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www.demotech.com Volume 3 Issue 3

July 2013

Demotech, Inc. Analysis of Risk Retention Groups First Quarter 2013


Contents

Analysis of Risk Retention Groups

July 2013

Volume 3

Issue 3

The following articles and columns complement the financial data found in this issue of Analysis of Risk Retention Groups:

3

Opening Remarks

FEATURED ARTICLE

5

RRGs Report Financially Stable Results at First Quarter 2013 By Douglas A. Powell, Senior Financial Analyst, Demotech, Inc.

SPECIAL ANNOUNCEMENT

Risk Retention Reporter and Demotech

10 Partner to Release Supplemental Publication

INDUSTRY PERSPECTIVE INDUSTRY PERSPECTIVE

Relationships Common in 11 Affiliate Reinsuring RRGs - 2012 Update By Rachel Wilkins, Analyst, Demotech, Inc.

Purpose Driven Portfolio - Part 3 13 A By Josh Magden, Vice President of Insurance and Institutional Marketing, Sage Advisory Services

LEGAL PERSPECTIVE

of Risk Retention Group Members 15 ByLiability W. Burke Coleman, Esq., Legal Counsel and Compliance Manager, Demotech, Inc.

Information and 17 Company Financial Results of RRGs

Additional Analysis of RRGs Assigned

67 an FSR

In-depth financial analysis for RRGs assigned a Financial Stability Rating®. The company profile pages provided courtesy of SNL Financial and used with their permission.

ISSN 2168-7013 (online) Published July 10, 2013 COPYRIGHT© 2013 Demotech, Inc.

Special thank you to the following people for their contributions, comments and commitment: W. Burke Coleman | Legal Counsel and Compliance Manager, Demotech, Inc. James Cutts | Publisher, Risk Retention Reporter Joseph Deems | Executive Director, National Risk Retention Association Melissa-Anne Duncan | Executive Director, Insurance Industry Charitable Foundation Keith Enslow | Senior Program Manager, SNL Center for Financial Education Karrie Hyatt | Managing Editor, Risk Retention Reporter Barry Koestler | Chief Ratings Officer, Demotech, Inc. Josh Magden | Vice President of Insurance and Institutional Marketing, Sage Advisory Services Mechlin Moore | Communications Director, National Risk Retention Association Paul Osborne | Senior Consultant, Demotech, Inc. Rachel Wilkins | Analyst, Demotech, Inc.

The ratios, percentages and calculations contained herein have been compiled from data considered reliable or are expressions of opinion. They are not intended to be complete, and we do not assume responsibility for the accuracy of the data prepared or provided by others. No ratio or other presentation herein constitutes or shall be considered as a recommendation to enter in a contractual relationship, is meant as an offer to sell dispose of any securities, or is a solicitation to buy the securities of any of the companies included in the listing.

®


Opening Remarks

Analysis of Risk Retention Groups – First Quarter 2013 Welcome to the third issue of 2013. As noted in the last issue, based on feedback I have received, more financial statement results as well as more key performance ratios will be presented. Although we look at many other indicators and metrics, I believe this will give the reader a better understanding of some of the key indicators we assess in determining the financial stability of RRGs. Analysis of Risk Retention Groups – First Quarter 2013 contains expert analysis from Demotech, Inc. as well as perspective on other topics pertaining to RRGs from other industry experts. I would like to point out a special announcement on page 10: Demotech recently partnered with Risk Retention Reporter to create the Market Analysis and Financial Stability Supplement. The Supplement will add to this analysis and will include a review of the state of the RRG marketplace. Also, I will be presenting at the Society of Financial Examiners’ annual career development seminar on July 24th. In my presentation, Rating Process and Analysis of Property/Casualty Insurers, I will be discussing the qualitative and quantitative aspects of analyzing P/C insurers. As always, I hope you find this information applicable and informative. If you have any questions, comments or suggestions, please contact me at dpowell@demotech.com. Also, you can connect with me on LinkedIn, www.linkedin.com/in/powdoug. Thank you, nk you,

Douglas A. Powell | Senior Financial Analyst, Demotech, Inc.

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RRGs Report Financially Stable Results at First Quarter 2013

Featured Article

Financial analysis of Risk Retention Groups based on reported historical results through first quarter 2013.

