Risk Retention Group Growth Rate Accelerates
Annual RRG premiums soared 37.4 percent in 2003 to $1.737 billion
While annual premiums for risk retention groups have increased almost every year since passage of the Liability Risk Retention Act in 1986, the growth rate has escalated as RRGs continue to form in unprecedented numbers.
Annual premiums for risk retention groups in 2003 totaled $1.737 billionan increase of 37.4 percent over 2002s figure of $1.265 billion. Three RRGs wrote over $100 million, 11 wrote from $30 million to $100 million, and 18 wrote between $10 million and $30 million.
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