BI DIRECTORY OF CAPTIVE INSURANCE COMPANY MANAGERS

L

Lowndes Lambert

Insurance Management

(Guernsey) Ltd.

P.O. Box 308, 11 Westerbrook Centre, South Side, St. Sampson's, Guernsey; 44-1481-49984;

fax: 44-1481-48304

Founded: 1979.

Parent: Lowndes Lambert Group Holdings.

Offers rent-a-captive services.

Frequent services: Feasibility studies, captive formation, government reporting, accounting, claims processing, claims reserves analysis, loss forecasting, reinsurance brokered for captives, reinsurance brokered to captives, underwriting and ratemaking, investment management, tax advice, legal advice.

Staff: 12; eight professionals.

Clients: 13 active captives and two inactive captives managed at year-end 1996. Captive premium volume, $250.0 million. Capital and surplus managed, $150.0 million.

Compensation: Annual fee: $20,000 minimum.

1996 gross revenues: 100% from fees charged for captive management.

Officers: L.J. Banks, chairman; R.A. Heaume, A. Lindsay, D.B. Margrett, B.R. Soutar, directors.