Douglas A Powell | Senior Financial Analyst, Demotech, Inc. In reviewing the reported financial results of risk retention groups (RRGs), one gets the impression that this is a group of insurers with a great deal of financial stability. Based on first quarter 2013 reported financial information, RRGs continue to effectively provide specialized coverage to their insureds. Over the past five years, RRGs have remained committed to maintaining adequate capital to handle losses. It is important to note that ownership of an RRG is restricted to the policyholders of the RRG. This unique ownership structure required of RRGs may be a driving force in the strengthened capital position exhibited by RRGs. Since RRGs are restricted to liability coverage, they tend to insure medical providers, product manufacturers, law enforcement officials and contractors, as well as other professional industries. While RRGs have reported direct premium written in nine lines of business so far in 2013, more than 60 percent of this premium was in the medical professional liability lines. Balance Sheet Analysis Comparing the last five years of results, cash and invested assets, total net admitted assets and policyholders’ surplus have all continued to increase at a faster rate than total liabilities (figure 1). The level of policyholders’ surplus becomes increasingly important in times of difficult economic conditions, as properly capitalized insurers can remain solvent while facing uncertain economic conditions. Since first quarter 2009, cash and invested assets increased 44.4 percent and total net admitted assets increased 33.4 percent. More importantly, over a five year period from first quarter 2009 through first quarter 2013, RRGs collectively increased policyholders’ surplus 81.7 percent. This increase represents the addition of more than $1.5 billion to policyholders’ surplus. During this same time period, liabilities increased only 14 percent, approximately $597 million. These reported results indicate that RRGs collectively are adequately capitalized and able to remain solvent if faced with adverse economic conditions or increased losses. Liquidity, as measured by liabilities to cash and invested assets, for first quarter 2013 was approximately 72.4 percent. A value less than 100 percent is considered favorable as it

indicates that there was more than $1 of net liquid assets for each $1 of total liabilities. This also indicates an improvement for RRGs collectively as liquidity was reported at 75.9 percent at first quarter 2012. Moreover, this ratio has improved steadily each of the last five years. Loss and loss adjustment expense (LAE) reserves represent the total reserves for unpaid losses and unpaid LAE. This includes reserves for any incurred but not reported losses as well as supplemental reserves established by the company. The cash and invested assets to loss and LAE reserves ratio measures liquidity in terms of the carried reserves. The cash and invested assets to loss and LAE reserves ratio for first quarter 2013 was 237.7 percent and indicates an improvement over first quarter 2012, as this ratio was 220.5 percent. These results indicate that RRGs remain conservative in terms of liquidity. In evaluating individual RRGs, Demotech, Inc. prefers companies to report leverage of less than 300 percent. Leverage for all RRGs, as measured by total liabilities to policyholders’ surplus, for first quarter 2013 was 136.4 percent. This indicates an improvement for RRGs collectively as leverage was reported at 148.7 percent at first quarter 2012. The loss and LAE reserves to policyholders’ surplus ratio for first quarter 2013 was 79.3 percent and indicates an improvement over first quarter 2012, as this ratio was 88.8 percent. The higher the ratio of loss reserves to surplus, the more an insurer’s stability is dependent on having and Figure 1 - RRG Balance Sheet Metrics at 3/31 (In Billions)

$9 

Short‐term Assets

$8 

Net Admitted Assets Liabilities

$7 

Policyholders Surplus

$6 

$5 

$4 

$3 

$2 

$1 

$‐ 2009

2010

2011

2012

2013

®


maintaining reserve adequacy. In regards to RRGs collectively, the ratios pertaining to the balance sheet appear to be appropriate.

Figure 2 - RRG Income at 3/31 (In Millions)

$75

Premium Written Analysis RRGs collectively reported $1.3 of billion direct premium written (DPW) through first quarter 2013, an increase of 4.9 percent over first quarter 2012. RRGs reported $541 million of net premium written (NPW) through first quarter 2013, an increase of 16.6 percent over first quarter 2012. These results are reasonable. The DPW to policyholders’ surplus ratio for RRGs collectively through first quarter 2013 was 150.5 percent and indicates an improvement over first quarter 2012, as this ratio was 156.4 percent. The NPW to policyholders’ surplus ratio for RRGs through first quarter 2013 was 60.6 percent and indicates a diminishment over 2011, as this ratio was 56.7 percent. Please note that both of these amounts have been adjusted to reflect projected annual DPW and NPW based on first quarter 2013 results. An insurer’s DPW to surplus ratio is indicative of its policyholders’ surplus leverage on a direct basis, without consideration for the effect of reinsurance. An insurer’s NPW to surplus ratio is indicative of its policyholders’ surplus leverage on a net basis. An insurer relying heavily on reinsurance will have a large disparity in these two ratios.

$50 Underwriting Income $25

Investment Income Net Income

$0

‐$25 2009

2010

2011

2012

2013

million, an increase of $8.3 million over first quarter 2012. The loss ratio for RRGs collectively, as measured by losses and loss adjustment expenses incurred to net premiums earned, through first quarter 2013 was approximately 68.8 percent and is the same result as first quarter 2012. This ratio is a measure of an insurer’s underlying profitability on its book of business.

expense ratio, as measured by other The first quarter The underwriting expenses incurred to net results of RRGs premiums written, through first quarter was 18.6 percent and indicates a indicate that these 2013 slight improvement over first quarter specialty insurers 2012, as the expense ratio was reported at 19.7 percent. This ratio measurers continue to an insurer’s operational efficiency in exhibit financial underwriting its book of business. The combined ratio, loss ratio plus stability. expense ratio, through first quarter 2013

