Curator MD RRG Surrenders Certificate of Authority

Arizona-domiciled Curator MD Risk Retention Group (Curator MD RRG) has surrendered its certificate of authority and ceased to operate as an insurance company. According to a filing issued on July 5, 2023, Curator MD RRG “has no outstanding obligations under any policies of insurance, whether written direct or through reinsurance ceded to it.”

The Risk Retention Reporter initially reported in May of 2023 that Curator MD RRG reported negative surplus of $12.5 million on its 2022 annual statement filed on May 15, 2023, leaving the RRG in an insolvent state at the end of 2022. Curator MD RRG had seen consistent declines in surplus since it began writing in 2019. Surplus at Curator RRG was $5.7 million in 2019 and subsequently fell to $4.9 million in 2020. Curator saw an additional decline to $1,011,140 in 2021, just above the statutory minimum set for Curator MD RRG by regulators in Arizona.

Curator MD RRG was authorized to conduct business in Arkansas, Arizona, Massachusetts, Florida, Pennsylvania, Utah, Louisiana, Ohio, and Texas. Curator MD RRG wrote $11.6 million in gross written premium in 2022, the majority of which was written in Florida ($7.8 million), though the RRG also has a strong presence in Massachusetts ($2.0 mil) and Pennsylvania ($1.8 million).

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