oesterreicher Board of Directors
Michael A. F. Roberts Board of Directors
Patrick B. Collins Board of Directors
Robert A. Rosholt Board of Directors
Scott W. Wise Board of Directors
Thomas M. Hamilton Board of Directors
Walter J. Lack Board of Directors
Walter M. Duer Board Director
Organization Position Status
HCC Insurance Holdings, Inc. President & Chief Executive Officer Current
HCC Insurance Holdings, Inc. Board of Directors Current
HCC Insurance Holdings, Inc. Chief Operating Officer Former
Organization Position Status
HCC Insurance Holdings, Inc. Chief Actuary Current
HCC Insurance Holdings, Inc. Senior Vice President Current
Organization Position Status
HCC Insurance Holdings, Inc. CFO Current
Organization Position Status
HCC Insurance Holdings, Inc. Chief Financial Officer Current
HCC Insurance Holdings, Inc. Executive Vice President Current
HCC Insurance Holdings, Inc. Board of Directors Current
HCC Insurance Holdings, Inc. Finance Executive Former
Organization Position Status
HCC Insurance Holdings, Inc. Chief Reserving Actuary Current
HCC Insurance Holdings, Inc. Vice President Former
Organization Position Status
Avemco Insurance Company CEO Current
HCC Insurance Holdings, Inc. Executive Vice President and Chief Underwriting Officer Current
HCC Insurance Holdings, Inc. Executive Vice President, Property & Casualty Operations Former
Organization Position Status
HCC Insurance Holdings, Inc. COO Current
Organization Position Status
HCC Insurance Holdings, Inc. Executive Vice President and Chief Accounting Officer Current
HCC Insurance Holdings, Inc. Senior Vice President, Finance Former
Aegis Mortgage Corporation Senior Vice President Former
Aegis Mortgage Corporation Controller Former
Organization Position Status
HCC Insurance Holdings, Inc. Vice President and Chief Information Officer Current
Texas A&M University M.B.A. in Computing Sciences Former
Texas A&M University B.S. Applied Mathematical Sciences Former
Organization Position Status
HCC Insurance Holdings, Inc. Executive Vice President, International Operations Current
Rattner Mackenzie Limited Non-Executive Chairman Current
Rattner Mackenzie Limited Chief Executive Officer Former
Rattner Mackenzie Limited Managing Director Former
Rattner Mackenzie Limited Co-Founder Former
Organization Position Status
HCC Insurance Holdings, Inc. Executive Vice President Current
Organization Position Status
HCC Insurance Holdings, Inc. Executive Vice President, U.S. Property & Casualty Operations Current

Craig Kelbel assumed the position of President and Chief Executive Officer of HCC Life Insurance Company in January, 2005. In addition to his current role, Craig also serves as Executive Vice President of HCC Insurance Holdings as a member of the company's Executive Management Group. Mr. Kelbel is an alumnus of the University of Wisconsin where he earned a bachelor's of science degree in Criminal Justice before pursuing a career in the health insurance industry that has spanned more than 28 years, seven of which have been with HCC. He started his health insurance career in 1977 as Underwriting Manager for Time Insurance Company and held the same title with United Chambers Administration in 1983. In 1984, Craig worked as an Operations Manager for the MGIS Companies for six years before joining US Benefits Insurance Services, Inc. as Vice President of Underwriting. During his nine-year stint with US Benefits, Craig was quickly promoted to many executive positions including Senior Vice President of Underwriting, Executive Vice President and CEO, and was President and CEO when the organization was acquired by HCC Benefits Corporation (now HCC Life Insurance Company) in 1999. The following year, Mr. Kelbel was appointed President, CEO and COO of HCC Benefits.