A DPW to surplus ratio in excess of 600 percent would subject an individual RRG to greater scrutiny during the financial review process. Likewise, a NPW to surplus ratio greater than 300 percent would subject an individual RRG to greater scrutiny. In certain cases, premium to surplus ratios in excess of those listed would be deemed appropriate if the RRG had demonstrated that a contributing factor to the higher ratio was relative improvement in rate adequacy. In regards to RRGs collectively, the ratios pertaining to premium written appear to be conservative. Income Statement Analysis The profitability of RRG operations remains positive (figure 2). RRGs reported an aggregate underwriting gain through first quarter 2013 of $3.6 million, an increase of $14.2 million over first quarter 2012, and a net investment gain of nearly $57.1 million, a decrease of $4.3 million over first quarter 2012. RRGs collectively reported net income of over $56.4

was 87.4 percent and is comparable to first quarter 2012, as the combined ratio was reported at 88.5 percent. This ratio measures an insurer’s overall underwriting profitability. A combined ratio of less than 100 Figure 3 - RRG Ratios at 3/31 100%

Combined Ratio

90%

Loss Ratio

Expense Ratio

80% 70% 60% 50% 40% 30% 20% 10% 0% 2009

2010

2011

2012

2013

®


Figure 4 - Key Ratios and Metrics - 3/31/13 No. of RRGs

Liquidity

Cash/ Losses & LAE Res.

Leverage

Losses & LAE Res./ PHS

DPW/ PHS*

NPW/ PHS*

Loss Ratio

Expense Ratio

Combined Ratio

Net Underwriting Gain (Loss)

Net Investment Gain (Loss)

Net Income (Loss)

Commercial Auto

19

90.3%

207.3%

175.4%

93.7%

158.2%

87.5%

73.9%

24.0%

97.9%

-$788K

$1.2M

-$297K

Medical Professional (Claims-made)

128

79.2%

228.8%

156.9%

86.6%

170.0%

79.5%

73.7%

15.0%

88.7%

-$2.3M

$32.5M

$30.2M

Medical Professional (Occurrence)

10

80.0%

168.6%

150.2%

111.3%

101.8%

53.0%

88.7%

12.4%

101.1%

-$601K

$3.9M

$3.0M

Other (Claims-made)

47

54.3%

358.1%

84.7%

43.6%

192.4%

37.4%

55.1%

20.8%

75.9%

$2.7M

$11.7M

$11.2M

Other (Occurrence)

38

73.9%

187.6%

169.2%

121.9%

54.1%

42.6%

56.1%

38.4%

94.5%

$4.8M

$7.6M

$12.1M

percent indicates an underwriting profit.

Jurisdictional Analysis

Regarding RRGs collectively, the ratios pertaining to income statement analysis appear to be appropriate. Moreover, these ratios have remained fairly stable each of the last five years and well within a profitable range (figure 3).

Much like insurers, it is typical for jurisdictions to compete for new business. Some of the factors that may impact an insurer’s decision to do business in a certain jurisdiction include minimum policyholders’ surplus requirements and the premium tax rate. RRGs have continued to report changes in DPW, on a jurisdictional basis, within a reasonable threshold (figure 6).

Analysis by Primary Lines of Business The financial ratios calculated based on first quarter results of the various primary lines of business appear to be reasonable (figure 4). Also, the RRGs have continued to report changes in DPW within a reasonable threshold (figure 5). It is typical for insurers’ financial ratios to fluctuate year over year. Moreover, none of the reported results are indicative of a continuing negative trend. Figure 5- Direct Premium Written by Lines of Business (000’s omitted) Line of Business Auto Phys Boiler & Machinery Comm'l Auto Liab Fidelity Med Prof Liab (Claims Made) Med Prof Liab (Occurrence) Oth Liab (Claims) Oth Liab (Occurrence) Other P&C Product Liab (Claims) Product Liab (Occ) Total

DPW 3/31/13 0 239 43,911 482 741,671 47,449 436,505 70,911 95 964 615 1,342,844

DPW 3/31/12 1,471 194 33,912 454 736,342 43,884 405,941 55,792 305 849 543 1,279,686

DPW 3/31/11 1,513 195 39,418 361 753,027 41,405 407,651 46,017 309 913 345 1,291,154

DPW 3/31/10 0 187 35,503 783 718,249 42,157 433,983 47,970 117 952 0 1,279,901

Conclusions Based on First Quarter 2013 Results Despite political and economic uncertainty, RRGs remain financially stable and continue to provide specialized coverage to their insureds. The financial ratios calculated based on the first quarter results of RRGs appear to be reasonable, keeping in mind that it is typical for insurers’ financial ratios to fluctuate over time. DPW 3/31/09 0 0 27,699 696 662,406 60,675 464,017 49,321 55 1,399 0 1,266,268

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The first quarter results of RRGs indicate that these specialty insurers continue to exhibit financial stability. It is important to note again that while RRGs have reported net underwriting gains and net profits, they have also continued to maintain adequate loss reserves while increasing premium written year over year. RRGs continue to exhibit a great deal of financial stability. Mr. Powell has nearly ten years of progressively responsible experience involving Property and Casualty insurers, Title underwriters, financial analysis and business consulting. He has previous work experience as an accountant and auditor in the not-forprofit and government sectors. He possesses extensive experience in monitoring, reviewing and assessing the financial stability of insurers. Since joining Demotech, Mr. Powell has been actively engaged in the Property and Casualty and Title insurance industries. Demotech produces many articles and studies throughout the year. Mr. Powell is instrumental in providing research, analysis and insight for these endeavors. Mr. Powell also acts as a liaison on behalf of Demotech and its clients in correspondence with various government agencies, insurance industry associations, insureds and the media. Email your questions or comments to Mr. Powell at dpowell@demotech.com.

