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BI DIRECTORY OF CAPTIVE INSURANCE COMPANY MANAGERS

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I
IAS (Barbados) Ltd.
CGM Building, Collymore Rock, Bridgetown, Barbados; 246-436-8296; fax: 246-426-0433
Founded: 1987.
Parent: International Advisory Services Ltd.
Frequent services: Feasibility studies; captive formation; government reporting; accounting; claims processing; claims reserves analysis; loss forecasting; reinsurance brokered for captives; investment management; managing underwriting pools/facilities; association captive management services, including specialized accounting services.
Occasional services: Reinsurance brokered to captives, underwriting and ratemaking, tax advice, onshore services for associations.
Staff: Three; one professional.
Clients: Six active two inactive captives managed at year-end 1996. Captive premium volume, $120.0 million.
Compensation: Annual fee, $10,000 minimum; commission; hourly.
1996 gross revenues: 100% from fees charged for captive management.
Officers: David Ezekiel, president/managing director; William Tomlin, Terence Power, vps.
Independent Management Group Ltd.
Williams House, Third Floor, 20 Reid St., P.O. Box HM 2070; Hamilton HM HX, Bermuda; 441-295-1646;
fax: 441-292-8062
Founded: 1984.
Offers rent-a-captive services.
Frequent services: Feasibility studies, captive formation, government reporting, accounting, computerized claims processing, reinsurance brokered for captives, managing underwriting pools/facilities.
Occasional services: Manual claims processing, online access to claims data, claims reserves analysis, actuarial studies, loss forecasting, reinsurance brokered to captives, underwriting and ratemaking, investment management, tax advice, legal advice.
Staff: Five; three professionals.
Clients: 18 active captives and three inactive captives managed at year-end 1996. Captive premium volume, $146.5 million. Capital and surplus managed, $201.5 million. No minimum size client.
Compensation: Annual fee; commission; hourly: professional, $135.
Officers: Peter J.N. Strong, president.
Insurance Brokerage
& Management Co. Ltd.
Jardine House, 33/35 Reid St.,
P.O. Box HM 604, Hamilton HM CX, Bermuda; 441-295-2470;
fax: 441-292-8243
Founded: 1974.
Frequent services: Government reporting, accounting, reinsurance brokered for captives, investment management.
Occasional services: Feasibility studies, captive formation, claims processing, online access to claims data, claims reserves analysis, loss forecasting, reinsurance brokered to captives, underwriting and ratemaking, legal advice.
Staff: Three; one professional.
Clients: Seven active captives and one inactive captive managed at year-end 1996. Captive premium volume, $14.0 million. Capital and surplus managed, $18.0 million. No minimum size client.
Compensation: Annual fee, $15,000 minimum; commission.
1996 gross revenues: 90% from fees charged for captive management, 10% from commissions charged for brokering insurance/reinsurance.
Officers: Eric J.M. Arcay, managing director; Denise Cairney, executive assistant.
International Advisory Services Ltd.
Chevron House, 11 Church St., Hamilton HM 11, Bermuda; 441-295-3688;
fax: 441-295-2584
Founded: 1981.
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; investment management; managing underwriting pools/facilities; association captive management services, including specialized accounting services, reinsurance placed for captives via H&H Re-Insurance Brokers Ltd.
Occasional services: Actuarial studies, reinsurance brokered to captives, underwriting and ratemaking, tax advice, loss control.
Staff: 50; 21 professionals.
Clients: 88 active captives and two inactive captives managed at year-end 1996. Captive premium volume, $925.0 million. No minimum size client.
Subsidiaries: H&H Management Services Ltd., Bermuda; IAS (Barbados) Ltd.; IAS Insurance Management Inc., California; International Advisory Services Inc., Vermont.
Compensation: Annual fee, $15,000 minimum; commission; hourly.
1996 gross revenues: 95% from fees charged for captive management, 5% from other services.
