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BI DIRECTORY OF CAPTIVE INSURANCE COMPANY MANAGERS

Posted On: Apr. 13, 1997 12:00 AM CST

M
M&M Insurance
Management Services
1099 Alakea St., Honolulu,
Hawaii 96813; 808-531-4211;
fax: 808-523-7030
Founded: 1991.
Parent: Marsh & McLennan Inc.
Frequent services*: Feasibility studies; captive formation; government reporting; accounting; computerized claims processing; online access to claims data; claims reserves analysis; actuarial studies; loss forecasting; reinsurance brokered for captives; managing underwriting pools/facilities; loss control; association captive management services, including specialized accounting services.
Occasional services*: Manual claims processing, reinsurance brokered to captives, underwriting and ratemaking, investment management.
Staff: Five total.
Clients: 16 total captives managed at year-end 1996. Captive premium volume, $92.1 million. Capital and surplus managed, $225.0 million. No minimum size client.
Compensation: Annual fee, hourly.
Officers: Peter J. Lowe, senior vp/general manager.
**Some services performed by sister company.
Marsh & McLennan Insurance
Management Services Inc.
7 Burlington Square, Fifth Floor, P.O. Box 5129, Burlington, Vt. 05444; 802-658-0776; fax: 802-658-1479
Founded: 1980.
Parent: Marsh & McLennan Inc.
Frequent services*: Feasibility studies; captive formation; government reporting; accounting; computerized claims processing; online access to claims data; claims reserves analysis; actuarial studies; loss forecasting; reinsurance brokered for captives; managing underwriting pools/facilities; loss control; association captive management services, including specialized accounting services.
Occasional services*: Manual claims processing, reinsurance brokered to captives, underwriting and ratemaking, investment management.
Staff: 11 total.
Clients**: 41 total captives managed at year-end 1996. Captive premium volume, $613 million. Capital and surplus managed, $6.2 billion. No minimum size client.
Compensation: Annual fee, hourly.
Officers: Raymond C. Oberg, senior vp/general manager.
**Some services performed by sister company. **Includes captives in other domiciles.
Marsh & McLennan Management Services (Barbados) Ltd.
P.O. Box 844, Second Floor, Musson Building, Hincks St., Bridgetown, Barbados; 246-436-8921;
fax: 246-436-9826
Founded: 1986.
Parent: Marsh & McLennan Inc.
Frequent services*: Feasibility studies, captive formation, government reporting, accounting, computerized claims processing, online access to claims data, claims reserves analysis, actuarial studies, loss forecasting, reinsurance brokered for captives, loss control.
Occasional services*: Manual claims processing, reinsurance brokered to captives, underwriting and ratemaking, investment management.
Staff: Three; two professionals.
Clients: Six total captives managed at year-end 1996. Captive premium volume, $40.0 million. Capital and surplus managed, $68.0 million. No minimum size client.
Compensation: Annual fee, hourly.
Contact: Andrew D. Carr, president; Stephen B. White, vp/general manager.
**Some services performed by sister company.
Marsh & McLennan Management Services (Bermuda) Ltd.
P.O. Box HM 1262, Hamilton HM FX, Bermuda; 441-295-3278;
fax: 441-292-6313
Founded: 1968.
Parent: Marsh & McLennan Inc.
Frequent services*: Feasibility studies; captive formation; government reporting; accounting; computerized claims processing; online access to claims data; claims reserves analysis; actuarial studies; loss forecasting; reinsurance brokered for captives; managing underwriting pools/facilities; loss control; association captive management services, including specialized accounting services and onshore services.
Occasional services*: Manual claims processing, reinsurance brokered to captives, underwriting and ratemaking, investment management.
Staff: 45 total.
Clients: 97 total captives managed at year-end 1996. Captive premium volume, $500.0 million. Capital and surplus managed, $836.0 million. No minimum size client.
Compensation: Annual fee, hourly.
Officers: Andrew D. Carr, president; Rory Gorman, David E. Lindo, senior vps.
Contact: Andrew D. Carr.
**Some services performed by sister company.
Marsh & McLennan Management Services (Cayman) Ltd.
P.O. Box 2196, Harbour Center, Fourth Floor, N. Church St., George Town, Cayman Islands, B.W.I.; 345-949-7466; fax: 345-949-8096
Founded: 1978.
Parent: Marsh & McLennan Inc.
