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BI DIRECTORY OF CAPTIVE INSURANCE COMPANY MANAGERS: A (PART 1/2)

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

A
AIG Insurance
Management Services Inc.
156 College St.,
Burlington, Vt. 05401; 802-658-9405; fax: 802-658-0112
Founded: 1988.
Parent: American International Group Inc.
Frequent services: Feasibility studies; captive formation; government reporting; accounting; computerized claims processing; online access to claims data; claims reserves analysis; actuarial studies; underwriting and ratemaking; investment management; managing underwriting pools/facilities; loss control (New York); association captive management services, including specialized accounting services and onshore services.
Occasional services: Manual claims processing.
Staff: Eight; one professional.
Clients: 12 active captives managed at year-end 1996. Captive premium volume, $127.5 million. Capital and surplus managed, $98.8 million. No minimum size client.
Compensation: Annual fee; hourly: professional, $90 to $150; clerical, $55 to $85.
1996 gross revenues: $557,000, 100% from fees charged for captive management.
Officers: Paul Obolensky, president-AIMS worldwide; David Hupp, director-regional operations/marketing-AIG; Anne Wick, AIMS regional director-U.S. onshore.
Contact: Anne Wick or David Provost.
AIG Insurance Management Services (Barbados)
Alico Building, Cheapside, Bridgetown, Barbados; 246-436-4771; fax: 246-427-5809
Founded: 1985.
Parent: American International Group Inc.
Offers rent-a-captive services.
Frequent services: Government reporting, accounting, claims processing, claims reserves analysis, investment management, funding, risk management programs.
Occasional services: Feasibility studies; captive formation; actuarial studies; loss forecasting; underwriting and ratemaking; loss control (New York, Brussels); association captive management services, including specialized accounting services and onshore services.
Staff: Three; two professionals.
Clients: Four active captives managed at year-end 1996.
Compensation: Annual fee, $25,000 minimum; hourly: professional, $100 to $130; clerical, $50 to $75.
1996 gross revenues: 100% from fees charged for captive management.
Officers: Helen Roper, president/general manager; D.A. Conway, vp; L.M. Murphy, director; P. Obolensky, president-AIMS.
Contact: David A. Conway.
AIG Insurance Management Services (Bermuda)
American International Building,
29 Richmond Road, Pembroke HM 08, Bermuda; 441-295-2121;
fax: 441-292-6735
Founded: 1947.
Parent: American International Group Inc.
Offers rent-a-captive services.
Frequent services: Captive formation; government reporting; accounting; computerized claims processing; claims reserves analysis; loss forecasting; investment management; association captive management services, including specialized accounting services and onshore services, fronting, funding, guaranteed cash flow, finite risk programs, risk management programs.
Occasional services: Feasibility studies, manual claims processing, online access to claims data, actuarial studies, underwriting and ratemaking, loss control (New York, Brussels).
Staff: Nine; four professionals.
Clients: 20 active captives and three inactive captives managed at year-end 1996. Captive premium volume, $198.0 million. Capital and surplus managed, $110.0 million. No minimum size client.
Compensation: Annual fee, $25,000 minimum; hourly: professional, $115 to $150; clerical, $55 to $80.
Officers: J.C.H. Johnson, president/CEO; L.M. Murphy, senior vp/general counsel; S.G. Cubbon, senior vp/treasurer; B.S. Abrams, senior vp; P. Obolensky, president-AIMS.
Contact: David A. Conway, vp-insurance management services.
AIG Insurance Management Services (Cayman) Ltd.
P.O. Box 1392, Cayman Islands, B.W.I.; 345-949-2445;
fax: 345-949-7814
Founded: 1994.
Parent: American International Group Inc.
Officers: P. Obolensky, president; D. Conway, D.M.L. Roberts, L.M. Murphy, directors.
Contact: David Roberts, 345-949-2445 or D. Conway, 441-295-2121.
Subcontracts for captive management services with CSI International Underwriting (Cayman) Ltd.
AIG Insurance Management Services (Guernsey) Ltd.
