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New alternatives. (Property/Casualty).

Nearly half of the risks of the U.S. commercial market will be placed in the alternative market by 2003, according to new information gathered by A.M. Best Co.

Previous estimates greatly understated the significance of the captive market to the corporate and insurance sectors.

The captive market's premium growth rate in 2000 continued to significantly outpace the commercial insurance sector in all major markets. In the United States alone, the captive sector increased net premiums written at four times the commercial market's robust 7.2% rate. Growth is expected to continue as risk managers make better use of their existing captives.

Group captives will see steady growth in membership, as will segregated-cell companies, particularly from middle-market companies that are affected heavily by a hardened market. New captives to handle pricing, coverage and capacity disruptions caused by the commercial insurance market also will fuel growth.

The environment remained conducive to growth of the alternative market in the first half of 2001 through self-insurance, captives and capital-market solutions, as commercial insurance rates continued to increase and capacity continued to shrink.

The tragic events of Sept. 11 and the resulting uncertainty created in both the reinsurance and commercial insurance markets have only accelerated the migration, as risk managers and their advisers react to a situation forced upon them.

BEST'S CAPTIVE DIRECTORY UPDATE

The Best's Captive Directory has added 83 newly licensed captives to its listings.

Best's Captive Directory is the authoritative reference source for comprehensive information on captive insurance companies worldwide. The directory, published by A.M. Best Co., lists about 4,400 single-parent and group captives as well as governmental pools and group self-insurance funds.

Below is a listing of the newly licensed captives since an update to the directory was published in the February 2002 issue of Best's Review.

Best's Captive Directory can be purchased by contacting Customer Service at (908) 439-2200, Ext. 5742.
Insurance Company Sponsor

Enbridge Insurance (Barbados IPL Enterprises Inc
 QIC) Ltd
International Underwriting Inter-Insurance Agency
 Insurance Co Ltd Services Ltd
Aegis Electric & Gas Insurance
 Solutions Ltd
AGGCAP Insurance Ltd
Arbour Reinsurance Co Ltd
Aria Ltd
Asco Bermuda Ltd
Falvey Insurance Co Ltd
Fitzwilliam (SAC) Insurance
 Ltd
IES Reinsurance Ltd

Kaith Re Ltd
Lavida Ltd
Marathon Insurance Co Ltd
MHI Ltd
Oil Newoc Ltd
PRG-Schultz Insurance Ltd
Primary (SAC) Ltd
Restaurant Reinsurance Ltd Restaurant Insurance
 Holdings
Sencare Risk Service Ltd
Six Pines Insurance Ltd
Tantalon International
 Insurance Co Ltd
Topsail Re (SAC) Ltd Purpose Trust
Finsureco Ltd Digital Commerce Company


G & L Casualty & Indemnity Ltd

SRB Casualty & Indemnity Ltd

Assurecare
EMCA Insurance Co Ltd
Heritage Valley Insurance Co Ltd
Medical Eye Service Reinsurance
MHA Reinsurance & Casualty Ltd
Caring Communities Insurance Co
Volunteer Insurance Ltd
Mountain Lake Insurance Ltd
Comprehensive Indemnity Ltd
Clark/Bardes Reinsurance Ltd
Independence Group
Stop-Loss Insurance Services Ltd
Magellan International Insurance
 (Cayman) SPC
Sunland Insurance SPC
HBA Indemnity
Heartland Group Ltd
Premier Plus Insurance Co Ltd
Columbia Indemnity Ltd
Little Bijou Indemnity Co
Superior Providers Insurance
 Co SPC LTD
Midwestern National Insurers Ltd
Inreco International Reinsurance Co
Parallel Insurance Services Ltd U-Drive Ltd
Selfriders Insurance (Guernsey) Ltd Selfriders Retail Ltd
Thomas Miller Insurance PCC Ltd Thomas Miller
Woolworths Insurance (Guernsey) Ltd Woolworth Group
Buchanan Insurance Co Ltd
Mithras Insurance Ltd
Norton Waverly Insurance PCC Ltd Norton Waverly
Goitre Insurance Co Ltd Goitre Tower Anthracite Ltd
MITIE Reinsurance Co Ltd
AMD Reinsurance Co Inc
Caregivers Reinsurance Inc
National City Mortgage Insurance
 Co Inc
Elia Re SA Electrabel
Teide Re SA Cepsa
National Independent Truckers
 Insurance Co RRG
Plastic Omnium Re
Advin Assurance Corp
Mountainview Insurance Co Inc Hillbrook Insurance Co Inc
Northgroup Captive Insurance Inc Banknorth Group Inc
Power Consultants Insurance Co Sargent & Lundy Service Inc
HCI Inc Highmark Inc
IXP Inc Boston Properties Limited
 Partnership
CTN Assurance Co Engelhard Corp
First Division Insurance Co Tribune Co
Guardwell Insurance Co Wellman Inc
SIB Insurance Co SIB Mortgages

