BNET Industries
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
Peer Companies
NAICS Code Direct Property and Casualty Insurance Carriers: 524126
Recent Events
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BRIEF-HCC declares quarterly cash dividend
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HCC Insurance Holdings Names Donovan President of Aviation Division
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HCC Insurance promotes Molbeck to CEO
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HCC Insurance Holdings names John Molbeck CEO - Update
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HCC Insurance appoints new CEO
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HCC Insurance Holdings, Inc. Names John N. Molbeck, Jr. Chief Executive Officer
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HCC Insurance Holdings Reports Earnings for the First Quarter of 2009
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HCC Insurance Names New Chief Financial Officer
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HCC Insurance names new head of human resources department
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HCC Declares 52nd Quarterly Cash Dividend
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HCC'S Book Value Per Share Up 10% for 2008 With ROE of 12% Despite Market...
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HCC Insurance Holdings Announces Launch of Redesigned Corporate Website
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HCC gathers steam with string of acquisitions
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HCC Insurance acquires VMGU Insurance
News & Analysis
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hcc insurance holdings inc. - All News and Analysis
HCC Insurance Holdings, Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions Your first question comes from the line of Mark Lane with William Blair & Company. Mark Lane – William Blair & Company Good morning. Just got a couple quick ones. So as of year-end, can you give us an idea what's the total net reserve...
HCC Insurance Holdings Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer Session[Operator Instructions]. Your first question comes from the line of David Lewis with Raymond James. David Lewis - Raymond James Thank you and good morning. John N. Molbeck Jr. - President, Chief Operating Officer and Director Good morning, David. David Lewis - Raymond James Congratulations on a very...
HCC Insurance Holdings, Inc. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionThank you. [Operator Instructions]. Your first question comes from the line of Matt Carletti with Fox-Pitt Kelton. Matthew Carletti - Fox-Pitt Kelton A couple of questions, first of which is, Frank, I heard you mention kind of briefly the little bit of improvement in the medical stop-loss line,...
HCC Insurance Holdings, Inc. Q1 2008 Earnings Call Transcript
Question-and-Answer SessionThank you. [Operator Instructions]. We'll pause for just a moment to compile the Q&A roster. Your first question comes from Doug Mewhirter with Ferris, Baker Watts. Douglas Mewhirter - Ferris, Baker Watts Just a few questions here and there; first with regards to what looks like a little...
HCC Insurance Holdings, Inc. Q4 2007 Earnings Call Transcript
Question-and-Answer SessionThank you. [Operator Instructions]. Your first question comes from the line of Beth Malone with Keybanc. Elizabeth Malone - KeyBanc Capital Markets I just want to get some clarification on the guidance. You've provided a range of 290 to 320, but you have a combined ratio of 85...
HCC Insurance Holdings Q4 2007 Earnings Call Transcript
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...
Fitch Ratings Affirms HCC Insurance Holdings Ratings
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....
Fitch Ratings Affirms HCC Insurance Holdings
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....
Additional Resources
TheFortuneFinancial.com Initializes Free Analyst Research on FNF, GVA, ATI and HCC
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
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...
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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
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HCC Declares 53rd Quarterly Cash Dividend
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HCC Declares 53rd Quarterly Cash Dividend
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