From the 2019 November Risk Retention Reporter

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Risk Retention Reporter Family of Publications Changes Ownership

Insurance Communications is pleased to announce the sale of the Risk Retention Reporter (RRR) and related publications to a new entity called Risk Retention Reporter LLC owned by Chris Diemel. Chris is currently Managing Editor of the Risk Retention Reporter and has been with Insurance Communications since February 2013 and in his current position for the last four years. The transaction includes the print and online publications, a comprehensive database of RRGs and PGs dating back to the enactment of the 1986 Liability Risk Retention Act (LRRA), as well as the company’s public website that serves as an important resource for the risk retention industry...

Paratransit, 30+ years on, Continues to Succeed in Transportation Sector

For Paratransit Insurance, a Mutual Risk Retention Group, “slow and steady wins the race” in the tough market for transportation RRGs, according to W. Hamilton Smythe IV, the company’s president. Smythe says he remembers sitting in a room in 1987 with several other successful transportation company operators, and many of them were “sweating that their insurance company wasn’t going to renew them.” It was out of those conversations and concerns that Paratransit, based and domiciled in Tennessee, was born. “We banded together and said, 'let’s control our own destiny....

ANI Reintroduces Bill to Expand LRRA

Alliance of Nonprofits for Insurance, RRG has reintroduced a bill in Congress that would allow a small subset of risk retention groups to write additional lines of coverage—including property and auto-physical coverage. H.R. 4523 limits RRGs able to write the expanded coverages to those groups who serve non-profits, have been active for ten years, and have surplus of at least $10 million. Furthermore, the total insured value of the risks covered for any one member writing the expanded coverages cannot exceed $50 million...

Special Feature: Exploring the New Initiatives at Lloyd’s

This month’s special feature, by Allied Professionals Insurance Company RRG (APIC RRG) Chairman and General Counsel Mike Schroeder and APIC RRG Associate General Counsel Sara Schroeder, explores some the new opportunities at Lloyd’s of London, including the syndicate in a box intuitive, and what they could mean for the risk retention group industry...

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RRGs & PGs

As of November 2019
221 RRGs
1018 PGs