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| May 2013 News Headlines |
ANI Files for Damages Against Nevada In U.S. District Court
On Apri 8, 2013 the Ninth District Court of Appeals decided in favor of Alliance of Nonprofits for Insurance Risk Retention Group (ANI) in its long legal battle with the Nevada Division of Insurance. However, the court did not award damages to the RRG. This judgment prompted ANI to file a motion in early May with the U.S. District Court in Nevada to recover damages, according to the RRGs president and CEO.
... For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
Annual RRG Directory & Guide Published This Month
The RRR is pleased to announce the release of the 24th annual edition of the Risk Retention Group Directory & Guide. For the first time, the Directory will also include the Market Analysis and Financial Stability Supplement, a separate book that takes an in-depth look at the RRG financial marketplace.
... For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
Domiciles Ranked by Premium, Vermont Dominates
Vermont-domiciled RRGs reported $1,575.5M in premium in 2012. More than seven times the amount of any other risk retention group domicile. Vermont’s premium grew by 2.9% over 2011's reported $1,530.8M in premium. This is nearly the same overall percentage by which the whole industry grew in 2012.
... For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
RRG Assets and Surplus Up in 2012, an Analysis by Domicile
Risk Retention Group premium was up in 2012, but RRG total admitted assets and policyholder surplus also showed gains. RRGs posted a very slight gain in total admitted assets—up from $7,700.1M in 2011 to $7,804.3M in 2012 -- an increase of just 1.4%. RRG surplus in regards to policyholders posted a more significant gain of 7.9%, going from $3,242.7M in 2011 to $3,499.6M in 2012. Looking at RRG assets and surplus by their domicile, the top ten states are mostly unchanged from 2011.
... For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
Special Report: A Look at RRG 2012 Premium
RRG premum in 2012 showed solid growth, growing by 2.9% to $2624.8M. Nearly all of the nine business areas grew last year as well, with only three reporting losses. To take a closer look at this data, this month the Risk Retention Reporter presents a Special Report that makes an in-depth analysis of the industry’s 2012 premium by business area. The report also looks into five-year historical premium data, both by sector and by the industry total. Special Report begins on page 8.
... For full story, subscribe to the Risk Retention Reporter at www.rrr.com/order
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| Directory of RRGs and PGs |
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| Service Provider Directory |
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| Industry Growth and Statistics |
Total Number of RRG's:
258 RRGs as of May, 2013
Total Number of PG's:
890 PGs as of May, 2013
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Announcement
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2013 Directory & Guide Now Expanded with Financial Supplement
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The Risk Retention Reporter and Demotech, Inc. have joined together to create an in-depth analysis of the Risk Retention Group marketplace to be published in conjunction with the Risk Retention Reporter’s annual book, the Risk Retention Group Directory and Guide, available in late May.
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