2018 June Risk Retention Reporter Headlines and Article Excerpts

RRGs Post Strong Surplus Gains

Risk retention groups collectively saw surplus increase by 7.0% to $5,104.0M from $4,768.7M in 2016. Growth in surplus was widespread with just two business sectors posting declines in surplus. Overall, 155 risk retention groups posted gains in surplus. Gains in surplus were expected given the strong income gains reported in last month’s Risk Retention Reporter...

VCIA Conference to Emphasize Collaboration, Professional Growth

This year’s VCIA Annual Conference will be held from August 7-9 at the Doubletree by Hilton in Burlington, Vermont. The theme of this year’s conference is “Where the Captive World Comes to Meet,” and emphasis will be placed on networking opportunities at the conference...

Special Report: Top 100 RRGs by Premium

This month’s special report focuses the top 100 risk retention groups by premium. The table includes the RRG’s business sector, premium for 2017 and 2016, and the percentage change in premium for the RRG. The table makes it easy to identify the RRGs driving premium growth...

Risk Retention Roundup—Bringing RRGs in Runoff Up to Date

This month’s Risk Retention Roundup features a number of risk retention group retirements, most of which are RRGs that entered runoff in the past year. The Risk Retention Reporter policy is to retire risk retention groups once they enter run-off so that the yearly Directory & Guide features those RRGs that are actively writing premium. In the process of updating the 2018 Risk Retention Group Directory & Guide a number of RRGs were identified that, according to the NAIC data, appeared to be in run-off. ...

Fewer RRGs Carry Ratings in 2018, Quality of Ratings Improves

As of June 2017, 61 risk retention groups carry a rating from either A.M. Best or Demotech, Inc., a decrease from the 64 RRGs carrying ratings from those entities in 2016. The number of RRGs carrying a rating from Fitch held steady at two. The last year has been a mixed bag for RRGs; a number of groups dropped their ratings after downgrades, while some other groups saw their rating upgraded. Despite the mixed results, the overall quality of the ratings is significantly higher than it has been in the past...