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Watson Wyatt Management
Co. (Barbados) Ltd.
International Trading Centre, Third Floor, Warrens, St. Michael, Barbados; 246-425-4959;
fax: 246-425-2170
Founded: 1989.
Parent: Watson Wyatt & Co.
Offers rent-a-captive services.
Services*: Feasibility studies; captive formation; government reporting; accounting; claims reserves analysis; actuarial studies; loss forecasting; underwriting and ratemaking; managing underwriting pools/facilities; association captive management services, including specialized accounting services.
Staff: Five; two professionals.
Clients: 11 active captives and four inactive captives managed at year-end 1996. Captive premium volume, $115.0 million. Capital and surplus managed, $53.0 million. No minimum size client.
Compensation: Hourly: professional, $130 to $230; clerical, $60 to $70.
Officers: Brian Kennedy, chairman; Jim Swanke, director; Chris Evans, general manager.
Contact: Chris Evans.
**Subcontracts for some captive management services with Sedgwick Management Services (Barbados) Ltd.
Willis Corroon Management
(Bermuda) Ltd.
F.B. Perry Building, 40 Church St., Hamilton, Bermuda; 441-295-1272; fax: 441-295-4143
Founded: 1962.
Parent: Willis Corroon P.L.C.
Frequent services: Captive formation, government reporting, accounting, computerized claims processing, claims reserves analysis.
Occasional services: Feasibility studies, manual claims processing, actuarial studies, loss forecasting, reinsurance brokered for captives, reinsurance brokered to captives, underwriting and ratemaking, investment management, legal advice, managing underwriting pools/facilities.
Staff: Six; one professional.
Clients: 14 active captives and one inactive captive managed at year-end 1996. No minimum size client.
Compensation: Annual fee, hourly.
Officers: Guy Ragosta, president; J. Oliver Heyliger, vp; Paul M. Pereech, controller.
Willis Corroon Management
(Cayman) Ltd.
P.O. Box 30600 SMB, George Town, Cayman Islands, B.W.I.; 345-949-6039; fax: 345-949-6621
Founded: 1978.
Parent: Willis Corroon Group P.L.C.
Offers rent-a-captive services.
Frequent services: Captive formation, government reporting, accounting, computerized claims processing.
Occasional services: Feasibility studies; manual claims processing; online access to claims data; claims reserves analysis; loss forecasting; reinsurance brokered for captives; reinsurance brokered to captives; managing underwriting pools/facilities; association captive management services, including specialized accounting services.
Staff: Four; two professionals.
Clients: 18 active captives and one inactive captive managed at year-end 1996. Captive premium volume, $283.0 million. Capital and surplus managed, $27.0 million. No minimum size client.
Compensation: Annual fee, $12,000 minimum.
Officers: Guy Ragosta, president; Tim Byrne, vp.
Willis Corroon Management
(Dublin) Ltd.
80 Harcourt St., Dublin 2, Ireland; 353-1-478-4832; fax: 353-1-478-4772
Founded: 1990.
Parent: Willis Corroon Group P.L.C.
Frequent services: Captive formation; government reporting; accounting; underwriting and ratemaking; association captive management services, including specialized accounting services.
Occasional services: Feasibility studies, claims processing, claims reserves analysis, loss forecasting.
Staff: Six, all professionals.
Clients: 11 active captives managed at year-end 1996. Captive premium volume, $36.0 million. Capital and surplus managed, $24.0 million. No minimum size client.
Compensation: Annual fee, hourly.
Officers: Michael P. Trainor, managing director; Mark E. Kealy, Christine L. Douse, Kenneth V. Mahony, directors.
Contact: Michael Trainor or Mark Kealy.
Willis Corroon Management
(Gibraltar) Ltd.
Suite 18, Portland House,
Glacis Road, Gibraltar; 350-51801;
fax: 350-51802
Founded: 1986.
Parent: Willis Corroon Group P.L.C.
