In two recent surveys, two-thirds of risk retention group (RRG) and purchasing group (PG) managers indicate they would be in favor of offering property coverage to their members.
While risk-retention groups (RRGs) saw premiums decline in 2010, RRG domiciles last year experienced marked overall growth—and for the first time ever, surplus surpassed total premiums.
The Liability Risk Retention Act (LRRA) will be celebrating its 25th anniversary in October of this year, marking many changes in liability insurance during that time. Changes include establishment of the two entities enabled by the LRRA—risk retention groups (RRGs) and risk purchasing groups (RPGs)—as effective alternative risk transfer vehicles.
As with other sectors of the insurance industry, the risk retention group market has seen a contraction in recent years as a result of the financial crisis, but it is expected to hold steady this year.
DebugScreen: mobile
{
"author": {
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"articles": [
{
"uri": "/2011/09/29/poll-finds-strong-majority-of-rrgs-pgs-favor-property-coverage-addition/",
"title": "Poll Finds Strong Majority Of RRGs, PGs Favor Property Coverage Addition",
"byline": "Karrie Hyatt",
"kicker": "",
"prettyDate": "September 29, 2011",
"timeToRead": "3 minute",
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"authors": [
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"summary": "In two recent surveys, two-thirds of risk retention group (RRG) and purchasing group (PG) managers indicate they would be in favor of offering property coverage to their members.",
"body": null
},
{
"uri": "/2011/08/04/rrg-domiciles-see-marked-growth-in-total-assets-but-drop-in-premium/",
"title": "RRG Domiciles See Marked Growth In Total Assets, But Drop In Premium",
"byline": "Karrie Hyatt",
"kicker": "",
"prettyDate": "August 04, 2011",
"timeToRead": "4 minute",
"image": {
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"authors": [
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],
"kickerNode": [],
"summary": "While risk-retention groups (RRGs) saw premiums decline in 2010, RRG domiciles last year experienced marked overall growth—and for the first time ever, surplus surpassed total premiums. ",
"body": null
},
{
"uri": "/2011/05/02/lrras-25th-anniversary-act-brought-big-changes-in-liability-insurance/",
"title": "LRRA’s 25th Anniversary: Act Brought Big Changes In Liability Insurance",
"byline": "Karrie Hyatt",
"kicker": "",
"prettyDate": "May 02, 2011",
"timeToRead": "3 minute",
"image": {
"uri": "",
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},
"authors": [
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],
"kickerNode": [],
"summary": "The Liability Risk Retention Act (LRRA) will be celebrating its 25th anniversary in October of this year, marking many changes in liability insurance during that time. Changes include establishment of the two entities enabled by the LRRA—risk retention groups (RRGs) and risk purchasing groups (RPGs)—as effective alternative risk transfer vehicles.",
"body": null
},
{
"uri": "/2011/02/15/rrg-market-gets-a-good-start-for-2011/",
"title": "RRG Market Gets A Good Start For 2011",
"byline": " Karrie Hyatt ",
"kicker": "News",
"prettyDate": "February 15, 2011",
"timeToRead": "5 minute",
"image": {
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"authors": [
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],
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],
"summary": "As the soft market slowly comes to an end, the high rate of survival for risk retention groups bodes well for the RRG marketplace.",
"body": null
},
{
"uri": "/2011/02/15/rrg-market-gets-a-good-start-for-2011/",
"title": "RRG Market Gets A Good Start For 2011",
"byline": "Karrie Hyatt",
"kicker": "News",
"prettyDate": "February 15, 2011",
"timeToRead": "5 minute",
"image": {
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],
"summary": "As the soft market slowly comes to an end, the high rate of survival for risk retention groups bodes well for the RRG marketplace.",
"body": null
},
{
"uri": "/2011/02/14/rrg-market-gets-a-good-start-for-2011-2/",
"title": "RRG Market Gets A Good Start For 2011",
"byline": "Karrie Hyatt",
"kicker": "",
"prettyDate": "February 14, 2011",
"timeToRead": "5 minute",
"image": {
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},
"authors": [
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],
"kickerNode": [],
"summary": "With four new RRGs licensed in the first few weeks of 2001, industry professionals have more hope for the market now than they have in recent years.",
"body": null
},
{
"uri": "/2010/08/08/rrg-premiums-down-slightly-as-growth-in-some-sectors-offset-losses/",
"title": "RRG Premiums Down Slightly, As Growth In Some Sectors Offset Losses",
"byline": "Karrie Hyatt",
"kicker": "",
"prettyDate": "August 08, 2010",
"timeToRead": "4 minute",
"image": {
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},
"authors": [
{
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],
"kickerNode": [],
"summary": "As with other sectors of the insurance industry, the risk retention group market has seen a contraction in recent years as a result of the financial crisis, but it is expected to hold steady this year.",
"body": null
}
]
}
}