®


Figure 6 - Direct Premium Written by State (000’s omitted)

State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming American Samoa Guam Puerto Rico U.S. Virgin Islands Northern Mariana Islands Canada Aggregate Other Alien Total

DPW 3/31/13 9,571 1,985 21,655 11,884 104,405 11,367 65,493 8,209 39,083 54,703 21,057 1,745 5,604 47,084 17,405 3,412 3,097 17,381 7,363 3,786 73,760 138,730 18,652 6,448 9,409 19,007 16,747 3,928 7,629 1,798 19,897 7,977 258,429 11,884 703 23,751 7,441 10,416 106,670 2,066 4,473 616 10,435 41,745 5,095 1,441 18,696 16,742 18,271 6,961 6,874 0 32 116 289 46 316 16,742 1,350,521

DPW 3/31/12 8,518 2,061 19,522 14,958 95,754 12,522 63,420 10,080 36,809 44,799 20,210 1,450 5,872 46,852 16,766 2,671 2,801 15,588 6,780 4,694 79,950 135,578 17,562 6,297 9,799 18,378 16,392 4,567 8,778 1,510 18,534 6,784 244,339 11,228 757 21,457 6,923 9,024 102,197 1,883 3,476 643 10,097 39,441 4,592 1,532 17,334 15,527 17,932 6,660 6,285 7 35 70 338 42 242 12,905 1,291,223

DPW 3/31/11 8,467 2,059 31,225 8,489 89,386 12,947 65,599 5,299 37,197 46,639 19,936 1,610 6,110 48,674 17,732 2,705 2,850 17,534 7,123 4,783 75,371 137,986 18,409 5,730 9,966 19,068 17,477 4,326 9,546 1,454 19,031 7,692 246,387 11,638 573 21,597 7,578 9,151 103,536 1,837 6,577 620 10,191 38,960 5,687 1,646 17,787 15,159 17,543 6,542 6,228 0 31 25 344 35 263 12,368 1,304,723

DPW 3/31/10 8,640 2,154 24,908 9,079 92,774 13,677 68,988 5,022 39,631 41,469 19,405 1,493 6,445 48,476 18,314 2,836 2,545 16,689 7,347 5,937 75,144 137,785 17,886 5,942 10,716 19,180 16,801 3,576 9,923 1,457 19,549 7,278 239,282 11,109 557 23,216 7,662 4,251 104,101 1,880 9,009 517 8,614 36,254 5,706 2,386 20,167 15,724 16,331 6,450 5,284 0 30 86 351 36 152 13,138 1,293,361

DPW 3/31/09 8,299 2,390 19,111 7,407 93,621 13,368 69,527 6,299 41,948 41,591 21,017 1,388 9,039 52,644 16,091 2,584 3,396 18,399 6,918 5,745 72,188 137,042 17,968 5,023 10,855 20,307 14,405 2,844 9,626 1,648 19,567 5,976 225,606 10,484 558 24,393 7,790 3,833 102,921 1,937 8,990 522 9,128 43,424 5,384 1,936 20,199 16,137 12,681 6,838 4,437 0 31 95 363 36 131 13,896 1,279,980

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Risk Retention Reporter and Demotech Partner to Release Supplemental Publication

Special Announcement

By Douglas A Powell | Senior Financial Analyst, Demotech, Inc.

The Risk Retention Reporter (RRR) and Demotech, Inc. have partnered to create an in-depth analysis of the risk retention group (RRG) marketplace to be published in conjunction with the Risk Retention Reporter’s annual book, the Risk Retention Group Directory and Guide. The Market Analysis and Financial Stability Supplement will be available as a supplement to the 2013 edition of the Risk Retention Group Directory and Guide. The supplement will review the state of the RRG marketplace in the context of trends that developed from 2008 through 2012. “As risk retention groups have grown into a major alternative to traditional insurance, with more than 250 companies generating over $2.5 billion of revenue, there is increasing demand for data and analysis of the sector’s marketplace impact and financial strength. Our new report draws upon Demotech’s extensive expertise and long experience in rating RRGs combined with the Risk Retention Reporter’s in-depth reporting on industry trends,” said James Cutts, publisher of the Risk Retention Reporter and the Risk Retention Group Directory and Guide. Joseph Petrelli, President of Demotech, added, “This Supplement will help risk retention groups make informed decisions and give those working in the risk retention group marketplace detailed data on industry trends. It will become an important resource for RRGs and industry analysts that want to remain leaders.”

