All established risk retention group domiciles saw strong premium growth in 2021, with declines occurring only in those domiciles with a single risk retention group. Though the top of the rankings remained unchanged, both Alabama and North Carolina make significant jumps in the rankings.
Vermont continues to dominate the domicile rankings with 80 risk retention groups reporting $2615.9 million in premium in 2021—60% of all risk retention group premium. Overall, Vermont-domiciled risk retention groups saw premium increase by 10.0% in 2021.
Vermont is the home of many of the largest risk retention groups in terms of gross written premium including Attorneys’ Liability Assurance Society, A Risk Retention Group ($373.0 million), United Educators Insurance, A Reciprocal Risk Retention Group ($340.2 million), and MCIC Vermont (A Reciprocal Risk Retention Group) ($401.0 million).
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