The last three years have brought significant changes to the captive management landscape for risk retention groups, with acquisitions of and exits by some major players causing significant shakeups. Even so, nearly all captive managers reported premium gains for their managed RRGs, on the heels of the strongest RRG premium growth since 2006. This is an excerpt, for the complete …
RRG Cession Rate Declines in 2019
Risk retention groups ceded less premium to reinsurers in 2019, with the cession rate falling to 45.2% from 47.7%. The cession rate for RRGs had been steadily increasing since 2014, but as the market continues to harden many RRGs may decide to increase premium retention. This is an excerpt, for the complete article subscribe to the Risk Retention Reporter.
More RRGs Carry Ratings in 2020, Some Healthcare RRGs See Downgrade
As of September 2020, 65 risk retention groups carry a rating from either A.M. Best or Demotech, Inc., an increase from the 64 RRGs carrying ratings from those entities in 2019. The number of RRGs carrying a rating from Fitch held steady at two. This is an excerpt, for the complete article subscribe to the Risk Retention Reporter.