The 2022 VCIA Conference was held from August 8-11, 2022, in Burlington, Vermont. It was the first in-person VCIA conference since 2019. Attendance was strong with 986 professionals attending the conference. In addition, the Vermont captive industry said farewell to two of its longtime leaders. Both Rich Smith—the former VCIA president who stepped down at the beginning of 2022—and the ...

Janice Abraham, the President and CEO of United Educators Insurance, A Reciprocal Risk Retention Group (UE), will be retiring in the summer of 2023. Abraham has led UE since 1998—making her one the longest serving risk retention group executives. Having formed in 1987— soon after the passage of the Liability Risk Retention Act—United Educators is one the longest operating risk ...

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 ...