Captive Service Providers - Brokers and Agents

HSBC Insurance Management (HIM) provides captive management, captive feasibility studies, registration and incorporation of captives, general representation in domiciles all over the world, secretarial, accounting and underwriting support as well as assistance with service provider selection, statistical analysis and liaison with regulators.

HSBC Insurance SPC is a "rent-a-captive' facility licensed and domiciled in the Cayman Islands under the Segregated Portfolio Company legislation. Branches of this company have also been established in Bermuda and Guernsey. We also provide brokerage services in Bermuda through HSBC Insurance Services (Bermuda) Limited including captive fronting and reinsurance and a full array of alternative risk financing products. Full investment, asset arrangement and banking services are available through members of the HSBC Group.

HSBC Holdings plc is one of the world's largest banking and financial services organizations, with major personal, commercial , corporate and investment banking and insurance business operating in the Americas, Asia-Pacific region, Europe, the Middle East and Africa. Headquartered in London, the HSBC Group has more than 5.000 offices in 82 countries and territories and over 130,000 employees. At year end December 31, 1999, the Group's assets were $569 billion with pre-tax profit of $7.982 billion.

North American Contacts
(including Bermuda and Caribbean):

Harry W Rodgers
Vice President and Director of New Business Development
HSBC Insurance Management (USA)
452 Fifth Avenue
New York, NY 10018

Phone 212-525-2553
Fax 212-525-2570
Mobile 410-206-9300
Email harry.w.rodgers@us.hsbc.com

Europe
and Asia-Pacific contact:

Chris Charman
Senior Exec. Business Development
HSBC Insurance Management
8 Canada Square,Canary Wharf, London, E14 5HQ, United Kingdom

Phone 44 207 9910270
Fax 44 207 9914640
Mobile 44 07920 543801
Email chris.charman@hsbc.com

Mailing	Courier
P.O. Box 306 Montpelier, VT 05601	2386 Airport Road - Berlin Barre, VT 05641

Contacts:

Stuart H. Grayston, President
USA Risk Group (BVI), Inc., and
USA Risk Brokers, Ltd.
P.O. Box HM 1601
18 Queen Street, Windsor Place
Hamilton HM GX Bermuda
sgrayston@usarisk.com

Phone: 800-USA-RISK x2213
Fax: 877-483-1864

Jeffrey S. Kenneson
Senior Vice President, Business Development
USA Risk Group
30 Main Street, Suite 450
Burlington, VT 05401
jkenneson@usarisk.com

Tel: 800-USA-RISK
Or: 802-229-5042 x2220
Fax: 802-229-6280

Dennis Silvia
Cedar Consulting, LLC
18860 Geauga Lake Road

Chagrin Falls, OH 44023
Email: dennis.silvia@cedarconsulting.net

Tel: 800-USA-RISK x2391
Or: 440-264-9992
Fax: 440-264-9993

We are an independent manager providing:
Captive Structure and Formation Fronting, Reinsurance, Excess Placements Program Management	Captive Management in Major Domiciles Financial and Statutory Accounting Regulatory Compliance

Visit our captive.com Home Page at http://www.captive.com/service/usarisk

or our corporate website at http://www.usarisk.com

See our informative articles now accessible from our Home Page or from the captive.com News/Library