Frequent services*: Feasibility studies; captive formation; government reporting; accounting; computerized claims processing; online access to claims data; claims reserves analysis; actuarial studies; loss forecasting; reinsurance brokered for captives; managing underwriting pools/facilities; loss control; association captive management services, including specialized accounting services.
Occasional services*: Manual claims processing, reinsurance brokered to captives, underwriting and ratemaking, investment management.
Staff: Six total.
Clients: 34 total captives managed at year-end 1996. Captive premium volume, $83.0 million. Capital and surplus managed, $87.0 million. No minimum size client.
Compensation: Annual fee, hourly.
Officers: Seamus Tivnan, general manager.
**Some services performed by sister company.
Marsh & McLennan Management Services (Dublin) Ltd.
St. James' House, Adelaide Road, Dublin 2, Ireland; 353-1-475-2788;
fax: 353-1-475-2637
Founded: 1990.
Parent: Marsh & McLennan Inc.
Frequent services*: Feasibility studies, captive formation, government reporting, accounting, computerized claims processing, online access to claims data, claims reserves analysis, actuarial studies, loss forecasting, reinsurance brokered for captives, loss control.
Occasional services*: Manual claims processing, reinsurance brokered to captives, underwriting and ratemaking, investment management.
Staff: Six total.
Clients: 11 total captives managed at year-end 1996. Captive premium volume, $75.0 million. Capital and surplus managed, $50.0 million. No minimum size client.
Compensation: Annual fee, hourly.
Officers: Ian J. Clancy, vp/general manager.
**Some services performed by sister company.
Marsh & McLennan Management Services (Guernsey) Ltd.
P.O. Box 621, Hirzel Court, St. Peter Port, Guernsey GY1 4PH; 44-1481-713833; fax: 44-1481-713766
Founded: 1991.
Parent: Marsh & McLennan Inc.
Frequent services*: Feasibility studies; captive formation; government reporting; accounting; computerized claims processing; online access to claims data; claims reserves analysis; actuarial studies; loss forecasting; reinsurance brokered for captives; managing underwriting pools/facilities; loss control; association captive management services, including specialized accounting services.
Occasional services*: Manual claims processing, reinsurance brokered to captives, underwriting and ratemaking, investment management.
Staff: Four total.
Clients: 11 total captives managed at year-end 1996. Captive premium volume, $57.0 million. Capital and surplus managed, $61.0 million. No minimum size client.
Compensation: Annual fee, hourly.
Officers: John Copeland, vp/general manager; Sue Corbet, account manager.
**Some services performed by sister company.
Marsh & McLennan Management Services
(Isle of Man) Ltd.
Peveril Building, Suite 2, Fourth Floor, Loch Promenade, Douglas IM1 2BS, Isle of Man; 44-1624-661063;
fax: 44-1624-676447
Founded: 1982.
Parent: Marsh & McLennan Inc.
Frequent services*: Feasibility studies, captive formation, government reporting, accounting, computerized claims processing, online access to claims data, claims reserves analysis, actuarial studies, loss forecasting, reinsurance brokered for captives, loss control.
Occasional services*: Manual claims processing, reinsurance brokered to captives, underwriting and ratemaking, investment management.
Staff: Three.
Clients: Seven total captives managed at year-end 1996. Captive premium volume, $54.0 million. Capital and surplus managed, $229.0 million. No minimum size client.
Compensation: Annual fee, hourly.
Officers: Graham R. King, director/general manager; Stephen P. Winrow, director/accounts manager.
**Some services performed by sister company.
Marsh & McLennan Management Services (Luxembourg) S.A.
65 Avenue de la Gare, L-1611 Luxembourg; 352/49/69-51;
fax: 352/49/69-36
Founded: 1987.
Parent: Marsh & McLennan Inc.
Frequent services*: Feasibility studies; captive formation; government reporting; accounting; computerized claims processing; online access to claims data; claims reserves analysis; actuarial studies; loss forecasting; reinsurance brokered for captives; managing underwriting pools/facilities; loss control; association captive management services, including specialized accounting services.
Occasional services*: Manual claims processing, reinsurance brokered to captives, underwriting and ratemaking, investment management.
Staff: Seven total.
Clients: 25 total captives managed at year-end 1996. Captive premium volume, $208.0 million. Capital and surplus managed, $58.0 million. No minimum size client.
Compensation: Annual fee, hourly.
Officers: Claude Weber, vp/general manager.
**Some services performed by sister company.
Meadowbrook Insurance Group Inc.