Officers: David Ezekiel, president/managing director; Terence Power, David Pickering, executive officers; Simon Everett, David Lampit, Lal Gunawardene, senior officers.
International Insurance Management Ltd.
CGM Building, Collymore Rock, St. Michael, Barbados; 246-436-8296;
fax: 246-426-0433
Founded: 1986.
Frequent services: Government reporting, accounting.
Occasional services: Captive formation, manual claims processing, reinsurance brokered for captives, investment management.
Staff: Five; two professionals.
Clients: 17 active captives and six inactive captives managed at year-end 1996. No minimum size client.
Compensation: Annual fee, $5,000 minimum; commission; hourly: professional, $55; clerical, $25.
Officers: William M. Tomlin, director; Christine M. O'Connor, manager.
Contact: Christine M. O'Connor.
International Insurance Services Inc.
P.O. Box 61, 655 Main St., Lewiston, Maine 04213-0061; 207-784-4566; fax: 207-783-6778
Founded: 1986.
Parent: Hartford Inc.
Officers: Richard A. Hartford, president; Robert A. Hartford, vp-marketing; Rodney S. Shaw, treasurer; Claire M. Bellefleur, assistant vp.
Contact: Richard A. Hartford.
Subcontracts for captive management services with International Insurance Management Ltd. in Barbados.
International Risk Management (Australia) Pty. Ltd.
5/347 Flinders Lane, Melbourne, Victoria, Australia 3000; 613-9629-7655; fax: 613-9629-6922
Founded: 1993.
Parent: International Risk Management Group Ltd.
Frequent services: Feasibility studies, captive formation, government reporting, computerized accounting; computerized claims processing, claims reserves analysis, reinsurance brokered for captives, investment management, loss control, risk management consulting.
Staff: Two; one professional.
Clients: One active captive managed at year-end 1996. Captive premium volume, $500,000. Capital and surplus managed, $200,000. No minimum size client.
Compensation: Annual fee, $25,000 minimum.
Officers: Doug Wilkinson, managing director; Tony Cope, general manager-risk advisory services.
Contact: Tony Cope or Doug Wilkinson.
International Risk Management
(Barbados) Ltd.
P.O. Box 1264, Bridgetown, Barbados; 246-436-7541;
fax: 246-436-8814
Founded: 1988.
Parent: International Risk Management Group Ltd.
Offers rent-a-captive services.
Frequent services: Captive formation, government reporting, accounting, claims processing, claims reserves analysis, loss forecasting, underwriting and ratemaking.
Occasional services: Captive feasibility studies, reinsurance brokered for captives, risk management with engineering consulting.
Staff: One professional.
Clients: Four active and one inactive captive managed at year-end 1996. No minimum size client.
Compensation: Hourly.
1996 gross revenues: 100% from fees charged for captive management.
Officers: Richard E. Ince, general manager/director; John R. Lower, Michael Goulet, directors.
International Risk
Management (Bermuda) Ltd.
Belvedere Building, P.O. Box HM 660, Hamilton HM CX, Bermuda; 441-295-0713; fax: 441-295-1712
Founded: 1963.
Parent: International Risk Management Group Ltd.
Frequent services: Feasibility studies; captive formation; government reporting; accounting; claims processing; online access to claims data; reinsurance brokered for captives; underwriting and ratemaking; managing underwriting pools/facilities; loss control (Europe, North America); association captive management services, including specialized accounting services; risk management consulting; primary and excess insurance brokerage; reinsurance intermediary services.
Occasional services: Claims reserves analysis, loss forecasting.
Staff: 39; 14 professionals.
Clients: 76 active captives managed at year-end 1996. Captive premium volume, $240.0 million. Capital and surplus managed, $1.0 billion. No minimum size client.
Compensation: Annual fee, $10,000 minimum; hourly.
Officers: J.R. English, president; A.W. Summers, senior vp; M. Searson, vp/company secretary; M. Haydon, vp; S. Arrowsmith, assistant vp/assistant secretary.
International Risk
Management (Cayman) Ltd.
