South Carolina Leads In 2004 RRG Formations
Following publication of last months column (Dec. 13, page 30),a state insurance department regulator e-mailed, asking if theRisk Retention Reporter had any numbers about the statesof domicile for any of the 54 risk retention groups that formedlast year”specifically, which states are the most attractive forRRG formation?”
Of the 54 risk retention groups formed in 2004, South Carolinawas the domicile of choice for more than a dozen RRGs. Vermont camein second, and the District of Columbia third. Fourteen RRGs (26percent) were domiciled in South Carolina during 2004, while 11 (20percent) were domiciled in Vermont, and nine (16 percent) inD.C.
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