From: Captive.com/IRMI
The premium volume of risk retention groups (RRGs) continues to increase, according to a new report by Douglas A. Powell, senior financial analyst of Demotech, Inc.
RRGs reported $4.3 billion in direct premiums written through the third quarter of 2023, up 1.7 percent from the same period in 2022.
During the same period, RRGs reported a 14.1 percent increase in policyholders’ surplus, a rise of $746.3 million.