Frequent services: Feasibility studies, captive formation, government reporting, accounting, claims processing, claims reserves analysis, loss forecasting, reinsurance brokered for captives, underwriting and ratemaking.
Occasional services: Online access to claims data, reinsurance brokered to captives.
Staff: One total.
Officers: Christine L. Douse, chairman; Bruno G.R. Callaghan, managing director; Peter A. Isola, James C. Boyd, directors.
Contact: Bruno G.R. Callaghan.
Willis Corroon Management
(Guernsey) Ltd.
P.O. Box 384, The Albany, South Esplanade, St. Peter Port, Guernsey GY1 4NF; 44-1481-720049;
fax: 44-1481-710455
Founded: 1980.
Parent: Willis Corroon Group P.L.C.
Offers rent-a-captive services services.
Frequent services: Feasibility studies, captive formation, government reporting, accounting, claims processing, online access to claims data, claims reserves analysis, loss forecasting, underwriting and ratemaking, managing underwriting pools/facilities.
Staff: 25; 20 professionals.
Clients: 41 active captives and two inactive captives managed at year-end 1996. Captive premium volume, $265.0 million. Capital and surplus managed, $180.0 million. No minimum size client.
Compensation: Annual fee, hourly.
Officers: Malcolm J. Cutts-Watson, managing director; Tim R. Edwards, Richard W. Falla, directors.
Willis Corroon Management
(Isle of Man) Ltd.
Third Floor, 10 Finch Road, Douglas IM1 2PT, Isle of Man; 44-1624-620274;
fax: 44-1624-661586
Founded: 1982.
Parent: Willis Corroon Group P.L.C.
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, underwriting and ratemaking, managing underwriting pools/facilities.
Occasional services: Online access to claims data, reinsurance brokered to captives.
Staff: 24; 10 professionals.
Clients: 42 active captives managed at year-end 1996. Captive premium volume, $300.0 million. Capital and surplus managed, $900.0 million.
Officers: James C. Boyd, managing director; Peter J. Foulger, David G. Prince, Christine L. Douse, directors.
Contact: James C. Boyd.
Willis Corroon Management
(Luxembourg) S.A.
26 Place de la Gare, L-1616 Luxembourg; 352/48/90-20;
fax: 352/48/90-22
Parent: Willis Corroon Group P.L.C.
Offers rent-a-captive services.
Services: Feasibility studies; captive formation; government reporting; accounting; computerized claims processing; reinsurance brokered for captives; reinsurance brokered to captives; underwriting and ratemaking; managing underwriting pools/facilities; association captive management services, including specialized accounting services.
Staff: Nine; seven professionals.
Clients: Five active captives managed at year-end 1996. Captive premium volume, $53.0 million. Capital and surplus managed, $93.5 million. No minimum size client.
Compensation: Annual fee, $40,000 minimum; hourly.
Contact: Serge Pineau, managing director or Philippe Charpentier, director.
Willis Corroon Management
(Vermont) Ltd.
76 St. Paul St., Suite 501, Burlington, Vt. 05401; 802-658-9466;
fax: 802-658-5520
Founded: 1992.
Parent: Willis Corroon Corp.
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, actuarial studies, loss forecasting, underwriting and ratemaking.
Occasional services: Manual claims processing; reinsurance brokered for captives; tax advice; managing underwriting pools/facilities; loss control (Nashville, Tenn.); association captive management services, including specialized accounting services and onshore services.
Staff: Seven; four professionals.
Clients*: 15 active captives managed at year-end 1996. Captive premium volume, $74.9 million. Capital and surplus managed, $61.1 million.
Compensation: Annual fee, hourly.
1996 gross revenues: 100% from fees charged for captive management.
Officers: Guy F. Ragosta, managing director-North American captive management operations; James R. Girardin, vp.
Contact: Guy F. Ragosta.
**Includes captives in other domiciles.