Cannabis Presents Opportunities for Captives and RRGs, but Also Risks

As the number of states legalizing the sale of marijuana for both medical and recreational use grows, the captive and risk retention group industries are taking a long hard look at whether or not they can serve the growing number of businesses in this sector. But even as state laws decriminalize the growth and sale of cannabis products, a number of major hurdles remain....

In Continuing Trend, Fairway Physicians RRG Declared Insolvent

The Superior Court of the District of Columbia issued an order of liquidation to Fairway Physicians Insurance Company, a Risk Retention Group (Fairway Physicians) on October 25, 2017. The insolvency continues a trend of insolvencies in the Healthcare sector that began in August 2016....

SOBC Sandell Buys ASRRG

American Safety Risk Retention Group Inc. (ASRRG) has been acquired by SOBC Sandell, a run off management company whose leadership says they are actively looking to buy more distressed RRGs and captives in the future....

RRGs, Captive Managers, and Others in the News

Courtney Claflin, executive director of captive programs for the University of California, was recently selected to fill a vacant seat by the CICA board of directors. Claflin will fill the position vacated by Ken Arguello of Schwarz Partners, LP and stay on for the remainder of the term....