The Supplement will have four sections:  Section I – A review of trends by business area in the RRG marketplace focusing on 2012 financial information in the context of the prior five years of data.  Section II – A review of financial stability data from 2008 through 2012.  Section III – An in-depth look at the RRG marketplace by business area, including trends in premium, policyholder count and the financial stability of each sector.  Section IV – Financial data for individual RRGs with a comparison to industry benchmarks. Karrie Hyatt, Editor of Risk Retention Reporter, managed the project and Powell provided financial data and analysis. The Market Analysis and Financial Stability Supplement will be included as a companion to the Risk Retention Group Directory and Guide. The CD-Rom version will contain files for both the Directory and Supplement on a single disc. The price for either the printed books or the CD-Rom is $445. Pre-orders can be placed online at www.rrr.com/order.

The Supplement will add to Demotech’s quarterly analysis, Analysis of Risk Retention Groups. “We are delighted to have partnered with the Risk Retention Reporter to publish this new resource,” said Douglas Powell, Senior Financial Analyst. “Combining Demotech’s analytical capabilities and the RRR’s long-history of covering the industry will provide the ingredients for a robust companion publication. In fact, we believe this Supplement will become an essential reference for anyone working in the risk retention group marketplace.”

Zap this to jump to the Risk Retention Reporter’s online order form and order your copy of the 2013 Edition of the Risk Retention Group Directory and Guide. The Market Analysis and Financial Stability Supplement is included in the purchase price.

Demotech Levels the Playing Field for Risk Retention Groups Financial Stability Ratings® look beyond the size of an insurer to evaluate stability based on insurance fundamentals. Financial Stability Ratings® offer:

• Acceptance by Fannie Mae, Freddie Mac and HUD • Elimination of Reinsurance Cut-Throughs • Access to Stand-Alone Umbrella Insurance • Premium Financing • Errors and Omissions Insolvency Gap Coverage.

Visit www.demotech.com/FSRBenefits for more information.

®


Affiliate Relationships Common in Reinsuring RRGs 2012 Update

Special Report

RRG Reinsurance

By Rachel Wilkins | Analyst, Demotech, Inc. In considering a reinsurer, an RRG should evaluate how the relationship will affect various aspects of its business. As it pertains to underwriting, reinsurance is used to increase the RRG’s underwriting capacity, stabilize underwriting results and reduce risk. As it relates to capital, reinsurance is used to protect capital and finance growth. Additionally, reinsurance can be used by an RRG to enter or exit a geographic area or line of business. The primary function of reinsurance is to increase the RRG’s capacity to accept larger risk exposures. An RRG achieves this either by ceding a portion of every risk it writes or by transferring risks for losses in excess of a predetermined amount. By ceding premium to a reinsurer, the RRG is leveraging its underwriting capacity. Detailed below, are the companies that assumed the ten highest amounts of premium from RRGs in the year ended December 31, 2012. Attorneys’ Liability Assurance Society Ltd. had the highest amount of premium assumed from a RRGs, with almost $285 million assumed. They have an affiliated arrangement, which is common, as do seven of the top ten RRG reinsurers for the year ended 2012.

Reinsurer Attorneys’ Liability Assurance Society (Bermuda) Ltd. Medical Centre Insurance Company Ltd. Controlled Risk Insurance Company Limited American Safety Reinsurance, Ltd. Five Pointe Professional Liability Insurance Company Quaker Insurance Company Limited Transatlantic Reinsurance Company Universal Reinsurance Company Limited American Contractors Insurance Group Limited Lloyd’s of London

2012 # of RRGs Premium Reinsured Assumed

American Contractors Insurance Group Limited Originally formed in 1981 as American Risk Transfer Insurance Company Ltd., American Contractors Insurance Group Limited (ACIG) provides services and insurance such as workers compensation, general liability and subcontractor/supplier default exposures to the construction industry. ACIG is an insurance group started by three construction companies, with the goal of reducing the cost of risk and insurance for its members. ACIG is a Bermuda based corporation that assumed over $32 million in direct premium from RRGs for the year 2012, in ninth overall. ACIG is currently licensed in 49 states as well as the District of Columbia and provides services and policies for its members and related parties.

(000s omitted) 2011 2010 2009 Premium Premium Premium Assumed Assumed Assumed

2008 Premium Assumed

1

284,926

283,280

248,997

284,715

375,607

1

124,512

130,942

170,958

225,923

224,391

1

99,323

101,319

99,645

99,518

94,971

31

54,690

10,977

14,880

13,912

15,167

1

51,365

52,635

52,088

63,460

65,025

1

41,769

40,107

37,810

35,113

33,161

30

35,128

28,858

27,815

32,970

17,643

1

35,032

34,814

33,279

26,707

26,085

1

32,239

23,832

23,383

15,948

23,891

12

25,238

25,248

28,905

32,586

19,576

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American Safety Reinsurance Limited

Medical Centre Insurance Company Limited

American Safety Reinsurance Limited (ASRE) had the fourth highest amount of premium assumed from RRGs in 2012, with almost $55 million assumed from thirty-one different RRGs. There was limited public information available regarding ASRE.

The Medical Centre Insurance Company Limited (MCIC Ltd.) was established on July 1, 1978 in Bermuda. MCIC Ltd. is affiliated with MCIC Vermont, Inc. (A Risk Retention Group), a specialty insurance company that provides coverage to its shareholders, as well as their affiliates, employees and physicians.