MGMM Insurance Co MGM Mirage
Regis Insurance Group Regis Corp
Abbott Park Abbott Labs
Marshall Street Insurance Co Everett Smith Group
Buena Vista Insurance Co Walt Disney Corp
Midwest Indemnity Inc US Bancorp
Pacific Northwest Insurance Co Premera Blue Cross
Community Hospital Alternative
 For Risk Transfer (A Reciprocal
 RRG) PA Health Systems
National Union Fire Insurance National Union Fire
 Company of VT Insurance Company
 of Pittsburgh PA

Insurance Company Domicile

Enbridge Insurance (Barbados Barbados
 QIC) Ltd
International Underwriting Barbados
 Insurance Co Ltd
Aegis Electric & Gas Insurance Bermuda
 Solutions Ltd
AGGCAP Insurance Ltd Bermuda
Arbour Reinsurance Co Ltd Bermuda
Aria Ltd Bermuda
Asco Bermuda Ltd Bermuda
Falvey Insurance Co Ltd Bermuda
Fitzwilliam (SAC) Insurance Bermuda
 Ltd
IES Reinsurance Ltd Bermuda

Kaith Re Ltd Bermuda
Lavida Ltd Bermuda
Marathon Insurance Co Ltd Bermuda
MHI Ltd Bermuda
Oil Newoc Ltd Bermuda
PRG-Schultz Insurance Ltd Bermuda
Primary (SAC) Ltd Bermuda
Restaurant Reinsurance Ltd Bermuda

Sencare Risk Service Ltd Bermuda
Six Pines Insurance Ltd Bermuda
Tantalon International Bermuda
 Insurance Co Ltd
Topsail Re (SAC) Ltd Bermuda
Finsureco Ltd British
 Virgin Islands

G & L Casualty & Indemnity Ltd British
 Virgin Islands
SRB Casualty & Indemnity Ltd British
 Virgin Islands
Assurecare Cayman
EMCA Insurance Co Ltd Cayman
Heritage Valley Insurance Co Ltd Cayman
Medical Eye Service Reinsurance Cayman
MHA Reinsurance & Casualty Ltd Cayman
Caring Communities Insurance Co Cayman
Volunteer Insurance Ltd Cayman
Mountain Lake Insurance Ltd Cayman
Comprehensive Indemnity Ltd Cayman
Clark/Bardes Reinsurance Ltd Cayman
Independence Group Cayman
Stop-Loss Insurance Services Ltd Cayman
Magellan International Insurance
 (Cayman) SPC Cayman
Sunland Insurance SPC Cayman
HBA Indemnity Cayman
Heartland Group Ltd Cayman
Premier Plus Insurance Co Ltd Cayman
Columbia Indemnity Ltd Cayman
Little Bijou Indemnity Co Cayman
Superior Providers Insurance
 Co SPC LTD Cayman
Midwestern National Insurers Ltd Cayman
Inreco International Reinsurance Co Cayman
Parallel Insurance Services Ltd Guernsey
Selfriders Insurance (Guernsey) Ltd Guernsey
Thomas Miller Insurance PCC Ltd Guernsey
Woolworths Insurance (Guernsey) Ltd Guernsey
Buchanan Insurance Co Ltd Guernsey
Mithras Insurance Ltd Guernsey
Norton Waverly Insurance PCC Ltd Guernsey
Goitre Insurance Co Ltd Guernsey
MITIE Reinsurance Co Ltd Guernsey
AMD Reinsurance Co Inc Hawaii
Caregivers Reinsurance Inc Hawaii
National City Mortgage Insurance
 Co Inc Hawaii
Elia Re SA Luxembourg
Teide Re SA Luxembourg
National Independent Truckers
 Insurance Co RRG South Carolina
Plastic Omnium Re Switzerland
Advin Assurance Corp St. Lucia
Mountainview Insurance Co Inc Vermont
Northgroup Captive Insurance Inc Vermont
Power Consultants Insurance Co Vermont
HCI Inc Vermont
IXP Inc
 Vermont
CTN Assurance Co Vermont
First Division Insurance Co Vermont
Guardwell Insurance Co Vermont
SIB Insurance Co Vermont

MGMM Insurance Co Vermont
Regis Insurance Group Vermont
Abbott Park Vermont
Marshall Street Insurance Co Vermont
Buena Vista Insurance Co Vermont
Midwest Indemnity Inc Vermont
Pacific Northwest Insurance Co Vermont
Community Hospital Alternative
 For Risk Transfer (A Reciprocal
 RRG) Vermont
National Union Fire Insurance
 Company of VT
 Vermont

