BI DIRECTORY OF CAPTIVE INSURANCE COMPANY MANAGERS (Q,R)
Posted On: Apr. 13, 1997 12:00 AM CSTQ
Quail Street Management Ltd.
34 Church St., P.O. Box HM 2635, Hamilton HM KX, Bermuda; 441-292-2582; fax: 441-292-1880
Founded: 1986.
Parent: Quail Street Casualty.
Offers rent-a-captive services.
Frequent services: Government reporting; accounting; claims processing; online access to claims data; claims reserves analysis; investment management; loss control (Irvine, Calif.); association captive management services, including specialized accounting services and onshore services; foreign sales corporation management.
Occasional services: Feasibility studies, captive formation, actuarial studies, loss forecasting, reinsurance brokered for captives, reinsurance brokered to captives, underwriting and ratemaking, tax advice.
Staff: 12; four professionals.
Clients: Three active captives and three inactive captive managed at year-end 1996. Compensation: Annual fee; commission; hourly, professional, $200; clerical, $55.
1996 gross revenues: $350,000, 33.5% from fees charged for captive management, 66.5% from other services.
Contact: Mark G. Moffat, president.
Qstion Managers Panama Inc.
Global Bank Building, Sixteenth Floor, Calle 50, Panama City, Republic of Panama; 507-269-8623;
fax: 507-269-8609
Founded: 1996.
Officers: Stavros Costarangos, president; David Perez Almillano, Abdiel Terau, Apostolos Costarangos, directors.
Contact: Stavros Costarangos.
R
RiskCap
1571 Race St., Denver,
Colo. 80206; 303-388-5688;
fax: 303-388-5585
Founded: 1976.
Offers rent-a-captive services.
Frequent services: Feasibility studies; captive formation; government reporting; accounting; computerized claims processing; online access to claims data; claims reserves analysis; loss forecasting; reinsurance brokered for captives; underwriting and ratemaking; managing underwriting pools/facilities; loss control; association captive management services, including specialized accounting services and onshore services; management consulting to other alternative market programs.
Occasional services: Manual claims processing.
Subsidiaries: RiskCap Cayman Ltd.
Staff: 18; 12 professionals.
Clients: Eight active captives managed at year-end 1996. Captive premium volume, $28.5 million. Capital and surplus managed, $37.6 million.
Compensation: Annual fee; hourly: professional, $125 to $175; clerical, $35.
1996 gross revenues: $1.5 million, 41% from fees charged for captive management, 59% from other services.
Officers: Michael Murphy, principal consultant; Sherlyn Farrell, Larry Lawson, senior consultants; Richard Poling, Donna Holstlaw, consultants.
Contact: Michael Murphy.