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DIRECTORY OF ALTERNATIVE RISK-FINANCING FACILITIES ( F)

May 18, 1997 Reprints

Financial Institutions Reserve Risk Retention Group Inc.

J&H Marsh & McLennan Inc., 191 Peachtree St. N.E., Atlanta, Ga. 30303; 404-586-8224

Domicile: Vermont.

Risks: D&O liability.

Limits: $20 million primary and/or $20 million excess of any amount.

Minimum retention: $1 million per claim.

Policy form: Claims-made.

Access: Direct.

First policy: July 1988.

1996 premium volume: $283,000.

1996 assets: $118.7 million.

1996 capital/surplus: $63.7 million.

Policyholders: 14 in 1996; 14 estimated in 1997.

Membership: Bank holding companies.

Contact: Glen Bailey.

Forest Insurance Ltd.

International Risk Management (Bermuda) Ltd., Belvedere Building, P.O. Box HM 600, Hamilton HM CX, Bermuda; 441-295-0713

Domicile: Bermuda.

Risks: Umbrella liability.

Limits: Maximum capacity: $10 million per occurrence/$10 million aggregate.

Policy form: Claims-made, occurrence.

Access: Must be captive insurance company related business.

First policy: January 1980.

1996 premium volume: $1.1 million.

1996 assets: $7.8 million.

1996 capital/surplus: $4.2 million.

Policyholders: Five in 1996; five estimated in 1997.

Membership: Forest products industry.

Contact: John R. English.

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DIRECTORY OF ALTERNATIVE RISK-FINANCING FACILITIES ( F)

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