Q

Quail Street Management Ltd.

34 Church St., P.O. Box HM 2635, Hamilton HM KX, Bermuda; 441-292-2582; fax: 441-292-1880

Founded: 1986.

Parent: Quail Street Casualty.

Offers rent-a-captive services.

Frequent services: Government reporting; accounting; claims processing; online access to claims data; claims reserves analysis; investment management; loss control (Irvine, Calif.); association captive management services, including specialized accounting services and onshore services; foreign sales corporation management.

Occasional services: Feasibility studies, captive formation, actuarial studies, loss forecasting, reinsurance brokered for captives, reinsurance brokered to captives, underwriting and ratemaking, tax advice.

Staff: 12; four professionals.

Clients: Three active captives and three inactive captive managed at year-end 1996. Compensation: Annual fee; commission; hourly, professional, $200; clerical, $55.

1996 gross revenues: $350,000, 33.5% from fees charged for captive management, 66.5% from other services.

Contact: Mark G. Moffat, president.

Qstion Managers Panama Inc.

Global Bank Building, Sixteenth Floor, Calle 50, Panama City, Republic of Panama; 507-269-8623;

fax: 507-269-8609

Founded: 1996.

Officers: Stavros Costarangos, president; David Perez Almillano, Abdiel Terau, Apostolos Costarangos, directors.

Contact: Stavros Costarangos.

R

RiskCap

1571 Race St., Denver,

Colo. 80206; 303-388-5688;

fax: 303-388-5585

Founded: 1976.

Offers rent-a-captive services.

Frequent services: Feasibility studies; captive formation; government reporting; accounting; computerized claims processing; online access to claims data; claims reserves analysis; loss forecasting; reinsurance brokered for captives; underwriting and ratemaking; managing underwriting pools/facilities; loss control; association captive management services, including specialized accounting services and onshore services; management consulting to other alternative market programs.

Occasional services: Manual claims processing.

Subsidiaries: RiskCap Cayman Ltd.

Staff: 18; 12 professionals.

Clients: Eight active captives managed at year-end 1996. Captive premium volume, $28.5 million. Capital and surplus managed, $37.6 million.

Compensation: Annual fee; hourly: professional, $125 to $175; clerical, $35.

1996 gross revenues: $1.5 million, 41% from fees charged for captive management, 59% from other services.

Officers: Michael Murphy, principal consultant; Sherlyn Farrell, Larry Lawson, senior consultants; Richard Poling, Donna Holstlaw, consultants.

Contact: Michael Murphy.