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 Society Ltd., a Risk Retention Group and The Doctors Company RRG, a Recip. Exchange—carry a rating from Fitch.
More risk retention groups are now carrying ratings from multiple rating agencies. Applied Medico-Legal Solutions RRG, Inc., Paratransit Ins. Co., a Mutual RRG, Star Mutual RRG, and Allied Professional Ins. Co., a RRG, Inc. all carry both an A.M. Best rating and a Demotech rating, while The Doctors Company RRG carries both a A.M. Best and a Fitch rating. Thus, 78 individual RRGs—or 31.2% of all active RRGs—carry a rating of some sort. This is up slightly from the 30.5% of risk retention groups carrying a rating in 2022.
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