Premium growth for risk retention group domiciles was mixed in 2023, with some domiciles reporting strong growth, others seeing steep declines, and some seeing premium come in flat. Overall, thirteen domiciles reported RRG premium growth four domiciles reported premium declines. Connecticut-domiciled risk retention groups have yet to report any premium. Vermont maintained its position as the dominant risk retention group …
More Risk Retention Groups Carrying Ratings in 2024
More risk retention groups are carrying ratings from A.M. Best or Demotech, Inc. as of August 2024 than were carrying ratings in August 2023. The number of risk retention groups carrying an A.M. Best increased 43 from 45, while the number of risk retention groups carrying a Demotech rating increased from 34 to 36. Two risk retention groups—Attorneys’ Liability Assurance …
NRRA Board Chair Tim Sullivan Resigns
National Risk Retention Association Board Chair Tim Sullivan resigned on August 1, 2024. Sullivan continues to serve on the board of Recreation Risk Retention Group, Inc. Tina Truax-McCuin, captive accounts manager at TD Wealth Management, will step in immediately as acting board chair. Sullivan and NRRA had no comment on the resignation.