BI DIRECTORY OF CAPTIVE INSURANCE COMPANY MANAGERS

P

Pinehurst

Management Co. Ltd.

Dallas Building, Fifth Floor,

7 Victoria St., Hamilton HM GX, Bermuda; 441-295-4864;

fax: 441-292-7375

Founded: 1967.

Parent: Charles Taylor Group.

Offers rent-a-captive services.

Frequent services: Captive formation; government reporting; accounting; claims processing; managing underwriting pools/facilities; association captive management services, including specialized accounting services and onshore services.

Occasional services: Feasibility studies, claims reserves analysis, reinsurance brokered for captives, underwriting and ratemaking.

Staff: 13; five professionals.

Clients: 29 active captives and four inactive captives managed at year-end 1996.

Subsidiaries: Pinehurst Management Co. (Barbados) Ltd.

Officers: Carl Daly, managing director; Andrew Wallace, director; Karen Ebbin, Shawn MacMullen, assistant vps.

Powerscourt Management Ltd.

Windsor Place, 18 Queen St., Hamilton HM 11, Bermuda; 441-295-8495; fax: 441-292-1196

Founded: 1984.

Parent: The Powerscourt Group Ltd.

Offers rent-a-captive services.

Frequent services: Feasibility studies; captive formation; government reporting; accounting; claims reserves analysis; managing underwriting pools/facilities; association captive management services, including specialized accounting services; reinsurance run-off consulting and management.

Occasional services: Claims processing, loss forecasting, reinsurance brokered for captives, reinsurance brokered to captives, underwriting and ratemaking, investment management.

Staff: 10; eight professionals.

Clients: 25 active captives managed at year-end 1996.

Compensation: Annual fee, hourly.

Officers: John R. Kane, chairman; Andrew McComb, president/CEO; Steven R. Western, senior vp; Nick Packer, vp-underwriting; Wanette M. Vann, vp-insurance services.

Contact: Andy McComb or Steve Western.