Types of Captives

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GastroAssure Captive Insurance Option Set Up for GI Practices

The group purchasing organization Gastrologix and the Digestive Health Network, a group of independent gastrointestinal (GI) practices, have created GastroAssure, a captive insurance program formed to provide medical professional liability to independent gastroenterology practices.
July 25, 2019 Read More

AMERIND: A Cell Captive in Operation

A synopsis of how a Native American-owned and -operated corporation created a cell captive structure to expand and enhance its business. The article outlines what each of the cells provides and why they were created.
July 01, 2019 Read More
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Key Accounting Issues for Cell Captives

We provide a review and analysis of the latest white paper from Johnson Lambert and Spring Consulting Group on cell captives. Our review highlights some of the key concepts from the report and offers guidance on what to look for.
May 15, 2019 Read More
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Cell Structures and Captive Insurance Innovation

Kevin Doherty of Dickinson Wright PLC says that the captive industry is full of innovators and captives are continuously innovating. According to Mr. Doherty, some of the more interesting concepts that have emerged involve the use of cell structures.
March 28, 2019 Read More
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CICA Presents this Year's Outstanding Captive Award to ACIG

This year's Outstanding Captive Award was presented to American Contractors Insurance Group Ltd. (ACIG) at the opening session of the Captive Insurance Companies Association (CICA) 2019 International Conference in Tucson, Arizona.
March 11, 2019 Read More
  Congress US Capitol

New Effort To Be Launched To Expand RRG Coverages

A new drive is expected to try to convince federal lawmakers to pass legislation to expand coverages that risk retention groups (RRGs) can offer to their policyholder-owners. Since 2006, lawmakers have discussed, during every congressional session, expanding the Risk Retention Act to allow RRGs to write property coverages.
January 28, 2019 Read More
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"2018 Risk Retention Group Benchmarking Study" Provides Valuable Insights

The "2018 Risk Retention Group (RRG) Benchmarking Study" from Pinnacle Actuarial Resources, Inc., is now available for download. The study offers a review of RRGs by industry segment. Get the study today!
January 18, 2019 Read More
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Risk Retention Groups: An Important Segment of the Captive Industry

Risk retention groups (RRGs) comprise only 3 percent of the roughly 7,000 captive insurers now operating. This relatively small number of RRGs hides the importance of this segment of the captive industry. Many RRGs are a vital source of coverage for hundreds—even thousands—of their policyholder-owners.
October 03, 2018 Read More
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Latest Risk Retention Group Expansion Effort Faces Slim Chances

A new legislative effort is being launched to expand the coverages that risk retention groups (RRGs) can offer to their policyholders, but that drive has yet to garner broad congressional support. Under the current expansion proposal, H.R. 6292, RRGs could, if certain conditions were met, also offer property coverage.
August 02, 2018 Read More
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PCIC Risk Retention Group Wins LRRA Preemption in New York

A recent New York court of appeals ruling found that Preferred Contractors Insurance Company Risk Retention Group, LLC (PCIC), is not subject to New York insurance law for an insurer's failure to provide timely disclaimer or denial notice. The court ruled that compliance with New York law is preempted by the federal Liability Risk Retention Act (LRRA).
May 24, 2018 Read More
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OOIDA Risk Retention Group Wins LRRA Preemption in Georgia

On May 7, 2018, in a unanimous decision, the Georgia Supreme Court affirmed in Reis v. OOIDA Risk Retention Group, Inc., that the Liability Risk Retention Act (LRRA) preempts state insurance laws that regulate the business of foreign risk retention groups in Georgia.
May 11, 2018 Read More
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Risk Retention Groups Continue To Grow in Size and Importance

Even in a soft market, risk retention groups (RRGs) have grown significantly and continue to play a vital role providing coverage to their tens of thousands of policyholder-owners. At the end of March 2018, 228 RRGs were doing business, up from just 100 in 2003, according to the Risk Retention Reporter.
April 16, 2018 Read More
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OOIDA Risk Retention Group Battles for LRRA Preemption in Georgia

The Georgia Supreme Court will rule on the Reis et al. v. OOIDA Risk Retention Group, Inc. case after the Georgia State Court of Appeals transferred the case to the Georgia high court on the constitutional issue of federal preemption. Frequently, these cases center on whether the federal Liability Risk Retention Act of 1986 (LRRA) preempts state law.
April 09, 2018 Read More
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Fight To Protect Restoration RRG and Other RRGs in Wisconsin Continues

In what the National Risk Retention Association says is a win, on January 12, 2018, in a case involving Restoration Risk Retention Group (Restoration RRG), the US Court of Appeals for the Seventh Circuit vacated and remanded the case back to the US District Court for the Western District of Wisconsin.
March 12, 2018 Read More
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Contrasting Risk Retention Groups and Captive Insurance Companies

It is said that while many risk retention groups (RRGs) are licensed under states' captive insurance company laws, not all captives are RRGs. Learn about the key contrasts of RRGs and other types of captives, including the number licensed, scope of coverage, and interest in formation.
November 20, 2017 Read More
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Risk Retention Group Expansion: A Modest Yet Critical Proposal

A new drive is about to begin aimed at convincing Congress to pass legislation to expand the coverages risk retention groups can provide to member-owners. The legislation is expected to be similar to a measure introduced during the last congressional session that would have allowed certain risk retention groups to cover policyholders' property risks.
July 31, 2017 Read More
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Risk Retention Groups: A Basic Overview

A risk retention group (RRG) is a captive insurance company formed pursuant to the federal Liability Risk Retention Act. This article discusses some of the basics of RRGs, including differences between RRGs and other types of captives.
April 12, 2017 Read More
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The 3 Categories of Risk Retention Groups

A panel discussion on corporate governance of risk retention groups (RRGs) at the 2017 Captive Insurance Companies Association (CICA) Conference provided a useful way to categorize RRGs. RRGs can be divided into one of three categories based on whether there is a sponsor and, if so, the type of sponsor.
March 28, 2017 Read More
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NRRA Files Amicus Brief in Restoration RRG Appeal

The National Risk Retention Association filed an amicus curiae brief in support of Restoration RRG in its recent court appeal, challenging the Wisconsin Department of Safety and Professional Services for discrimination against risk retention groups.
March 21, 2017 Read More
  Uncertainty for Captives-SF

831(b) Micro-Captive Challenges

Currently, there is great uncertainty as to how the Internal Revenue Service's challenges to micro-captives will be resolved. With this in mind, a panel of captive insurance experts discussed ways to mitigate the challenges during last month's 2017 World Captive Forum.
February 08, 2017 Read More