From the 2014 October Risk Retention Reporter

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APIC and the LRRA Secure Another Victory with Nebraska Court Ruling

In a significant decision reaffirming the Liability Risk Retention Act’s (LRRA) preemption of state insurance regulations, the Nebraska Supreme Court has given Allied Professionals Insurance Company, A Risk Retention Group, Inc. (APIC) its third legal victory of the year....

Labrie Elected Chairman of National Risk Retention Association

Dan Labrie, President and CEO of HAI Group, which serves public housing authorities across the United States, was elected Chairman of the National Risk Retention Association (NRRA) at its Board of Directors meeting in Chicago on October 2, 2014....

RRGs Continue to Exhibit Financial Stability in Demotech Report

Demotech, Inc. released their Analysis of Risk Retention Groups Second Quarter 2014 in October. The report shows that risk retention groups continue to exhibit a great deal of financial stability, although RRGs as a whole did exhibit adverse developments in some key ratios through the first two quarters of 2014....

New Lloyd’s Syndicate Looking to Reinsure RRGs

Experienced London insurance professionals have recently formed Dale Underwriting Partners, an owner-managed Lloyd’s of London syndicate focused on providing property and casualty insurance and reinsurance, with a particular interest in reinsuring U.S. risk retention groups....

RRG Numbers Continue to Decline in Soft Market

The number of active risk retention groups fell to 236 in October, bringing retirements for 2014 up to 18, while formations for the year remained at four. This is an even sharper rate of decline than last year when the number of active risk retention groups fell from 261 to 250....

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RRGs & PGs

As of October 2014
236 RRGs
930 PGs