With the North Carolina Supreme Court denying an appeal by Amrit “Andy” Singh (A. Singh), Eleazar Rojas, Shamsher Singh (S. Singh), and MVT Insurance Services (MVT) in their ongoing bid to regain control American Transportation Group Insurance Risk Retention Group, Inc. (ATGI), ATGI is looking to move forward as a viable risk retention group under the leadership of current ATGI ...

VCIA President Richard Smith will be stepping down from his position in early 2022. Smith came on as VCIA president in 2009 and the led association during throughout the 2010s, a decade that saw numerous challenges including 831(b)s drawing the attention of the IRS, a decline in the number of operational risk retention groups, and increased interest in captive insurance ...

A.M. Best revised the outlooks to negative for Western Pacific Mutual Insurance Company, A Risk Retention Group (WPMIC RRG). WPMIC RRG currently carries a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent). “The ratings reflect WPMIC’s balance sheet strength, which AM Best assesses as strongest, its adequate operating performance, limited ...