BI DIRECTORY OF CAPTIVE INSURANCE COMPANY MANAGERS

B

BF&M Management Ltd.

P.O. Box HM 1007, Hamilton HM DX, Bermuda; 441-292-6396;

fax: 441-292-8682

Founded: 1969.

Parent: BF&M Ltd.

Offers rent-a-captive services.

Frequent services: Captive formation; government reporting; accounting; claims processing; online access to claims data; claims reserves analysis; investment management; association captive management services, including specialized accounting services.

Occasional services: Feasibility studies, reinsurance brokered for captives, reinsurance brokered to captives, underwriting and ratemaking, managing underwriting pools/facilities.

Staff: Eight; four professionals.

Clients: 28 active captives and one inactive captive managed at year-end 1996. Captive premium volume, $47.1 million. Capital and surplus managed, $186.5 million.

Subsidiaries: BF&M Management (Barbados) Ltd.

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

1996 gross revenues: 85% from fees charged for captive management, 2% from commissions charged for brokering insurance/reinsurance, 13% from other services.

Officers: Irmgard Viera, vp; Elizabeth A.C. Durrant, manager; John Wilkins, treasurer.

Bain Hogg

Insurance Management

(Guernsey) Ltd.

St. Julian's Court, St. Julian's Ave., St. Peter Port, Guernsey GY1 4AT; 44-1481-726049; fax: 44-1481-712428

Founded: 1978.

Parent: Aon Corp.

Services: Feasibility studies, captive formation, government reporting, accounting, manual claims processing, online access to claims data, claims reserves analysis, loss forecasting, underwriting and ratemaking, tax advice.

Staff: 13; two professionals.

Clients: 31 active captives and five inactive captives managed at year-end 1996. Capital and surplus managed, $425.0 million. No minimum size client.

Compensation: Annual fee, $35,000 minimum; hourly.

Officers: Roger Hall, managing director; Graham Powell, director.

Becher & Carlson Cos.

84 Pine St., 600 Financial Plaza,

P.O. Box 5599, Burlington,

Vt. 05401; 802-658-7831;

fax: 802-658-7843

Founded: 1982.

Parent: American Re-Insurance Co.

Frequent services: Feasibility studies, captive formation, government reporting, accounting, claims reserves analysis, actuarial studies, loss forecasting, reinsurance brokered for captives, underwriting and ratemaking, investment management, loss control.

Occasional services: Reinsurance brokered to captives.

Staff: Three; two professionals.

Clients: Five active captives managed at year-end 1996. Captive premium volume, $22.7 million. Capital and surplus managed, $29.5 million. No minimum size client.

Compensation: Annual fee.

Officers: David L. Carlson, president/CEO; Robert L. Glicksteen, senior vp/CFO; James J. Kofmehl, Robert W. Hessel, senior vps; Ann C. DesLauriers, general manager.

Becher & Carlson Management Ltd.

Continental Building, P.O. Box HM 2461, 25 Church St., Hamilton HM JX, Bermuda; 441-295-0519;

fax: 441-295-0933

Founded: 1981.

Parent: American Re-Insurance Co.

Offers rent-a-captive services.

Frequent services: Feasibility studies, captive formation, government reporting, accounting, actuarial studies, loss forecasting, reinsurance brokered for captives, managing underwriting pools/facilities.

Staff: Five; two professionals.

Clients: 11 active captives and one inactive captive managed at year-end 1996. Captive premium volume, $129.0 million. Capital and surplus managed, $610.0 million. No minimum size client.

Compensation: Annual fee, commission, hourly.

Officers: David L. Carlson, president/CEO; Rob Mehta, senior vp/general manager; Karen Nagel, James J. Kofmehl, John Sharpe, vps.

Contact: Pam Brooskin, 818-715-0800.

Becher & Carlson

Risk Management Inc.

Pacific Tower, 1001 Bishop St., Suite 2788, Honolulu, Hawaii 96813; 808-521-1121; fax: 808-521-1288

Founded: 1991.

Parent: American Re-Insurance Co.

Frequent services: Feasibility studies, captive formation, government reporting, accounting, claims reserves analysis, actuarial studies, loss forecasting, reinsurance brokered for captives, underwriting and ratemaking, loss control.

Occasional services: Investment management.

Staff: Two; one professional.

Clients: Six active captives and two inactive captives managed at year-end 1996. Captive premium volume, $50.0 million. Capital and surplus managed, $305.9 million. No minimum size client.

Compensation: Annual fee.

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

Officers: David L. Carlson, president/CEO; Robert L. Glicksteen, senior vp/CFO; James J. Kofmehl, Robert W. Hessel, senior vps; Wanda L. Jong, vp/manager.

Contact: Pam Brooskin, 818-715-0800.

Bott & Associates Ltd.

Sterling House, Wesley St., P.O. Box HM 1087, Hamilton HM EX, Bermuda; 441-292-6564;

fax: 441-292-5796

Founded: 1979.

Offers rent-a-captive services.

Frequent services: Feasibility studies; captive formation; government reporting; accounting; claims reserves analysis; actuarial studies; loss forecasting; reinsurance brokered for captives; reinsurance brokered to captives; underwriting and ratemaking; association captive management services, including specialized accounting services.

Occasional services: Manual claims processing, managing underwriting pools/facilities.

Staff: Six; four professionals.

Clients: 12 active captives managed at year-end 1996. Captive premium volume, $14.5 million. Capital and surplus managed, $28.0 million. No minimum size client.

Subsidiaries: Bott & Associates (Barbados) Ltd.

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

1996 gross revenues: 50% from fees charged for captive management, 40% from commissions charged for brokering insurance/reinsurance, 10% from other services.

Officers: Michael F. Bott, president; Roy V. Bray, executive vp-broking; Scott W. Nickerson, executive vp/CFO.

Contact: Roy V. Bray.