Morris Manning & Martin, LLP

Strategic Risk Solutions: An Introduction to RRGs

08.28.2013
Who should participate?  Those who 

 

own or are considering forming a captive and your advisor suggests a Risk Retention Group (RRG).

 

 

In this webinar we look at this specialist form of captive detailing the unique operations of a RRG, both the scope of permissible underwriting activities and regulatory requirements. Topics covered include:

 

  • The scope of Federal Liability Risk Retention Act.
  • Forming and registering a RRG – domicile and non-domiciliary states.
  • Reporting requirements.
  • Practical considerations of underwriting direct
  • Attracting and retaining membership.
  • The RRG marketplace.

The webinar will include a practical case study of a successful risk retention group, highlighting the challenges and opportunities of forming and running a RRG. The webinar is suitable for all current and prospective captive owners considering a RRG and anyone interested in understanding more about this specialist form of captive insurance company.

Presenters 

Robert (Skip) Myers Jr., Managing Partner of the Washington, D.C. office of Morris Manning and Martin LLP and Co-Chair of the firm’s Insurance and Reinsurance Practice. Skip practices in the areas of insurance regulation, antitrust and trade association law.  He specializes in captives and the alternative market and is General Counsel to the National Risk Retention Association.  Skip is the VCIA's Industry Service Award 2014 recipient.

Thomas Norton J.D. President and CEO, Community Hospital Alternative for Risk Transfer, A Reciprocal Risk Retention Group (CHART). Tom has involved in the formation of CHART in 2002 working as an adviser and captive manager. For the past eight years he has served as CEO, overseeing the company’s growth into the second largest hospital RRG in the country. Tom is a graduate of Dartmouth College with over 30 years experience in the insurance industry. 

Michael O’Malley, Managing Director, Strategic Risk Solutions. Mike is responsible for the delivery of Strategic Risk Solutions’ consulting services, including statistical loss and exposure analyses, feasibility studies, and financial analysis for single parent, small captives, cell and group captive programs. 

Derick White, President Strategic Risk Solutions (Vermont) will moderate the webinar.

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