A.M. Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) for Community Hospital Alternative for Risk Transfer (A Reciprocal Risk Retention Group) (CHART RRG). The outlook for the ratings was revised to stable from positive. “The ratings reflect CHART RRG’s balance ...

Demotech, Inc. has released its publication Analysis of Risk Retention Groups—Second Quarter 2021. The Demotech report finds that risk retention groups continue to report premium growth while exhibiting continued financial stability. From second quarter 2020 to second quarter 2021, risk retention groups collectively reported growth in cash and invested assets of 14.7%, while surplus increased by 14.3% over the same ...

Maple Technologies (Maple Tech), a provider of cloud-based administration software for property and casualty (P&C) insurers, announced a new program geared towards smaller insurers including risk retention groups and captives. Maple Tech’s core software is the Aspire system and the Zero-20-20 program will waive the implementation fees for Aspire for those carriers with gross written premiums of less than $20 ...