British American Tower,
P.O. Box 69GT, Cayman Islands, B.W.I.; 345-949-0155;
fax: 345-949-0002
Founded: 1975.
Parent: International Risk Management Group Ltd.
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; managing underwriting pools/facilities; loss control (North America, Europe); association captive management services, including specialized accounting services and onshore services; risk management consulting; primary and excess insurance placement services; reinsurance intermediary services.
Staff: 21; 10 professionals.
Clients: 30 active captives and two inactive captive managed at year-end 1996. Captive premium volume, $413.0 million. Capital and surplus managed, $350.0 million. No minimum size client.
Compensation: Annual fee, $25,000 minimum; hourly.
Officers: John R. Lower, president; Roger Phelps, senior vp; Lawrence J. Walters, Michael S.A. Donnelly, vps.
International Risk
Management (Dublin) Ltd.
Block 3 Harcourt Centre, Harcourt Road, Dublin 2, Ireland; 353-1-790-2600;
fax: 353-1-790-2606
Founded: 1990.
Parent: International Risk Management Group Ltd.
Frequent services: Feasibility studies, captive formation, government reporting, accounting, computerized claims processing, online access to claims data, claims reserves analysis, loss forecasting, underwriting and ratemaking, loss control.
Occasional services: Manual claims processing, reinsurance brokered for captives, reinsurance brokered to captives.
Staff: Five, all professionals.
Clients: Eight active captives managed at year-end 1996. Captive premium volume, $220.3 million. Capital and surplus managed, $63.4 million. No minimum size client.
Compensation: Annual fee, hourly.
Officers: Andrew Halsall, managing director; Michael Goulet, J.W. Stuart, directors.
Contact: Andrew Halsall.
International Risk Management
(Guernsey) Ltd.
IRM House, Le Bordage, St. Peter Port, Guernsey GY1 1BR; 44-1481-727220; fax: 44-1481-712443
Founded: 1988.
Parent: International Risk Management Group.
Frequent services: Feasibility studies, captive formation, government reporting, accounting, claims processing, loss forecasting, underwriting and ratemaking.
Occasional services: Claims reserves analysis, online access to claims data, reinsurance brokered bor captives.
Staff: 26; nine professionals.
Clients: 28 active captives and one inactive captive managed at year-end 1996. No minimum size client.
Officers: Nick Wild, managing director; John Stuart, financial director; Don Lawson, client service director.
International Risk Management
(Isle of Man) Ltd.
Peveril Buildings, Suite 3, Fourth Floor, Douglas, Isle of Man IM1 2BS; 44-1624-629198;
fax: 44-1624-629199
Founded: 1985.
Parent: International Risk Management Group Ltd.
Frequent services: Feasibility studies, captive formation, government reporting, computerized accounting, computerized claims processing, claims reserves analysis, reinsurance brokered for captives, underwriting and ratemaking, risk management consulting.
Occasional services: Accounting, manual claims processing, loss forecasting.
Staff: Six; three professionals.
Clients: Seven active captives managed at year-end 1996. Captive premium volume, $35.0 million. Capital and surplus managed, $23.0 million. No minimum size client.
Subsidiaries: Risk Management Consultants (Africa) Pty. Ltd., Johannesburg, South Africa.
Compensation: Annual fee, hourly.
Officers: N.H. Wild, managing director; M.A. Skehan, director/general manager; Michael Goulet, J. Stuart, directors.
Intersure
1845 The Exchange, Suite 200, Atlanta, Ga. 30339; 770-916-1908;
fax: 770-916-0618
Founded: 1993.
Parent: American Safety Insurance.
Officers: Lloyd A. Fox, president; James G. Leach, executive vp/general counsel; Steven R. Crim, executive vp; Steve Clarke, vp/financial officer; Warren Harper, vp-underwriting.
Contact: Lloyd Fox.
Subcontracts for captive management services with Mutual Risk Manamement Ltd. (Bermuda, Vermont).