P.O. Box 119, Commerce House, St. Peter Port, Guernsey GY1 3HB; 44-1481-700667; fax: 44-1481-711657
Founded: 1994.
Parent: American International Group Inc.
Officers: Mike Matthews, managing director; David Stafford, finance director; Callum Beaton, director.
Contact: Mike Matthews.
Subcontracts for captive management services with Spread Insurance Management Services Ltd. in Guernsey.
AIG Insurance Management Services (Ireland) Ltd.
AIG House, Merrion Road, Dublin 4, Ireland; 353-1-283-7788;
fax: 353-1-283-7821
Founded: 1989.
Parent: American International Group Inc.
Offers rent-a-captive services.
Frequent services: Feasibility studies, captive formation, government reporting, computerized accounting, computerized claims processing, underwriting and ratemaking, investment management.
Occasional services: Managing underwriting pools/facilities.
Staff: Nine; four professionals.
Clients: Seven active captives and two inactive captives managed at year-end 1996. Captive premium volume, $129.0 million. Capital and surplus managed, $37.5 million. No minimum size client.
Subsidiaries: AIG Insurance Management Services (Luxembourg) S.A.
Compensation: Annual fee.
Officers: Mike Matthews, managing director; David Stafford, finance director.
Contact: Mike Matthews.
AIG Insurance Management Services (Isle of Man) Ltd.
IOMA House, Prospect Hill, Douglas, Isle of Man; 44-1624-670129;
fax: 44-1624-622500
Founded: 1994.
Parent: American International Group Inc.
Officers: Mike Matthews, managing director; David Stafford, finance director; Richard Drinkwater, director.
Contact: Mike Matthews.
Subcontracts for captive management services with Isle of Man Insurance Management Ltd.
AIG Insurance Management Services (Luxembourg) S.A.
11 Avenue Guillaume,
P.O. Box 615, L-2016 Luxembourg; 352/44/30-32; fax: 352/44/31-07
Founded: 1986.
Parent: American International Group Inc.
Frequent services: Feasibility studies, captive formation, government reporting, computerized accounting, computerized claims processing, underwriting and ratemaking, investment management.
Occasional services: Managing underwriting pools/facilities.
Staff: Two; one professional.
Clients: One active captive managed at year-end 1996.
Compensation: Annual fee.
Officers: Mike Matthews, director; Jacques Emsix, general manager.
Contact: Jacques Emsix.
AIM Associated Insurance Management (Ireland) Ltd.
International House, 3 Harbourmaster Place, I.F.S.C., Dublin 1, Ireland; 353-1-670-0677;
fax: 353-1-670-0688
Parent: Colonia Versicherung A.G.
Frequent services: Accounting, claims processing, online access to claims data, claims reserves analysis, reinsurance brokered for captives, reinsurance brokered to captives, underwriting and ratemaking, investment management, tax advice, legal advice, loss control.
Occasional services: Feasibility studies, captive formation, government reporting, loss forecasting.
Staff: Two professionals.
Clients: Two active captives managed at year-end 1996. Captive premium volume, $61.0 million. Capital and surplus managed, $46.0 million.
Compensation: Annual fee.
1996 gross revenues: $80,000; 100% from fees charged for captive management.
Officers: Michael Doering, managing director.
Aberdeen Insurance Managers (Turks & Caicos) Ltd.
P.O. Box 169, Aberdeen House, Barricks Hill, Palm Grove Drive, Turks & Caicos Islands, B.W.I.; 809-946-2670;
fax: 809-946-2856
Founded: 1989.
Offers rent-a-captive services.
Frequent services: Feasibility studies, captive formation, government reporting, accounting, claims reserves analysis.
Occasional services: Claims processing, actuarial studies, loss forecasting, reinsurance brokered for captives, reinsurance brokered to captives, underwriting and ratemaking, investment management, tax advice.
Staff: Three; one professional.
Clients: Four active captives managed at year-end 1996. Captive premium volume, $8.9 million.
