From the 2014 October Risk Retention Reporter
APIC and the LRRA Secure Another Victory with Nebraska Court Ruling
In a significant decision reaffirming the Liability Risk Retention Act’s (LRRA) preemption of state insurance regulations, the Nebraska Supreme Court has given Allied Professionals Insurance Company, A Risk Retention Group, Inc. (APIC) its third legal victory of the year....
Labrie Elected Chairman of National Risk Retention Association
Dan Labrie, President and CEO of HAI Group, which serves public housing authorities across the United States, was elected Chairman of the National Risk Retention Association (NRRA) at its Board of Directors meeting in Chicago on October 2, 2014....
RRGs Continue to Exhibit Financial Stability in Demotech Report
Demotech, Inc. released their Analysis of Risk Retention Groups Second Quarter 2014 in October. The report shows that risk retention groups continue to exhibit a great deal of financial stability, although RRGs as a whole did exhibit adverse developments in some key ratios through the first two quarters of 2014....
New Lloyd’s Syndicate Looking to Reinsure RRGs
Experienced London insurance professionals have recently formed Dale Underwriting Partners, an owner-managed Lloyd’s of London syndicate focused on providing property and casualty insurance and reinsurance, with a particular interest in reinsuring U.S. risk retention groups....
RRG Numbers Continue to Decline in Soft Market
The number of active risk retention groups fell to 236 in October, bringing retirements for 2014 up to 18, while formations for the year remained at four. This is an even sharper rate of decline than last year when the number of active risk retention groups fell from 261 to 250....
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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.