26600 Telegraph Road, Southfield, Mich. 48034; 810-358-1100;
fax: 810-358-4665
Founded: 1955.
Offers rent-a-captive services.
Services: Feasibility studies; captive formation; government reporting; accounting; computerized claims processing; claims reserves analysis; actuarial studies; loss forecasting; reinsurance brokered for captives; reinsurance brokered to captives; underwriting and ratemaking; tax advice; legal advice; loss control (Southfield, Mich.); association captive management services, including specialized accounting services and onshore services.
Staff: 18; nine professionals.
Clients: 37 active captives managed at year-end 1996. No minimum size client.
Subsidiaries: Meadowbrook Risk Management Ltd., Barbados and Bermuda; Meadowbrook Intermediaries, Miami and New York.
Compensation: Annual fee, commission, hourly.
1996 gross revenues: 70% from fees charged for captive management, 10% from commissions charged for brokering insurance/reinsurance, 20% from other services.
Officers: Merton J. Segal, CEO; Jim Parry Sr., Joe Henry, Robert Cubbin, executive vps.
Contact: Jeff Bowlby, vp.
Meadowbrook Risk Management Ltd.
P.O. Box HM 2340, Hamilton HM JX, Bermuda; 441-292-7569;
fax: 441-292-3299
Founded: 1979.
Parent: Meadowbrook Inc.
Offers rent-a-captive services.
Frequent services: Government reporting; accounting; claims processing; claims reserves analysis; reinsurance brokered for captives; underwriting and ratemaking; investment management; loss control; association captive management services, including specialized accounting services and onshore services.
Occasional services: Feasibility studies, captive formation, actuarial studies, loss forecasting, reinsurance brokered to captives.
Staff: Four; two professionals.
Clients: 10 active captives and three inactive captives managed at year-end 1996. Captive premium volume, $20.0 million.
Compensation: Annual fee, $15,000 minimum; hourly.
1996 gross revenues: 100% from fees charged for captive management.
Officers: Merton J. Segal, president; Brian Stephenson, managing director/vp; Jim Kelly, vp.
Midland Bank Trust
Corp. (Cayman) Ltd.
P.O. Box 1109 GT, Cayman Islands, B.W.I.; 345-949-7755;
fax: 345-949-7634
Founded: 1984.
Parent: HSBC Holdings P.L.C.
Services: Feasibility studies; captive formation; government reporting; accounting; investment management; association captive management services, including specialized accounting services; banking.
Staff: 29; seven professionals.
Clients: 68 active captives and seven inactive captives managed at year-end 1996. Captive premium volume, $230.0 million. No minimum size client.
Compensation: Annual fee; hourly: professional, $125 to $250; clerical, $85.
Officers: David A. Whitefield, managing director; Anthony B. Stelling, director; Thomas Clark, assistant director; Linda Haddleton, manager-insurance; Nicholas Clements, assistant manager-insurance.
Contact: Anthony Stelling or Thomas Clark.
MIMS International
(Barbados) Ltd.
Chelston Park, Building 2, Collymore Rock, St. Michael, Barbados; 246-426-6467;
fax: 246-429-8517
Founded: 1986.
Services: Captive formation, government reporting, accounting, computerized claims processing, claims reserves analysis, reinsurance brokered for captives, underwriting and ratemaking.
Staff: Five; three professionals.
Clients: 19 active captives and one inactive captive managed at year-end 1996. Captive premium volume, $514.0 million. Capital and surplus managed, $335.0 million. No minimum size client.
Contact: Martin R. Hole, president.
Minet Risk Services
(Bermuda) Ltd.
Cumberland House, Fifth Floor,
1 Victoria St., Hamilton HM BX, Bermuda; 441-295-0073;
fax: 441-295-5003
Founded: 1929.
Parent: Minet Group.
Frequent services: Feasibility studies, captive formation, government reporting, accounting, manual claims processing, claims reserves analysis, actuarial studies, loss forecasting.
Occasional services: Computerized claims processing.
Staff: 15; seven professionals.
Clients: Eight active captives and eight inactive captives managed at year-end 1996. Captive premium volume, $380.0 million.
Compensation: Annual fee.
1996 gross revenues: $1.8 million, 100% from fees charged for captive management.
Officers: G.W. Morris, CEO; Colin R. Newell, C. Ian McCathie, managing directors.
