BI DIRECTORY OF CAPTIVE INSURANCE COMPANY MANAGERS

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Arthur J. Gallagher Management (Bermuda) Ltd.

Sofia House, 48 Church St., Hamilton HM 12, Bermuda; 441-292-4654; fax: 441-292-8231

Founded: 1972.

Parent: Arthur J. Gallagher & Co. Inc.

Frequent services: Captive formation; government reporting; accounting; claims processing; reinsurance brokered for captives; reinsurance brokered to captives; underwriting and ratemaking; loss control (Itasca, Ill.); association captive management services, including specialized accounting services.

Occasional services: Feasibility studies, online access to claims data.

Staff: Five; three professionals.

Clients: 11 active captives and one inactive captive managed at year-end 1996. Captive premium volume, $25.0 million. No minimum size client.

Compensation: Annual fee, $20,000 minimum; commission.

Officers: Peter Mullen, president; Brian Webb, vp.

Contact: Brian Webb.

Gecalux S.A.

5 Place de la Gare, L-1616, Luxembourg; 352/40/38-80-1;

fax: 352/49/27-06

Founded: 1984.

Frequent services: Feasibility studies, captive formation, accounting, manual claims processing, actuarial studies.

Occasional services: Government reporting, computerized claims processing, online access to claims data, claims reserves analysis, reinsurance brokered for captives, tax advice, legal advice.

Staff: 52, all professionals.

Clients: 67 active captives managed at year-end 1996.

Compensation: Annual fee, hourly.

Officers: Roland Frere, managing director; Frederick Gabriel, general manager; Claude Stiennon, deputy general manager; Jean Francois Mirarchi, general manager-accounting; Arnaud Bierry, general manager-administration.

Global Risk

Financing Services Ltd.

4870 The Dale, West Vancouver,

B.C. V7W 1K3, Canada; 604-925-3939; fax: 604-925-3934

Founded: 1990.

Officers: Terry Holdom, president; Susan Gallivan, vp.

Subcontracts for captive management services with International Risk Management Group.

Green Mountain

Captive Management Co.

P.O. Box 628, 83 Washington St., Barre, Vt. 05641; 802-479-1046;

fax: 802-479-2761

Founded: 1982.

Services: Association captive management services.

Staff: Three; two professionals.

Compensation: Annual fee, $6,000 minimum.

Officers: Richard W. Huskes Jr., president; James L. Mulligan, vp.

Contact: Richard W. Huskes.

Griffiths & Wanklyn Management Ltd.

Craig Appin House, 8 Wesley St., Hamilton, Bermuda; 441-295-1639; fax: 441-295-1638

Founded: 1985.

Offers rent-a-captive services.

Frequent services: Captive formation, government reporting, accounting, computerized claims processing, reinsurance brokered for captives.

Occasional services: Feasibility studies; online access to claims data; investment management.

Staff: Six total.

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

Compensation: Annual fee, $12,000 minimum; commission.

Officers: Julian Griffiths, William Wanklyn, Lisa Robinson, John LaLone, directors.

Guardrisk Insurance Co. Ltd.

P.O. Box 62018, Marshalltown 2107, Johannesburg, South Africa; 27/11/484-4906; fax: 27/11/484-3010

Founded: 1993.

Officers: Roger Voysey, managing director; Fernando Patrizi, general manager-business development; Volker von Widdern, general manager-finance/operations.

Contact: Roger Voysey.

Subcontracts for captive management services with Willis Corroon Management (Isle of Man) Ltd.