From the 2016 September Risk Retention Reporter
Facing Retirement, Siri Gadbois Looks Back at EIIA’s History of Service
Siri Gadbois, president and CEO at Educational & Institutional Insurance Administrators, Inc. (EIIA), will be retiring at the end of the year. Under her leadership EIIA saw significant membership growth and formed the affiliated College Insurance Company, College Risk Retention Group, Inc., and College Risk Purchasing Group, Inc. And although College RRG is the most recent RRG formed to serve institutions of higher education, EIIA’s history of service stretches back over 50 years. ...
USA Risk COO Andrew Sargeant to Retire
A longtime USA Risk Group Inc. executive, Andrew Sargeant, has announced plans to retire after more than twenty years with the firm....
New York Dominates Domestic Reinsurance Market for RRGs
Once again New York state is the leading domicile for domestic RRG reinsurance. Reinsurers domiciled in the state saw cessions of $120.0M from RRGs, nearly twice the volume of the number two state Delaware. Overall it was a good year for unaffiliated RRG reinsurers stateside with overall cessions increasing by 12.7% to $337.8M and eight of the top ten domiciles posting gains in cessions from risk retention groups. ...
Diversification in RRG Formations Picks Up in 2016
After three years in which new risk retention group formations were isolated in either the Transportation or Healthcare sectors, RRG formations have begun to branch out. So far in 2016, there have been two RRG formations in the Leisure sector and one that just formed in the Professional Services sector and will be featured in next month’s Risk Retention Reporter. ...
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