The risk retention group industry is currently booming with new formations at the highest level since 2007. Much of that growth can be attributed to a hard insurance market that is contributing to new RRG formations across a range of business sectors. But what were the trends in RRG retirements since the LRRA passed?
The current boom arrives in the wake of a challenging decade for the risk retention group industry. The number of risk retention groups fell from 261 in 2012 to 214 in 2020, a decline of 18%. In total, there were 174 risk retention group retirements from 2010 to the present. Were the 2010s a historically bad decade for the risk retention groups industry?
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