Regulation of Lancet Indemnity RRG by Nevada Raises Questions and Concerns.
From the 2018 September Risk Retention Reporter
Special Report: Lancet Indemnity RRG and Nevada
The majority of this month’s Risk Retention Reporter will be dedicated to a special report examining both the deterioration in the financial condition of Lancet Indemnity Risk Retention Group (Lancet) and the regulatory response of the State of Nevada Department of Business and Industry—Division of Insurance (the Nevada Division). Although Lancet is officially in run-off, it is unclear whether that is in the best interest of the company’s policyholders. The report, which draws on information from publicly available reports along with phone and email interviews, including correspondence with one of Lancet’s officers, provides in-depth analysis of Lancet’s financial situation and poses the question: How did things get this bad? ...
R&Q Reinsures RRG to Transfer Legacy Liabilities
Randall & Quilter Investment Holdings Ltd. (R&Q) has completed another transaction for a risk retention group—this time providing reinsurance for a commercial auto RRG that allows the group to transfer its legacy liabilities with the goal of helping it add members and grow ...
Join the RRR discussion group on LinkedInConnect with colleagues and discuss the latest topics.
RRGs & PGs
Preferred Property Program, Inc.