Compensation: Annual fee, $3,000 minimum; hourly: professional, $100; clerical, $40.
1996 gross revenues: 86% from fees charged for captive management, 2% from commissions charged for brokering insurance/reinsurance, 12% from other services.
Officers: Ross Blumentritt, resident managing director; Hans Frederich Christoph Blumentritt, director; Patricia Smith, assistant secretary.
Contact: Ross Blumentritt.
Alexander
Insurance Managers
346 Shelburne Road, Burlington,
Vt. 05401; 802-860-0444;
fax: 802-860-0440
Founded: 1983.
Parent: Aon Corp.
Frequent services: Feasibility studies; captive formation; government reporting; accounting; claims processing; online access to claims data; claims reserves ananlysis; actuarial studies; loss forecasting; managing underwriting pools/facilities; loss control; association captive management services, including specialized accounting services and onshore services.
Occasional services: Reinsurance brokered for captives, reinsurance brokered to captives, underwriting and ratemaking.
Staff: 11 total.
Clients*: 40 active captives and two inactive captives managed at year-end 1996. Captive premium volume, $279.3 million. Capital and surplus managed, $223.8 million.
Compensation: Annual fee; hourly.
1996 gross revenues: 100% from fees charged for captive management.
Officers: W. Scott Frazier, executive director; James Murray, managing director; Beth Albright, assistant vp.
Contact: James Murray.
Alexander & Alexander Services Inc. was acquired by Aon Group Inc. in January 1997. **Includes captives in other domiciles.
Alexander Insurance Managers Ltd. (Bermuda)
Dorchester House, 7 Church St.,
P.O. Box HM 2020, Hamilton HM HX, Bermuda; 441-295-0265;
fax: 441-292-4910
Founded: 1965.
Parent: Aon Corp.
Frequent services: Feasibility studies; captive formation; government reporting; accounting; claims processing; claims reserves analysis; managing underwriting pools/facilities; association captive management services, including specialized accounting services.
Staff: 35; 13 professionals.
Clients: 82 active captives and three inactive captives managed at year-end 1996. Captive premium volume, $572.0 million. Capital and surplus managed, $1.6 billion. No minimum size client.
Compensation: Annual fee; hourly.
1996 gross revenues: 100% from fees charged for captive management.
Officers: Alan C. Cossar, executive director; Philip A. Barnes, managing director; Gail Y. Fox, executive vp; Peter J. Jones, Kate Robinson, Louise Funy, Michael McGuinness, vps.
Contact: Philip Barnes.
Alexander & Alexander Services Inc. was acquired by Aon Group Inc. in January 1997.
Alexander Insurance Managers (Barbados) Ltd.
P.O. Box 134, Financial Services Centre, Bishop's Court Hill, St. Michael, Barbados; 246-436-4895;
fax: 246-436-9016
Founded: 1984.
Parent: Aon Corp.
Frequent services: Government reporting, accounting, computerized claims processing.
Occasional services: Feasibility studies; captive formation; manual claims processing; managing underwriting pools/facilities; association captive management services, including specialized accounting services and onshore services.
Staff: 10; three professionals.
Clients: 26 active captives and one inactive captive managed at year-end 1996. Captive premium volume, $89.0 million. Capital and surplus managed, $132.0 million. No minimum size client.
Compensation: Annual fee; hourly.
1996 gross revenues: 100% from fees charged for captive management.
Officers: Ronald W. Jones, managing director; Vinston E. Hampden, vp.
Contact: Ronald W. Jones.
Alexander & Alexander Services Inc. was acquired by Aon Group Inc. in January 1997.
Alexander Insurance Managers (Canada)
900 Howe St., Box 3228, Vancouver, B.C. V6B 3X8, Canada; 604-683-2561; fax: 604-682-4026
Founded: 1988.
Parent: Aon Corp.
Frequent services: Feasibility studies, captive formation, government reporting, accounting, claims processing, claims reserves analysis.
Occasional services: Underwriting and ratemaking.
Staff: Three; two professionals.
