Risk retention group premium surpassed $6 billion for the first time in 2025, with premium for risk retention groups increasing by 11.7 percent to $6,011.0 million from $5380.3 million in 2024. This is the fifteenth consecutive year of risk retention group premium growth. Overall, 154 risk retention groups posted premium gains—with 21 risk retention groups reporting premium increases of more …
Rod Nofziger on Growth and Demographic Shifts in the Transportation Sector
The recent judgment in the arbitration proceedings for Spirit Commercial Auto Risk Retention Group and the conviction of Jasbir Thandi and associates at Global Hawk Risk Retention Group last year have begun to close the chapter on a challenging period for risk retention groups serving the Transportation sector. The Risk Retention Reporter spoke with OOIDA Chief Operating Officer Rod Nofziger …
AI and Loss Portfolio Transfers: An Interview with Tailshift
The footprint of artificial intelligence in the insurance industry has grown over the course of the past five years. For this issue the Risk Retention Reporter spoke with Anirudha Balasubramanian, founder and CEO of Tailshift, to discuss how artificial intelligence can be used in an underwriting capacity, with a focus on legacy risks and loss portfolio transfers. We also discussed …
Global Hawk Executives Plead Guilty
Global Hawk Insurance Company Risk Retention Group (Global Hawk) President and Treasurer Jasbir S. Thandi has pled guilty to two counts of conspiracy to commit insurance fraud. According to the Justice Department, Thandi faces a maximum statutory penalty of five years in prison and a $250,000 fine for each count of conspiracy to commit insurance fraud. Co-defendants Sandeep Sahota, Jaspreet …
Nevada Awarded $82.9 million in CTC Arbitration Proceedings
An arbitration panel awarded the State of Nevada $82.9 million in damages in proceedings against CTC Transportation Insurance Services of Missouri, LLC (CTC), according to the Twenty-Ninth Status Report filed on February 4, 2026. CTC was the program administrator for Spirit Commercial Auto Risk Retention Group (Spirit) which was placed into receivership by Nevada on February 27, 2019. Nevada later …
RRG Premium Surpasses $5 Billion in 2024: An Analysis by Business Sector
Risk retention group premium surpassed $5 billion for the first time in 2024, with premium for risk retention groups increasing by 8.7 percent to $5,450.3 million from $5013.7 million in 2023. This is the fourteenth consecutive year of risk retention group premium growth. Overall, 166 risk retention groups posted premium gains—with 17 risk retention groups reporting premium increases of more …
2023 Domicile Rankings: Vermont Leads and Alabama Continues to Grow
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.
Cannabis Industry RRG CLIC Begins Writing Coverage
Arizona-domiciled CLIC RRG, Inc. has begun writing premium. CLIC RRG is the first risk retention group formed to serve the cannabis industry and is providing general and product/completed operations liability coverages to growers, retailers, manufacturers, labs, and other business operating in the cannabis industry. Although CLIC RRG is serving an emerging industry, with legal complications, CLIC RRG Founder Chris Payne …