Organization Position Status
HCC Life President & CEO Current
HCC Insurance Holdings, Inc. Executive Vice President, Life, Accident & Health Operations Current
HCC Benefits Corporation President, CEO and COO Former
U.S. Benefits, Inc. Vice President, Underwriting Former
University of Wisconsin Bachelor's of Science Degree in Criminal Justice Former
Organization Position Status
HCC Insurance Holdings, Inc. Executive Vice President, Administration and Corporate Services Current
Organization Position Status
HCC Insurance Holdings, Inc. Executive Vice President, Credit & Surety Operations Current
Organization Position Status
HCC Insurance Holdings, Inc. Executive Vice President Current
Organization Position Status
HCC Insurance Holdings, Inc. Senior Vice President Current
Organization Position Status
HCC Insurance Holdings, Inc. Senior Vice President Current
Organization Position Status
HCC Insurance Holdings, Inc. Senior Vice President Current
Organization Position Status
HCC Insurance Holdings, Inc. Senior Vice President & General Counsel Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President, Investor Relations Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President, Internal Audit Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President, Litigation Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President, Information Technology (U.S.) Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President, Internal Controls Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President, Administration Current
Deloitte Haskins & Sells Former
Organization Position Status
HCC Insurance Holdings, Inc. Vice President and Corporate Controller Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President Current
HCC Insurance Holdings, Inc. Treasurer Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President, Enterprise Risk Management Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President and Secretary Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President, Regulatory Compliance Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President, Investor Relations Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President, Human Resources Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President, Financial Reporting and Budgeting Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President Current
HCC Insurance Holdings, Inc. Tax Director Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President, Corporate Claims Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President, Human Resources Current
Organization Position Status
HCC Insurance Holdings, Inc. Vice President & Controller Current
Organization Position Status
HCC Insurance Holdings, Inc. Director, Human Resources Current
Organization Position Status
HCC Insurance Holdings, Inc. Senior Vice President & Director, Tax Current
Organization Position Status
HCC Insurance Holdings, Inc. General Manager Current
Organization Position Status
HCC Insurance Holdings, Inc. Chairman Current
HCC Insurance Holdings, Inc. Board of Directors Current
Organization Position Status
Century Capital Management LLC Manager Current
Century Capital Management LLC Advisor Current
Argonaut Group, Inc. Board of Directors Current
Argo Group International Holdings Ltd. Board of Directors Current
HCC Insurance Holdings, Inc. Board Director Current
Montpelier Re Holdings Ltd. Board of Directors Current
International Financial Group Director Current
Century Capital Management LLC Chief Executive Officer Former
Century Capital Management LLC President Former
Williams College Trustee Former
Wellington Underwriting, Inc. Former
Williams College Chairman Former
The Galtney Group Inc. Director Former
Wellington Underwriting Plc Director Former
Organization Position Status
HCC Insurance Holdings, Inc. Board of Directors Current
HCC Insurance Holdings, Inc. Chief Executive Officer Former
HCC Insurance Holdings, Inc. Executive Vice President Former
Organization Position Status
HCC Insurance Holdings, Inc. Board of Directors Current
HCC Insurance Holdings, Inc. Board Chairman Former
Organization Position Status
Texas A&M University Associate Professorof Accounting Current
EGL, Inc. Director Current
HCC Insurance Holdings, Inc. Board of Directors Current
Texas A&M University Ph.D. Former
Texas A&M University M.B.A Former
Eckerd College B.A. In Economics Former
Organization Position Status
HCC Insurance Holdings, Inc. Board of Directors Current
Organization Position Status
HCC Insurance Holdings, Inc. Board of Directors Current
Organization Position Status
HCC Insurance Holdings, Inc. Board of Directors Current
Organization Position Status
HCC Insurance Holdings, Inc. Board of Directors Current
Organization Position Status
HCC Insurance Holdings, Inc. Board of Directors Current
Organization Position Status
HCC Insurance Holdings, Inc. Board of Directors Current

Walter J. Lack has served as a director since February 2000. Mr. Lack is managing partner of Engstrom, Lipscomb & Lack, a Los Angeles, California law firm that he founded in 1974. Mr. Lack has acted as a special arbitrator for the Superior Court of the State of California since 1976 and for the American Arbitration Association since 1979. He is a member of the International Academy of Trial Lawyers and an Advocate of the American Board of Trial Advocates. He received his B.A. from Loyola Marymount University where he is a long standing member of the Board of Regents. He received his J.D. from Loyola Law School in Los Angeles.

Organization Position Status
SuperGen Inc. Board of Directors Current
The Regents Board of Directors Current
HCC Insurance Holdings, Inc. Board of Directors Current
Loyola Marymount University B.A. Former
Organization Position Status
HCC Insurance Holdings, Inc. Board Director Current

Executive News

  • HCC Declares 53rd Quarterly Cash Dividend

    TradingMarkets - 5/22/09 - View Story

  • HCC Declares 53rd Quarterly Cash Dividend

    Reuters - 5/22/09 - View Story

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     HCC $27.44 +2.98 (12.18% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 1,381,810
Shares Outstanding 112.20M
Market Cap 3.1B
Year High 30
Year Low 14.17
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door

Financial Services Industry Companies

Company Employer Rating
Wells Fargo 3.3
IndustryTop Rated

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