Risk retention groups reported strong premium growth of 13.6% in 2021 that took collective RRG premium to $4,343.3 million—an increase of $519.3 million over the $3,824.0 reported in 2020. The first time RRG premium has surpassed $4 billion. It was the second largest RRG premium increase on record, behind the $527.0 million in 2003. 2021 marks the eleventh consecutive year …
2021 Domicile Rankings: Vermont Leads and Alabama Moves Up
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 …
Demotech Report: RRGs Report Favorable Results in 2021
Demotech Inc. has released its Analysis of Risk Retention Groups—Year-End 2021. The report finds that risk retention groups continue to exhibit a “great deal of financial stability.” The risk retention group industry saw its strongest premium growth since 2003 in 2021 with premium increasing by $519.3 million. According to the report, risk retention groups have maintained an appropriate balance sheet …
Risk Retention Roundup
This month four new risk retention groups were added to the Risk Retention Reporter listings and three RRGs were deleted, taking the total number of RRGs up to 238. No new purchasing groups were added to the Risk Retention Reporter listings, and no PGs were deleted, leaving the total number of PGs at 1030. Three of this month’s new risk …