From the 2018 March Risk Retention Reporter

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RRG Suit Headed to the Georgia Supreme Court

The risk retention group industry continues to fight state direct action statutes, this time in Georgia where a transportation RRG is getting a hearing in front of the Georgia Supreme Court after the plaintiffs in the case involving it appealed a lower court ruling that decided in favor of the risk retention group....

CICA Mentorship Program Picking Up Steam

The insurance industry is facing a talent gap, a gap felt in the captive and risk retention group space as well. The number of young professionals entering the industry is failing to keep pace with the number of retirements. In October 2017, the Captive Insurance Companies Association (CICA) launched its mentorship program as part of a string of initiatives geared towards training the next generation of captive professionals....

Number of Active PGs Hits 1,000, but What Does that Mean?

The number of active purchasing groups hit 1,000 at the end of February 2018. This milestone comes on the heels of more than a decade of consistent growth in operational groups. The last year with a registered decline in the number of operational PGs was 2004, when the number of operational groups fell to 659. However, the significance of this milestone is in question, due to the difficulty of identifying whether a particular purchasing group is active....

Gary Osborne Joins Risk Partners

Gary Osborne has joined Risk Partners as vice president of alternative risk programs. Prior to joining Risk Partners, Osborne was the President of USA Risk Group, a leading captive manager for risk retention groups, a company he had been with since 1995. Risk Partners is a specialty worker’s compensation managing underwriter and alternative risk provider....

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RRGs & PGs

As of March 2018
228 RRGs
1002 PGs