Information on captives domiciled in Bermuda, Guernsey, Jersey and Singapore are included in this listing.
Mountain States
Insurance Managers Inc.
4873 W. 98th Ave., Westminster,
Colo. 80030; 303-469-8450;
fax: 303-469-8450
Founded: 1993.
Services: Captive formation, government reporting, accounting, managing underwriting pools/facilities, association captive management services.
Staff: One professional.
Clients: One inactive captive managed at year-end 1996. Capital and surplus managed, $8.0 million. No minimum size client.
Compensation: Annual fee.
1996 gross revenues: $50,000, 100% from fees charged for captive management.
Contact: Nancy Velasquez, owner.
Mutual Coyle
Hamilton Managers Ltd.
7/9 S. Leinster St., Dublin 2, Ireland; 353-1-676-5043; fax: 353-1-676-7957
Founded: 1990.
Parent: Coyle Hamilton/MRM.
Frequent services: Accounting.
Occasional services: Feasibility studies, captive formation, government reporting, claims processing, claims reserves analysis, actuarial studies, loss forecasting, reinsurance brokered for captives, underwriting and ratemaking, tax advice, legal advice.
Staff: Two; one professional.
Clients: Two active captives managed at year-end 1996. Captive premium volume, $4.7 million. Capital and surplus managed, $100.0 million. No minimum size client.
Compensation: Annual fee, commission.
Officers: William J. Cooney, chairman; Paul K. Sinnott, managing director; Hugh D. Governey, James C. Kelly, Rob A. Mulderig, directors.
Contact: Paul Sinnott.
Mutual Risk Management (Barbados) Ltd.
The Business Centre, Upton Road, Christ Church, Barbados; 246-436-5887; fax: 246-427-5328
Founded: 1986.
Parent: Mutual Risk Management Ltd.
Offers rent-a-captive services.
Frequent services: Captive formation, government reporting, accounting, reinsurance brokered for captives, reinsurance brokered to captives, underwriting and ratemaking.
Occasional services: Feasibility studies.
Staff: One professional.
Clients: Six active captives managed at year-end 1996. Captive premium volume, $48.0 million. Capital and surplus managed, $40.0 million. No minimum size client.
Compensation: Annual fee.
1996 gross revenues: 100% from fees charged for captive management.
Officers: Robert Mulderig, president.
Mutual Risk Management (Bermuda) Ltd.
P.O. Box HM 2064, 44 Church St., Hamilton HM HX, Bermuda; 441-295-5688; fax: 441-292-1867
Founded: 1977.
Parent: Mutual Risk Management Ltd.
Offers rent-a-captive services.
Frequent services: Feasibility studies; captive formation; government reporting; accounting; computerized claims processing; investment management; managing underwriting pools/facilities; association captive management services, including specialized accounting services.
Occasional services: Manual claims processing, claims reserves analysis, loss forecasting, reinsurance brokered for captives, underwriting and ratemaking.
Staff: 18; nine professionals.
Clients: 49 active captives and one inactive captive managed at year-end 1996. Captive premium volume, $196.6 million. Capital and surplus managed, $129.6 million. No minimum size client.
Subsidiaries: CFM Insurance Managers Ltd., Bermuda.
Compensation: Annual fee.
1996 gross revenues: $3.7 million, 100% from fees charged for captive management.
Officers: Robert A. Mulderig, chairman; C. Simon Scupham, president; Colin M. Alexander, senior vp; Richard O'Brien, P. Christopher Regan, vps.
Mutual Risk Management (Cayman) Ltd.
Genesis Building, Second Floor,
P.O. Box 1363, Cayman Islands, B.W.I.; 345-949-7966;
fax: 345-949-8068
Founded: 1982.
Parent: Mutual Risk Management Ltd.
Frequent services: Feasibility studies; captive formation; government reporting; accounting; manual claims processing; investment management; association captive management services, including specialized accounting services.
Occasional services: Computerized claims processing, online access to claims data, claims reserves analysis, reinsurance brokered for captives, reinsurance brokered to captives, tax advice, managing underwriting pools/facilities, loss control.
Staff: Five; three professionals.
Clients: 34 active captives and nine inactive captives managed at year-end 1996. Captive premium volume, $87.0 million.
Compensation: Annual fee.
Officers: Peter MacKay, general manager/director; John Pitcairn, vp; Robert Mulderig, John Kessock, Spottswood Dudley, directors.
Contact: Peter MacKay or John Pitcairn.