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Gross written premium for risk retention groups in 2008 is expected to grow to $2.62 million, up 2.5 percent compared to last year, when premiums fell 3 percent–bringing this year’s RRG premiums close to 2006 levels, according to the 21st Risk Retention Reporter survey.

The biggest premium gains are projected for health care ($92.0 million), while the largest declines are projected for property development ($61.2 million). The number of RRG insureds is projected to grow to 238,120–up 5.0 percent and higher than last year’s 4.1 percent.

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