South Carolina Leads In 2004 RRG Formations
Following publication of last months column (Dec. 13, page 30), a state insurance department regulator e-mailed, asking if the Risk Retention Reporter had any numbers about the states of domicile for any of the 54 risk retention groups that formed last year”specifically, which states are the most attractive for RRG formation?”
Of the 54 risk retention groups formed in 2004, South Carolina was the domicile of choice for more than a dozen RRGs. Vermont came in second, and the District of Columbia third. Fourteen RRGs (26 percent) were domiciled in South Carolina during 2004, while 11 (20 percent) were domiciled in Vermont, and nine (16 percent) in D.C.
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