Insurance Company Manager

Enbridge Insurance (Barbados International Insurance
 QIC) Ltd Management
International Underwriting International Insurance
 Insurance Co Ltd Management
Aegis Electric & Gas Insurance Becher & Carlson
 Solutions Ltd
AGGCAP Insurance Ltd Quest Management Services Ltd
Arbour Reinsurance Co Ltd Codan Management Ltd
Aria Ltd Symphony Management
Asco Bermuda Ltd Marsh
Falvey Insurance Co Ltd JLT Risk Solutions
Fitzwilliam (SAC) Insurance Castlewood Ltd
 Ltd
IES Reinsurance Ltd HSBC Insurance Solutions
 (Bermuda) Ltd
Kaith Re Ltd International Advisory Services
Lavida Ltd Symphony Management
Marathon Insurance Co Ltd Marsh
MHI Ltd International Advisory Services
Oil Newoc Ltd Oil Management Services Ltd
PRG-Schultz Insurance Ltd Primary Management (Bermuda) Ltd
Primary (SAC) Ltd Primary Management (Bermuda) Ltd
Restaurant Reinsurance Ltd JLT Risk Solutions

Sencare Risk Service Ltd Castlewood Ltd
Six Pines Insurance Ltd International Advisory Services
Tantalon International International Advisory Services
 Insurance Co Ltd
Topsail Re (SAC) Ltd JLT Risk Solutions
Finsureco Ltd
 Belmont Insurance
 Management
G & L Casualty & Indemnity Ltd
 AMS Insurance Management
SRB Casualty & Indemnity Ltd
 AMS Insurance Management
Assurecare Gallagher
EMCA Insurance Co Ltd Marsh
Heritage Valley Insurance Co Ltd Marsh
Medical Eye Service Reinsurance Willis
MHA Reinsurance & Casualty Ltd HSBC Insurance Management
Caring Communities Insurance Co HSBC Insurance Management
Volunteer Insurance Ltd Mutual Risk
Mountain Lake Insurance Ltd Chandler
Comprehensive Indemnity Ltd Chandler
Clark/Bardes Reinsurance Ltd Mutual Risk
Independence Group Mutual Risk
Stop-Loss Insurance Services Ltd Marsh
Magellan International Insurance
 (Cayman) SPC Marsh
Sunland Insurance SPC Crusader
HBA Indemnity JLT Risk Solutions
Heartland Group Ltd Mutual Risk
Premier Plus Insurance Co Ltd JLT Risk Solutions
Columbia Indemnity Ltd JLT Risk Solutions
Little Bijou Indemnity Co Risk Cap
Superior Providers Insurance
 Co SPC LTD Aon Insurance Managers
Midwestern National Insurers Ltd Chandler
Inreco International Reinsurance Co Marsh
Parallel Insurance Services Ltd Thomas Miller
Selfriders Insurance (Guernsey) Ltd Heath Lambert
Thomas Miller Insurance PCC Ltd Thomas Miller
Woolworths Insurance (Guernsey) Ltd Willis
Buchanan Insurance Co Ltd Normandie
Mithras Insurance Ltd Aon Insurance Managers
Norton Waverly Insurance PCC Ltd Bacon & Woodrow
Goitre Insurance Co Ltd Marsh
MITIE Reinsurance Co Ltd Willis
AMD Reinsurance Co Inc Aon Insurance Managers
Caregivers Reinsurance Inc Aon Insurance Managers
National City Mortgage Insurance
 Co Inc AIG Insurance Management
Elia Re SA Marsh
Teide Re SA Marsh
National Independent Truckers
 Insurance Co RRG USA Risk Group
Plastic Omnium Re Aon Insurance Managers
Advin Assurance Corp Hewanorra
Mountainview Insurance Co Inc Marsh
Northgroup Captive Insurance Inc Aon Insurance Managers
Power Consultants Insurance Co Strategic Risk
HCI Inc Aon Insurance Managers
IXP Inc
 Marsh
CTN Assurance Co Marsh
First Division Insurance Co Aon Insurance Managers
Guardwell Insurance Co Willis
SIB Insurance Co Yankee Captive Management
 Inc
MGMM Insurance Co Willis
Regis Insurance Group SB&T
Abbott Park Marsh
Marshall Street Insurance Co Marsh
Buena Vista Insurance Co Aon Insurance Managers
Midwest Indemnity Inc Marsh
Pacific Northwest Insurance Co Marsh
Community Hospital Alternative
 For Risk Transfer (A Reciprocal
 RRG) Marsh
National Union Fire Insurance
 Company of VT
 AIG
COPYRIGHT 2002 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
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Comment:New alternatives. (Property/Casualty).(Statistical Data Included)
Publication:Best's Review
Article Type:Statistical Data Included
Geographic Code:1USA
Date:Jun 1, 2002
Words:1595
Previous Article:Taking flight: since Sept. 11, travel insurance rates and sales have been on an upswing. (Property/Casualty).
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