Attorneys’ Liability Assurance Society, Limited The company with the highest amount of premium assumed in 2012, Attorneys’ Liability Assurance Society, Limited (ALAS Ltd.), was founded when 35 law firms pooled $1 million in capital in October of 1979. ALAS Ltd. is owned by its member firms. They have a wholly owned subsidiary domiciled in Vermont, Attorneys’ Liability Assurance Society, Inc., A Risk Retention Group (ALAS, Inc.), which was formed to act as the primary insurance company for ALAS Ltd. ALAS, Inc. was incorporated in October of 1987 and converted to an RRG in 1996.

MCIC Limited was the reinsurer with the second highest amount of premium assumed in 2012, with over $124 million from MCIC Vermont, Inc. (an RRG). MCIC Vermont, Inc. generates nearly $300 million of written annually, insuring over 12,000 physicians, 50,000 employees, its shareholders and their affiliates, including over 16 hospitals and 375 individual locations in seven states. Quaker Insurance Company Limited

At the end of November 2012, ALAS Ltd.’s assets totaled over $2.4 billion and the members’ equity was $690 million. In 2012, they assumed nearly $285 million in premium from their affiliated RRG, ALAS, Inc.

Quaker Insurance Company Limited is a Bermuda based company, affiliated with Franklin Casualty Insurance Company (A Risk Retention Group) in Vermont. Both of these companies have the ultimate parent Trustees of the University of Pennsylvania. Limited information was available about Quaker Insurance Company Limited, which had the sixth highest amount of premium assumed from RRGs in 2012, with almost $42 million total assumed.

Controlled Risk Insurance Company, Limited

Transatlantic Reinsurance Company

The Harvard Medical Institutions (HMIs) formed Controlled Risk Insurance Company, Limited (CRICO, Ltd.) in 1976, driven by a lack of insurance availability. CRICO, Ltd. is domiciled in the Cayman Islands and provides reinsurance for their affiliate, Controlled Risk Insurance Company of Vermont, Inc. (an RRG), which provides primary insurance coverage.

Licensed or authorized as a reinsurer in all 50 states, the District of Columbia, Puerto Rico and Guam, Transatlantic Reinsurance Company (TRC) had the seventh highest amount of assumed premium in the year 2012. By providing reinsurance to thirty RRGs, TRC assumed over $35 million in premium.

In 2012, CRICO, Ltd. assumed nearly $100 million in premium from the Controlled Risk Insurance Company of Vermont, Inc. Together, CRICO, Ltd. and CRICO of Vermont, Inc. provide their members with medical professional liability coverage, claims management and patient safety resources. Five Pointe Professional Liability Insurance Company Five Pointe Professional Liability Insurance Company was domiciled in the Cayman Islands until 2007, when they relocated to Wilmington, Delaware as a captive insurance company. They assumed over $51 million in premium in 2012 from one RRG, Mountain Laurel Risk Retention Group, Inc., which reinsures 100 percent of their medical malpractice and defense expense risks. Five Pointe is managed by March Captive Management.

TRC has many international locations and operations worldwide including Bermuda, Canada, Europe, Central and South America, Asia, Australia and Africa. Universal Reinsurance Company Limited An international reinsurer, Universal Reinsurance Company, Limited assumed $35 million in premium from Health Care Industry Liability Reciprocal Insurance Company, an RRG in Michigan. Universal Reinsurance Company had the eighth highest amount of premium assumed from RRGs in 2012. Ms. Wilkins is an Analyst with Demotech, Inc. Email your questions or comments to Ms. Wilkins at rwilkins@demotech.com. Visit www. demotech.com for more information about Demotech or Financial Stability Ratings®.

Lloyd’s of London Lloyd’s of London had the tenth highest assumed premium from RRGs in 2012. Lloyd’s assumed premium from twelve different RRGs, totaling over $25 million. Lloyd’s is over 300 years old and has business in over two-hundred different countries and territories across the globe. Zap this to discover the benefits of finalizing a Financial Stability Rating®.

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A Purpose Driven Portfolio - Part 3

Industry Perspective

By Josh Magden | Vice President of Insurance and Institutional Marketing, Sage Advisory Services Last quarter we discussed several tenets of insurance portfolio management, in particular the risk-based capital standards that are both prudent and generally required by regulators. In many cases, risk retention groups (RRGs) abide by the same regulatory framework as general carriers in their state of domicile, meaning a more prescribed range of investments than applies to some of their self-insured brethren such as single parent captives. The deployment of an insurance entity’s economic capital affects all aspects of its business operation, and the decision-making must take into account various risks. Financial risks surrounding the investment portfolio include credit, duration, default, credit spread, liquidity, currency and interest rate risk. Non-financial risks include items such as underwriting, expense and reserving risk – which themselves all have clear, if at the time unknown, future financial costs.

