From the 2016 June Risk Retention Reporter
Reinsurance Cessions for RRGs up Sharply in 2015
Reinsurance cessions by risk retention groups were up sharply in 2015, increasing by 11.8% to $1,242.3M. Despite this increase, the premium retention rate for RRGs remained high at 58.9%. The reinsurance cessions and retention rate for RRGs have both experienced large shifts in recent years, largely due to two significant trends in the RRG industry that are acting in opposition to each other....
2016 VCIA Conference to Shine a Light on Captives and RRGs
The VCIA 2016 Annual Conference will be held from August 9-11 in Burlington Vermont, with sessions planned at both the Sheraton Hotel & Conference Center and the adjacent UVM Conference Center....
Med Mal Market in New York State Heats Up
The medical malpractice market in New York State is making headlines this year, after one of the largest traditional insurers in the state has faced financial problems and federal charges and more of the premium has shifted to risk retention groups....
2016 Risk Retention Group Directory & Guide Now Available
2015 was an encouraging year for the risk retention group industry. Retirements began to slow, formations began to pick up in a number of different business sectors, and collective RRG premium surpassed $3 billion for the first time. The renewed vitality in the industry has continued through 2016, with seven new RRG formations so far this year. With RRG activity picking up, the Risk Retention Group Directory & Guide is an essential purchase....
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RRGs & PGs
Lenders Protection Assurance Co., RRG
National Independent Truckers Ins. Co., RRG
Preferred Contractors Ins. Co. RRG, LLC
Preferred Property Program, Inc.