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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.