Sage Advisory Services

Intuitively then, in this environment an RRG may be inclined to allocate more of its portfolio towards corporates because of the low yields in the Treasury/Agency segments. In so doing, an RRG should be aware that the volume of issuance today is skewing towards lower-rated credits. Corporate issuance hit $1.4 trillion in 2012, and high yield new issuance (credits rated lower than the BBB category) was $329 billion of that total, up from $43 billion in 2008 amidst the financial crisis. Moreover, trading activity – an indication of what is available for purchase in the market – is also up in the A and BBB segments (the lower half of the investment grade universe) as shown in SIFMA data. The takehome is that not only are there a greater number of lower-rated corporate credits being issued, but the availability from day to day of fixed income credits as measured by trading volume reflects the same trend. Indeed, according to Morningstar data, the average intermediate core bond fund now holds 36 percent in BBB credits versus 22 percent just five years ago. Investors are hungry for yield, and lower-rated issuers are willing to oblige as they themselves seek to take advantage of low rates.

RRG portfolios must be built primarily of fixed income components that conform to defined regulatory guidelines...aggregate 2012 P&C industry data indicates that asset allocation is made up of 74 percent fixed income components.

Of the aforementioned financial risks, interest rate risk – specifically rising rates – are a concern to most fixed income investors, yet there appears to be little evidence that rates will rise in the near-term and inflation indicators have been subdued. There are areas where insurers need to pay attention, however, and one important area in today’s market is credit risk. As mentioned, RRG portfolios must be built primarily of fixed income components that conform to defined regulatory guidelines. Indeed, aggregate 2012 P&C industry data from SNL Financial indicates that asset allocation breaks down to roughly 74 percent fixed income, 11 percent equity, 2 percent preferreds, 9 percent cash and 4 percent other. An RRG’s portfolio is often oriented around fixed income segments such as corporate credit, Treasuries and Agencies. (While mortgage-backed securities offer good opportunities for insurance portfolios, they are often avoided due to seeming complexity, a topic for a future column.) Thus it may be presumed more likely that RRGs will first look for additional yield within the asset classes and segments of the fixed income market that are familiar to them.

Yet, yields on five, ten and 30 year Treasuries were hovering around 0.70 percent, 1.72 percent and 2.90 percent at mid-April 2013. Current interest rates on government agency debt from Fannie Mae, Freddie Mac and the Federal Home Loan Bank are equally paltry. To be sure, there are still some insurance portfolios today built in 2008 “bunker mentality” fashion and comprised primarily of short Treasuries. There may be less risk of capital volatility for such a portfolio, but it puts tremendous pressure on the other areas of the economic capital structure, most of it probably falling on premiums.

For an RRG, the word of caution is to pay attention to the portfolio even in territory as seemingly familiar as corporate debt. Credit risk persists, and a portfolio’s liquidity should remain a foremost concern. In a bond market that is providing more opportunity to buy lower-rated credits than it ever has historically, an insurer must stay vigilant about the overall credit quality of its portfolio. Markets have proven themselves to move quickly over the past few years, and volatility can be more pronounced. For a fixed income portfolio that has drifted into lower rated credits in search of yield, this can lead to more rapid risk-based capital erosion, and that becomes a dinner party at which one is at risk of being on the menu rather than simply having a seat at the table.

Mr. Magden serves as Vice President of Insurance & Institutional Marketing at Sage Advisory Services, working with clients including insurance entities, public agencies and nonprofits on mission and liability-driven portfolio solutions. Prior to joining Sage, he was a First Vice President with George K. Baum & Company, where he spent a year on the firm’s trading desk and seven years as a banker structuring bond issues. Email your questions or comments to Mr. Magden at jmagden@sageadvisory.com. Visit www.sageadvisory.com for more information about Sage Advisory Services.

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Liability of Risk Retention Group Members By W. Burke Coleman, Esq. | Legal Counsel and Compliance Manger, Demotech, Inc. Although RRGs offer a number of benefits to their members, their unique structure has caused uneasiness regarding the liability of individual RRG members. Many members and prospective members of RRGs are apprehensive about the individual liability that may come with insuring with an RRG, as some industry participants and commentators have indicated that the ownership structure of RRGs exposes members to joint and several liability or makes them assessable. However, the notion that RRGs are all assessable or subject to joint and several liability is not supported by law, as such liability determinations depend on factors wholly independent of the group’s status as an RRG. The liability of RRG members does not stem from the LRRA,1 but rather from the RRG’s structure, state law and contractual obligations. Questions of member liability come primarily from the unique status of RRGs as an alternative risk transfer entity created by federal law. The LRRA requires RRGs to have “as its owners only persons who comprise the membership of the risk retention group and who are provided insurance by such group.”2 This provision is presumably the source of confusion regarding member liability. While the section limits RRGs in certain respects— precluding access to equity markets and restricting the ability to raise capital outside of the RRG members—it does not mandate assessable policies or joint and several liability for group members. RRGs rely on their members for initial capital contributions and could turn to its members for future capital needs, although other avenues are also available. While voluntary capital contributions may be requested, assessable policies and extended liability are not necessary elements of RRGs. The LRRA does not directly impose liability requirements on RRG members and is silent regarding joint and several liability and assessable policies; however, a few provisions of the LRRA guide the analysis of member liability. First, the LRRA requires RRGs to be domiciled in a home state, which retains regulatory control over the insurer, but the law allows the groups to freely conduct business in all fifty states while remaining largely exempt from the regulations of non-domiciliary states. Under the Act, RRGs must be chartered as a liability insurance company under the laws of a state.3 The RRG may charter as any acceptable form of liability insurer, including as a stock, mutual, or reciprocal insurance company. It is this form that most directly determines the liability characteristics of the group rather than the group’s status as an RRG. If the RRG forms as a stock insurer that issues nonassessable policies, the members will not be assessable. If the RRG forms as a reciprocal, the member may be assessable and retain contingent liability for a portion of the group’s losses pursuant to state law and the subscriber agreement. The determination depends on the chartering state’s law regarding the specific insurance structure assumed by the RRG and the accompanying contractual obligations—not the LRRA. In addition, RRGs must be formed as a corporation or limited liability association.4 The corporate structure of the RRG may provide additional protections to the individual members. RRGs that incorporate or register as limited liability corporations enjoy the protections of state corporate law. A foundational principle of corporate law is that the formation of a corporation creates a legal entity separate from the entity’s individual owners. The liabilities of a corporation are distinct from the liabilities of its shareholders and do not become their personal obligations. The shareholder’s exposure is generally limited to its equity in the corporation. In the case of an RRG assuming a corporate form, each member has risked capital to support the group, but its assets are not at risk beyond its capital contribution (except as may be modified by contract). In rare circumstances, a court may deem it appropriate to “pierce the corporate veil” by reaching through the corporate structure and imposing personal

