DIRECTORY OF ALTERNATIVE RISK-FINANCING FACILITIES (P)
Posted On: May. 18, 1997 12:00 AM CSTP
Peer Insurance Risk
Retention Group Corp.
Hawaii Captive Insurance Management, 1164 Bishop St., Suite 1411, Honolulu, Hawaii 96813; 808-538-7766
Domicile: Hawaii.
Risks: Professional liability.
Limits: $1 million primary.
Policy form: Claims-made.
Access: Direct.
First policy: July 1994.
1996 premium volume: $824,917.
1996 assets: $4.3 million.
1996 capital/surplus: $3 million.
Policyholders: 60 in 1996; 65 estimated in 1997.
Membership: Oral and maxillofacial surgeons.
Contact: Sherman Hee.
Peoria Area Chamber of Commerce Trust
Risk Management Administrators, 8425 Woodfield Crossing Blvd.,
Suite 333, Indianapolis,
Ind. 46240; 317-469-4440
Domicile: Illinois.
Risks: Workers compensation.
Limits: $1 million primary and/or $2 million excess of $1.4 million.
Minimum retention: $300,000.
Policy form: Occurrence.
Access: All brokers.
First policy: December 1996.
1996 premium volume: $419,560.
1996 assets: $466,459.
1996 capital/surplus: ($11,047).
Policyholders: 34 in 1996; 90 estimated in 1997.
Membership: Peoria Area Chamber of Commerce.
Contact: Sean Murray.
Plastics Industry Risk Retention Group
Vermont Insurance Management Inc., P.O. Box 306, Montpelier,
Vt. 05601; 802-229-5042
Domicile: Vermont.
Risks: General and product liability.
Limits: Up to $3 million per occurrence.
Minimum retention: $25,000.
Policy form: Claims-made, occurrence.
Access: Direct.
First policy: September 1990.
1996 premium volume: $309,954.
1996 assets: $1.2 million.
1996 capital/surplus: $781,068.
Policyholders: 25 in 1996; 25 estimated in 1997.
Membership: Companies associated with the plastics industry (manufacturing and distribution).
Contact: Andrew Sargeant.
Potomac Indemnity Co.
RiskCap, 1571 Race St., Denver, Colo. 80206; 303-388-5688
Domicile: Cayman Islands.
Risks: Property, general liability, workers compensation.
Limits: $1 million per occurrence/$2 million aggregate excess of $50,000.
Policy form: Occurrence.
Access: All brokers.
First policy: April 1997.
1996 premium volume: $2.8 million
1996 assets: $600,000.
1996 capital/surplus: $600,000.
Policyholders: 1,200 in 1996; 1,200 estimated in 1997.
Membership: Country inns or bed and breakfast inns.
Contact: Michael Murphy.
PRIMEX Ltd.
J&H Marsh & McClennan (Barbados) Ltd., P.O. Box 1274, Whitepark House, White Park Road, Bridgetown, Barbados; 246-436-9929
Domicile: Barbados.
Risks: General, auto and employers liability; products and completed operations.
Limits: General liability: $25 million excess of $2 million; auto liability: $25 million excess of $1 million.
Minimum retention: General liability: $1 million; auto liability: $2 million.
Policy form: Occurrence.
First policy: July 1986.
1996 premium volume: $4.8 million; $2 million in deposit premiums.
1996 assets: $91.3 million.
1996 capital/surplus: $24 million.
Policyholders: 17 in 1996; 17 estimated in 1997.
Membership: Chemical manufacturers and related business.
Contact: Richard Estwick or Kevin Walton.
Professional Business Owners Self Insurers Fund
1800 Second St., Suite 909, Sarasota, Fla. 34236; 941-955-0793
Domicile: Florida.
Self-managed.
Risks: Workers compensation.
Limits: Statutory.
Minimum retention: $400,000.
Policy form: Occurrence.
Access: All brokers.
First policy: March 1990.
1996 premium volume: $18.5 million.
1996 assets: $24.6 million.
1996 capital/surplus: $4.1 million.
Policyholders: 1,592 in 1996; 911 estimated in 1997.
Membership: Professional Business Owners Assn.
Contact: Jeffrey A. Taylor.