Demotech Q3 Report Shows Continued Premium Growth for RRGs

The Demotech report Analysis of Risk Retention Groups—Third Quarter 2021 in December 2021. The report finds that risk retention groups continue to exhibit premium growth and strong financials through the 3rd quarter of 2021. According to the report, risk retention groups saw a 13.3% increase in cash and invested assets through the third quarter of 2021 compared to the same …

NHIC and ProBuilders Near End of Runoff

The Property Development sector was the hardest hit by the financial crisis of 2007 to 2008, with premium in the sector falling from $147.7 million in 2008 to $93.2 million in 2011—a decline of 37%. The sector has since recovered, but several risk retention groups serving the sector entered runoff in the wake of the crisis. Given the long tail …

Actuary Ranking 2020: Milliman and Willis Towers Watson Lead

The Risk Retention Reporter collects service provider data on risk retention groups each year for the annual Risk Retention Group Directory & Guide. The data collected includes information on captive managers, actuaries, auditors, and legal services providers. In 2020, the leading risk retention group actuaries remained Milliman and Willis Towers Watson. Service provider data for the Directory is self-reported by …

December Risk Retention Roundup

This month no new risk retention groups were added to the Risk Retention Reporter listings, and no RRGs were deleted, leaving the total number of RRGs at 236. Two new purchasing groups were added to the Risk Retention Reporter listings, and no PGs were deleted, taking the total number of PGs up to 1032. This is an excerpt , for …

Successful NRRA Conference Shows Increased Interest in RRGs

Conference Recap The 2021 National Risk Retention Association (NRRA) Conference was held from November 2 to 4 at the Sofitel Hotel in Chicago, Illinois. Although attendance was down from pre-COVID levels, there were indications that interest in the risk retention group vehicle is increasing. Even with the decline in attendees, NRRA Executive Director Joe Deems was pleased with the conference. …