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DIRECTORY OF ALTERNATIVE RISK-FINANCING FACILITIES (T)

Posted On: May. 18, 1997 12:00 AM CST

T

Terra Insurance Co.

(A Risk Retention Group)

Vermont Insurance Management Inc., P.O. Box 306, Montpelier,

Vt. 05601; 802-229-5042

Domicile: Vermont.

Risks: Professional liability.

Limits: $1 million per occurrence/$1 million aggregate; $1 million excess of $1 million.

Minimum retention: $25,000 deductible.

Policy form: Claims-made.

Access: Direct.

First policy: April 1988.

1996 premium volume: $6.1 million.

1996 assets: $25.7 million.

1996 capital/surplus: $11.7 million.

Policyholders: 86 in 1996; 85 estimated in 1997.

Membership: Assn. of Soil & Foundation Engineers.

Contact: Andrew Sargeant.

TOPS Insurance Ltd.

Oil Management Services Ltd.,

Ace Building, 30 Woodbourne Ave., Pembroke, Bermuda HM 08; 441-295-0905

Domicile: Bermuda.

Risks: Total loss property coverage for fixed offshore production facilities.

Limits: $70 million.

Policy form: Occurrence.

Access: Direct.

First policy: January 1993.

1996 premium volume: $7.7 million.

1996 assets: $100.8 million.

1996 capital/surplus: $86.7 million.

Policyholders: 16 in 1996; 16 estimated in 1997.

Membership: Petroleum industry.

Contact: Jon R. King.

Tortuga Casualty Co.

International Risk Management (Cayman) Ltd., British American Tower, P.O. Box 69, Cayman Islands B.W.I.; 345-949-0155

Domicile: Cayman Islands.

Risks: Excess liability.

Limits: $50 million excess of $25 million.

Policy form: Claims-made.

Access: All brokers, Bermuda brokers, direct.

First policy: January 1986.

1996 premium volume: $4.7 million.

1996 assets: $138 million.

1996 capital/surplus: $11.5 million.

Policyholders: 17 in 1996; 18 estimated in 1997.

Membership: Various.

Contact: John R. Lower.