In a recent Captive Insurance Times feature, Joseph Deems shares how NRRA combats misinformation about RRGs and previews key themes for the 2025 Conference.

Learn the federal and state laws that govern risk retention groups (RRGs), from formation and licensing to operations and registration.

Risk Retention Groups operate under a carefully defined federal framework established by the Liability Risk Retention Act (LRRA). Protecting the integrity of the RRG model and ensuring its continued success requires both legal clarity and coordinated advocacy across the industry.

Discover why Risk Retention Groups (RRGs) exist, their core characteristics, and what makes them a powerful, long-term liability insurance option across many industries.

Learn the key differences between Risk Purchasing Groups (RPGs) and Risk Retention Groups (RRGs) and determine which option is best for your needs if you are considering an alternative to commercial liability insurance.

One of the most significant ways the National Risk Retention Association (NRRA) supports its members as well as the entire risk retention group community is through its education and advocacy work for risk retention groups (RRGs) and risk purchasing groups (RPGs). Read a summary of some of the advocacy related work NRRA has done on behalf of all risk retention groups and risk purchasing groups in 2024.

Insights from panel moderators and speakers at the NRRA 2024 National Conference.

Our Karen Cutts Award this year honors Derick’s thirty-five-plus years of service in the captive industry. He has worked in virtually every capacity as a CPA, auditor, regulator, Deputy Commissioner and Director of Captives.

This year’s Conference, creatively designed by our Conference Committee, and diligently anchored by my conference co-chair, Colin Donovan of STICO Mutual RRG, focuses in part on the AI Revolution in Insurance and RRGs, of course, blended in with our traditionally popular RRG educational sessions and round tables. 

When exploring the world of captive insurance, you may come across a unique business entity known as a Risk Retention Group (RRG). In this blog post, we’ll break down what an RRG is, its purpose, and the key distinctions between RRGs and conventional insurers.

Colin Donovan reports, “This year’s conference promises to be a creative and timely exploration into what the experts believe will be the management of expectations within our industry of the effects and impact of artificial intelligence (AI).”

NRRA plans its third visit to Florida as discrimination of Risk Retention Groups continues.

We have just been informed that one of two alternate proposed bills containing language drafted by NRRA has now passed both houses of the Florida Legislature and is being sent to the Governor for signature.

Following the Association’s scramble with the Florida Legislature this past Spring, and the death of the H57 & S516 Bills on May 6, 2023, NRRA has undertaken some proactive steps to create a more balanced effort to counteract the reputational challenges which RRGs have been needlessly encountering in the state.

This year, four Gamma Iota Sigma college students from The Katie School of Insurance and Risk Management at Illinois State University attended NRRA 2023, participating in NRRA conference sessions and networking with industry attendees to gain an in-depth exploration of the risk retention field and help build their future careers. Read their reflections on attending the conference:

From all your friends at the National Risk Retention Association, Godspeed, Brother "Ro!" Cicero (aka “Ro”) was a gift of pure joy to all of us he touched. A founding early member of our CRISP program for students, gifted with a sense of humor and a charisma that was larger than life, Ro could (and DID) work a crowd with the best of us.

In addition to fund-raising, NRRA continues its friend-raising: via a proactive effort to develop educational processes and alliances that will help support its efforts to find a legally fair and objective solution to the cause of this year’s earlier legislative crisis, as well as a favorable solution there for all RRGs in the state.

NRRA’s continuing campaign asserting its leadership role on both the regulatory and legislative battle fronts threatening RRGs includes planning in place for the upcoming legislative session this fall.

Following the conclusion of the 2023 Florida Legislative Session on May 5th, which ended without passage of Senate Bill 516, no time is being wasted waiting to see when the previously ill-conceived legislative phoenix might rise from the ashes there.

While the Bill successfully came out of every committee, including final passage by the House of Representatives, the legislative session ended as scheduled on Friday, May 5, 2023 with no action taken on Senate Bill 516.