Clients: 10 active captives and two inactive captives managed at year-end 1996. Captive premium volume, $18.3 million. Capital and surplus managed, $18.5 million. No minimum size client.
Compensation: Annual fee; hourly.
1996 gross revenues: 100% from fees charged for captive management.
Contact: William J. Morgan, managing director.
Alexander & Alexander Services Inc. was acquired by Aon Group Inc. in January 1997.
Alexander Insurance Managers (Cayman) Ltd.
P.O. Box 1125, Georgetown, Cayman Islands, B.W.I.; 345-945-2888; fax: 345-945-2889
Founded: 1981.
Parent: Aon Corp.
Frequent services: Accounting, computerized claims processing.
Occasional services: Feasibility studies; captive formation; managing underwriting pools/facilities; association captive management services, including onshore services.
Staff: Two; one professional.
Clients: Five active captives and one inactive captive managed at year-end 1996. Captive premium volume, $11.2 million. Capital and surplus managed, $32.4 million. No minimum size client.
Compensation: Annual fee; hourly.
1996 gross revenues: 100% from fees charged for captive management.
Contact: Peter Jones, vp/managing director.
Alexander & Alexander Services Inc. was acquired by Aon Group Inc. in January 1997.
Alexander Insurance Managers (Dublin) Ltd.
71 Lower Baggot St., Dublin 2, Ireland; 353-1-676-2911;
fax: 353-1-676-2744
Founded: 1990.
Parent: Aon Corp.
Frequent services: Captive formation, government reporting, accounting, claims processing, underwriting and ratemaking, investment management.
Occasional services: Feasibility studies, online access to claims data, claims reserves analysis, loss forecasting, reinsurance brokered for captives, reinsurance brokered to captives, captive finance company management, agency treasury company management.
Staff: Nine; six professionals.
Clients: Nine active captives managed at year-end 1996. Captive premium volume, $59.0 million. Capital and surplus managed, $31.0 million. No minimum size client.
Compensation: Annual fee; hourly.
1996 gross revenues: 100% from fees charged for captive management.
Officers: Eamon O'Brien, managing director; Anne Finn, assistant director.
Contact: Eamon O'Brien.
Alexander & Alexander Services Inc. was acquired by Aon Group Inc. in January 1997.
Alexander Insurance Managers (Guernsey) Ltd.
Alexander House, Victoria Road,
St. Peter Port, Guernsey; 44-1481-728180; fax: 44-1481-710551
Founded: 1977.
Parent: Aon Corp.
Frequent services: Feasibility studies, captive formation, government reporting, accounting, claims processing, online access to claims data, loss forecasting, reinsurance brokered for captives; underwriting and ratemaking.
Occasional services: Claims reserves analysis.
Staff: 19; five professionals.
Clients: 40 active captives managed at year-end 1996. Captive premium volume, $420.0 million.
Compensation: Annual fee; hourly.
1996 gross revenues: 100% from fees charged for captive management.
Officers: Barry Seymour, managing director; Clive James, Richard Gale, directors.
Contact: Barry Seymour.
Alexander & Alexander Services Inc. was acquired by Aon Group Inc. in January 1997.
Alexander Insurance Managers (Hawaii) Ltd.
1221 Kapiolani Blvd., Suite 901, Honolulu, Hawaii 96814; 808-593-3316; fax: 808-593-3301
Founded: 1994.
Parent: Aon Corp.
Frequent services: Captive formation, government reporting, accounting.
Occasional services: Feasibility studies, claims processing, claims reserves analysis, reinsurance brokered for captives, reinsurance brokered to captives, investment management.
Staff: Two professionals.
Clients: One active captive and one inactive captive managed at year-end 1996. Captive premium volume, $8.5 million. No minimum size client.
Compensation: Annual fee; hourly.
1996 gross revenues: 100% from fees charged for captive management.
Officers: Marc Lapointe, vp; Karen Venner, assistant vp.
Contact: Marc Lapointe.
Alexander & Alexander Services Inc. was acquired by Aon Group Inc. in January 1997.