Competition Increases: RRG Captive Manager Rankings 2021

RRG captive managers saw increased competition in 2021—with some large accounts moving to new captive managers—and several new captive managers entering the RRG space. This competition follows a strong 2021 for the RRG industry. The risk retention group industry saw the second largest premium increase on record in 2021—behind only 2003—with RRG premium increasing by 13.6% to $4343.2 million. In …

Net Loss for RRGs in First Quarter of 2022 as Per Demotech

Demotech, Inc. has released its report “Analysis of Risk Retention Groups—First Quarter 2022”. The report finds that risk retention groups continue to exhibit financial stability. However, a rare net loss for RRGs was reported in the first quarter of 2022. This net loss stems from weak investment performance in the first quarter of the year. According to the report, for …

David Provost on his Decision to Step Down and What’s Next for Vermont

Vermont Deputy Commissioner, Captive Insurance at the State of Vermont David Provost will be retiring at the end of summer 2022. Provost has led the Vermont captive division since 2008. The Risk Retention Reporter reached out to Provost to discuss his decision to step down, the current captive team in Vermont, and what’s next for Vermont and the captive industry. …

RRG Cession Rate Holds Steady in 2021

The RRG cession rate continued to hold steady in 2021, even as the hard market contributed to the second largest increase in RRG premium on record. Risk retention groups ceded 46.6% percent of premium to reinsurers in 2021, almost identical to the cession rate of 46.4% in 2020. Overall trends in RRG reinsurance have not shifted much recently. The biggest …