A coalition launched to serve as another advocate for riskretention groups has some in the industry wondering if the movemight water down the effectiveness of the alternative market lobbyat a critical time, while imposing a financial burden on captivesand RRGs, given the number of groups already representing thesector.
The new group–the American Risk Retention Coalition, formed bythe Self-Insurance Institute of America–will advocate for riskretention groups “that represent an economical and efficient wayfor professions or trade groups to manage a variety of riskexposures.”
SIIA's chief executive officer, James A. Kinder, told NationalUnderwriter that the mission of the coalition is “to ensure thefuture of risk retention groups and to expand upon programsavailable to be underwritten by RRGs on a federal preemptivebasis.”
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