Hard Market Drives New Captive Formations, RRG Premium Growth

Captive domiciles nationwide have released their data on captive formations for 2020. The data points towards strong captive formations in most established domiciles, though formations of risk retention groups in those domiciles have remained low. Hard market conditions are likely contributing to the growth in captives, and though RRG formations are low, RRG premium will likely see significant growth in …