Demotech, Inc. has released its report Analysis of Risk Retention Groups—Second Quarter 2020. The report provides analysis of risk retention group balance sheets, income sheets, and premium written. According to the report, RRGs continue to exhibit financial stability… This is an excerpt, for the complete article subscribe to the Risk Retention Reporter
Actuary Rankings 2019: Milliman and Willis Towers Watson Lead
The Risk Retention Reporter collects risk retention group service provider data each year for the annual Risk Retention Group Directory & Guide. In 2019, the clear leaders for RRG actuaries were Milliman and Willis Towers Watson… This is an excerpt, for the complete article subscribe to the Risk Retention Reporter.
Special Report: Are RRGs a Mature Industry?
This month’s special report is an analysis of the potential for significant growth in the number of operational RRGs in the current hard market, as has happened historically. In many ways, the RRG industry has matured since the hard market of the early to mid-2000s. That may limit the potential growth in the number of operational RRGs during the current …
Captive Managers by Premium 2019: Acquisitions and Shakeups
The last three years have brought significant changes to the captive management landscape for risk retention groups, with acquisitions of and exits by some major players causing significant shakeups. Even so, nearly all captive managers reported premium gains for their managed RRGs, on the heels of the strongest RRG premium growth since 2006. This is an excerpt, for the complete …
RRG Cession Rate Declines in 2019
Risk retention groups ceded less premium to reinsurers in 2019, with the cession rate falling to 45.2% from 47.7%. The cession rate for RRGs had been steadily increasing since 2014, but as the market continues to harden many RRGs may decide to increase premium retention. This is an excerpt, for the complete article subscribe to the Risk Retention Reporter.
More RRGs Carry Ratings in 2020, Some Healthcare RRGs See Downgrade
As of September 2020, 65 risk retention groups carry a rating from either A.M. Best or Demotech, Inc., an increase from the 64 RRGs carrying ratings from those entities in 2019. The number of RRGs carrying a rating from Fitch held steady at two. This is an excerpt, for the complete article subscribe to the Risk Retention Reporter.
CIC Draws Broad Support in IRS Case
In May of this year, the US Supreme Court agreed to hear CIC Services, LLC (CIC) case against the IRS. The case revolves around Notice 2016-66, which identified transactions relating to 831(b) captives, also known as micro-captives, as transactions of interest. On July 22, captive associations across the country filed a joint amicus brief in support of CIC… This is …
Special Feature: The Hard Market, COVID-19, and Healthcare RRGs
This month’s Special Feature is an interview with Vice President, Claims & Litigation, at American Excess Insurance Exchange RRG Mollie O’Brien. O’Brien participated on a panel exploring what the hard market means for RRGs with Risk Retention Reporter Managing Editor Chris Diemel at the 2020 VCIA Virtual Conference. The interview expands on the topics discussed on the panel and further …
CHI RRG 32 Years On
In the 1980s, the California Healthcare professional liability marketplace was dominated by a single carrier, Farmers. That monopoly, coupled with an historic hard market for liability lines of coverage, left many independent hospitals with few options outside of paying the high premiums offered… This is an excerpt, for the complete article subscribe to the Risk Retention Reporter.
Domiciles Report Strong RRG Premium Growth in 2019
Risk retention group domiciles reported strong premium growth in 2019, with nine of the top ten states posting premium gains. Overall, the RRG industry posted its largest premium increase in dollar and percentage terms since 2006, with premium increasing by 8.3% to $3,577.2 million. These gains in premium occurred even as the number of operational risk retention groups continued to …