BI DIRECTORY OF CAPTIVE INSURANCE COMPANY MANAGERS

F

50th State Risk

Management Services Inc.

6 Waterfront Plaza, Room 405, 500 Ala Moana Blvd., Honolulu, Hawaii 96813; 808-543-9786;

fax: 808-521-1802

Founded: 1991.

Parent: American International Group Inc.

Frequent services: Feasibility studies; captive formation; government reporting; accounting; claims processing; loss forecasting; reinsurance brokered for captives; investment management; managing underwriting pools/facilities; loss control (Hawaii); association captive management services, including specialized accounting services and onshore services; risk management; finite risk programs.

Occasional services: Online access to claims data; claims reserves analysis; actuarial studies; reinsurance brokered to captives; underwriting and ratemaking.

Staff: Four; two professionals.

Clients: One active captive managed at year-end 1996. Captive premium volume, $400,000. Capital and surplus managed, $1.2 million. No minimum size client.

Compensation: Annual fee; commission; hourly: professional, $50 to $100; clerical, $20 to $30.

Officers: Robin K. Campaniano, chairman; Linda K. Gilchrist, president; Craig M. Watanabe, senior vp.

Contact: Craig Watanabe, 808-543-0439, or Ann Wick, 802-658-9405.

FBD International Captive Management Ltd.

2/3 Exchange Place, I.F.S.C., Dublin 1, Ireland; 353-1-670-1340;

fax: 353-1-670-1342

Founded: 1990.

Officers: Philip Fifzsimons, Paul O'Callaghan, directors; Noel Kavanagh, secretary.

Subcontracts for captive management services with Sogecore S.A. in Luxembourg.

FINNCAP-Oy Finnish Captive & Risk Services Ltd.

Vattuniemenkuja 8 A, 00035 Helsinki, Finland; 358/10/515-12;

fax: 358/10/514-5388

Founded: 1988.

Parent: Risk Management Ltd. (U.K.), Industrial Insurance Co. (Finland).

Officers: E. Holma, chairman; R. Kamarainen, vice chairman; Yngve Nygardas, director; L. von Hertzen, managing director; Derek Douglas, C.G. Bradburn, directors.

Subcontracts for captive management services with International Risk Management in Dublin, Guernsey and Isle of Man.