A survey of risk retention groups conducted by the Risk Retention Reporter reveals modest growth of RRG premium, insureds and formations.
The 20th annual survey found that 23 RRGs were formed in the first nine months of 2007, compared with 26 for the same period last year. Health care remains the business sector accounting for the lion's share of formations, premium and insureds.
The survey projects that 2007 RRG gross written premium will grow to $2.72 billion–an increase of $77.3 million (2.9 percent) over 2006 premium, but less than half the rate of growth achieved last year (7.7 percent).
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