2018 August Risk Retention Reporter Headlines and Article Excerpts

Industry Leaders Respond to New Property Bill Introduced in June

Industry leaders at the Vermont Captive Insurance Association conference had a lot to say about the new property bill introduced into Congress in June—both positive and negative, but skepticism about whether or not such a bill could pass in the current Congressional climate was almost universal...

Looking Ahead to 2018 NRRA Conference

The National Risk Retention Association (NRRA) will be holding its annual conference from October 3-5 at the Sofitel Magnificent Mile Hotel in Chicago, Illinois. Although the NRRA conference has always emphasized networking, Business-to-Business networking—deemed the “NRRA Edge” in the conference program—is the star of this year’s conference...

VCIA Panel Addresses RRG Governance Standards

Successfully adhering to governance standards needs to be more than just “checking boxes,” according to a panel of experts at the Vermont Captive Insurance Association annual conference in Burlington, Vermont—risk retention groups need to go a step further and incorporate these standards as part of their business values...

Healthcare RRG Sector Has Strengths and Weaknesses, a VCIA Report

“It was the best of times, it was the worst of times”—that’s how Bruce Whitmore , senior consultant and senior vice president of global captive and national healthcare practices at Willis Towers Watson described the current healthcare risk retention group market at a panel discussion at the recent Vermont Captive Insurance Association conference in Burlington, Vermont...

Risk Retention Roundup

This month no new risk retention groups were added to the Risk Retention Reporter listings and two RRGs were deleted, taking the total number of risk retention groups down to 221. No new purchasing groups were added to Risk Retention Reporter listings and no PGs were deleted, leaving the total number of PGs at 1,001...

RRG Ratings Roundup

A.M. Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-”assigned to St. Charles Insurance Company Risk Retention Group. The Outlook for both ratings is stable. Formed in 2001, St. Charles provides contractual liability coverage to administer obligors, dealer obligors, and manufacturers involved in the administration of extended service contracts for automobiles, RVs, motor homes, and motorcycles...