Economy of Galveston

also serves as a passenger cruise ship terminal for cruise ships operating in the Caribbean. The terminal is home port to two Carnival Cruise Lines vessels, the Carnival Conquest and the Carnival Ecstasy. In November 2011 the company made Galveston home port to its 3,960-passenger mega-ships Carnival Magic and Carnival Triumph, as well. Carnival Magic sails a seven-day Caribbean cruise from Galveston, and it is the largest cruise ship based at the Port year-round. Galveston is the winter home port to Royal Caribbean International's, MS Mariner of the Seas, which is the largest cruise ship based here, with a capacity for 4,252 passengers. In September 2012 Disney Cruise Line's Disney Magic also became based in Galveston, offering four-, six-, seven-, and eight-day cruises to the Caribbean and the Bahamas.

Finance

American National Insurance Company, one of the largest life insurance companies in the United States, is based in Galveston. The company and its subsidiaries operate in all 50 U.S. states, the District of Columbia, Puerto Rico, and American Samoa. Through its subsidiary, American National de México, Compañía de Seguros de Vida, it provides products and services in Mexico. Moody National Bank, with headquarters in downtown Galveston, is one of the largest privately owned Texas-based banks. Its trust department, established in 1927, administers over 12 billion dollars in assets, one of the largest in the state. In addition, the regional headquarters of Iowa-based United Fire & Casualty Company are located in the city.

Health care

Galveston is the home of several of the largest teaching hospitals in the state, located on the campus of the University of Texas Medical Branch at Galveston