CAPTIVE REPORT: HAWAII, LARGEST MANAGERS OF HAWAII CAPTIVES

Largest managers of Hawaii captives

Manager Premium Volume Captives staff

1996 1995 1996 1995 1996 1995

M&M Insurance Management Services Inc. $92.1 $94.7 14 12 5 4

Becher & Carlson Risk Management Inc. 50.0 51.1 8 8 2 3

Johnson & Higgins Services Inc. 21.6 29.4 10 9 3 3

Willis Corroon Management Ltd. 14.5 13.7 2 2 NA NA

Sedgwick Management Services (USA) Ltd. 12.7 14.5 6 6 ** NA

Alexander Insurance Managers 8.5 13.1 2 2 2 ?

Hawaii Captive Insurance

Management Inc./USA Risk Group 2.3 1.5 5 4 4 4

IAS Insurance Management 2.2 1.1 1 1 NA NA

50th State Risk Management

Services Inc. 0.4 0.9 1 1 4 4

**Subcontracts regulatory and accounting services to Hawaii Captive Insurance Management Inc./USA Risk Group

Source: The Hawaii Insurance Division and BI survey