ANNUAL BI DIRECTORY OF RENT-A-CAPTIVES (P)

P

Phoenix Guaranty

Insurance Ltd.

Captech Management Services (Barbados) Ltd., CGM Building, Collymore Rock, St. Michael, Barbados; 246-436-8296 or 441-295-3974

Domicile: Barbados.

Risks: Workers compensation, general liability, property, reinsurance of rent-a-captive programs.

Limits: $1 million per occurrence/$2 million aggregate.

Programs: Traditional.

Policy form: Claims-made, occurrence.

Access: Qualified agents.

Established: December 1994.

Requirements: $1 million minimum premium.

Fronting insurers: Credit General Insurance Co., Reliance National Insurance Co.

Premium volume: $10 million in 1996; $14 million estimated in 1997.

1996 assets: $9.9 million.

1996 capital/surplus: $1.2 million.

Policyholders: Eight in 1996; 12 estimated in 1997.

Membership: Various.

Contact: Lawrence Dixon.

Platinum Indemnity Ltd.

Powerscourt Management Ltd., P.O. Box HM 2267, Hamilton HM JX, Bermuda; 441-295-8495

Domicile: Bermuda.

Risks: Most property and casualty lines.

Limits: Various.

Programs: Fully funded, traditional.

Policy form: Claims-made, occurrence.

Access: All brokers.

Established: 1995.

1996 assets: $1.1 million.

1996 capital/surplus: $1 million.

Contact: Andrew McComb or Chris Dickson.