RRG Formations Fall In Softening Market

o Similarly, the number of RRGs formed in 2005 to insure nursing homes and hospitals is about half the number of formations in 2004 in each of the sectors. Five nursing home RRGs were formed in 2005

By Karen Cutts | Updated on January 22, 2006

A softening of the property-casualty market in 2005 was mirrored by the declining number of risk retention groups formed by year’s end–33 compared with 54 in 2004 and 58 in 2003.

Notwithstanding the decline, however, the RRG formation rate remains considerably higher than the average for the last 10 years. The total number of RRGs now stands at a record high of 217.

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