The Bermuda Captive Owners Association is resurrecting itself and is actively trying to recruit new members.The once-dormant group is starting a new marketing and rebranding campaign under the direction of William Montanez, chairman of BCOA.Mr Montanez, an American, who is also on the Board of Directors for the Risk and Insurance Management Society (RIMS), oversees his own captive in Bermuda as the director, risk management for the US company, Ace Hardware Corporation.The group currently has around 20 members, which represents a fraction of Bermuda's 862 captives on the Island.“Main thrust, for now, is to expand the influence of captive owners,” said Mr Montanez. “We have had a lot of interests in Bermuda but haven't had a lot of participation.”The group is behind the Bermuda Captive Conference in June but has been largely inactive until recently.Speaking from the 50th annual RIMS conference, Mr Montanez said that BCOA is actively working with the Bermuda Insurance Managers Association (BIMA) to resurrect their membership base.“Actively working with BIMA, trying to forge a relationship to generate new members,” he said. “We are actively soliciting members to become engaged in moving forward initiatives of BCOA, which is advocacy of their own interests.”