BNET Industries

HCC Insurance Holdings Inc.

(HCC) is in the Financial Services Industry

Market Cap:$2.9B
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 Officer
John 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-Moody's rates HCC Insurance senior notes Baa1

    11/11/09 - Bond / Stock Rating - View Story

  • A.M. Best Assigns Rating to HCC Insurance Holdings, Inc.`s Issuance of Senior Notes

    11/10/09 - Bond / Stock Rating - View Story

  • Fitch Rates HCC's $300MM Sr. Unsecured Notes 'A'; Outlook Stable

    11/11/09 - Bond / Stock Rating - View Story

  • HCC Insurance HCC Posts Q3 EPS of $0.83, Tops by 9c

    11/03/09 - Financial Announcement - View Story

  • Wunderlich Securities Reiterating a 'Buy' on HCC Insurance Holdings HCC; Raises PT & Estimates

    10/08/09 - Bond / Stock Rating - View Story

  • HCC Insurance Holdings opens office in Addison, Texas

    10/07/09 - Site Opening - View Story

  • HCC Insurance Holdings Forms Texas Regional Surety Office

    10/06/09 - Mgmt. Change Entering - Director - View Story

  • Best Affirms HCC's 'A+' Rating; Revises ICR Outlook to Positive

    9/02/09 - Bond / Stock Rating - View Story

  • HCC Insurance Holdings Announces Increase in Quarterly Cash Dividend to Shareholders

    8/21/09 - Stock Split / Dividend - View Story

  • HCC Insurance Holdings Reports Results for Second Quarter and First Half of 2009

    8/04/09 - Financial Announcement - View Story

  • Raymond James Downgrades HCC Insurance Holdings HCC to Outperform

    7/22/09 - Bond / Stock Rating - 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.

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

  • Research Reports

    Barron's Online - 7/11/09 - View Story

  • HCC Insurance Holdings Forms HCC Public Risk Subsidiary

    Insurance Journal - 6/23/09 - View Story

  • HCC realigns subsidiaries

    Houston Business Journal - 6/23/09 - View Story

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     HCC $26.51 +0.18 (0.68% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 648,176
Shares Outstanding 112.50M
Market Cap 3.0B
Year High 29.01
Year Low 19.88
Earnings Per Share 3.00
P/E Ratio 8.84
Dividend 0.54
Yield 2.04
IndustryTop Rated

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