Legal Perspective

Demotech, Inc.

liability on the shareholders. This is an infrequent and disfavored occurrence. Courts typically look at a number of factors to determine if it is appropriate to pierce the corporate veil, including whether corporate formalities have been followed and whether the corporation was adequately capitalized. This liability is not unique to RRGs and is an exposure faced by all corporations, but undercapitalization may be of primary concern in the case of an RRG. One commentator has suggested that members of RRGs may be vulnerable to additional liability under this theory of piercing the corporate veil, particularly relating to the adequacy of capitalization.5 RRGs that are adequately capitalized and compliant with state law will generally enjoy the protections provided to corporations and shareholders will be insulated from corporate liabilities. These corporate protections can be contractually modified and shareholders are generally free to assume additional liability. For example, as mentioned above, should an RRG structure itself as an assessable insurer or contractually agree to joint and several liability, then the members may be exposed to additional liability. Also, reciprocal insurers, as unincorporated associations formed under state insurance law, do not enjoy the same corporate protections. However, reciprocal insurers still constitute an entity separate from its subscribers and attorney-in-fact. Liability is determined under the state’s insurance law and the subscriber agreement, which often limit the extent of liability.6 Ultimately, it is the chartering form, corporate structure, state law, and contractual obligations that determine the extent of liability for RRG members—not the LRRA or the group’s status as an RRG. All RRGs are not necessarily assessable and all members of RRGs are not necessarily subject to joint and several liability. Notably, however, RRGs may not participate in state guaranty funds.7 In the event of an insolvency, insureds and third-party claimants have no reassurance of any state-backed fund to cover their claims and may seek payment only from the RRG or the individual insured. This limitation does not expose individual members of an RRG to the group’s losses but would leave each member responsible for its own liabilities and claims. Members and managers of RRGs should understand the RRG’s structure and the potential liabilities associated with that structure. The RRG designation itself does not impart any group liabilities on RRG members, as any exposure is the product of the insurance structure, corporate form, and contractual obligations assumed by the members. Footnotes 1 – Liability Risk Retention Act of 1986 (LRRA), 15 U.S.C. § 3901 et seq. 2 – 15 U.S.C. § 3901(a)(4)(E) 3 – 15 U.S.C. § 3901(a)(4)(C) 4 – 15 U.S.C. § 3901(a)(4) 5 – Maureen Sanders, Risk Retention Groups: Who’s Sorry Now?, 17 S. Ill. U. L. J. 531 (1993). 6 – See, e.g., 8 Vermont Statutes Annotated § 4848-4853 (outlining subscriber liability as “individual, several and proportionate liability, not joint…”; providing for “contingent assessment liability, in the amount provided for in the power of attorney or in the subscribers’ agreement…[but] at the rate of not less than one nor more than 10 times the premium or premium deposit stated in the policy…”; and further detailing assessment and liability obligations. 7 – 15 U.S.C. § 3902(a)(2)

Since joining Demotech, Mr. Coleman has focused on supporting the advancement of the organization’s business interests, as well as providing counsel on all legal issues and compliance matters. Mr. Coleman also supports Demotech’s client companies by providing insight into legal and regulatory developments affecting the insurance industry. He is a member in good standing of the Ohio State Bar Association and the Columbus Bar Association. Email your questions or comments to Mr. Coleman at bcoleman@demotech.com.

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Risk Retention Groups Listing of RRGs


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

12934 ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

GROUP

Statement Contact TESS J. COUTURE

Phone (802) 264-4586

12166 ADVANCED PHYSICIANS INS RRG INC Statement Contact ED CALDWELL

Phone (802) 864-6301

13606 AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP Statement Contact RICK O'BRIEN

Phone (702) 938-3175

28380 AGRI INSURANCE EXCHANGE RRG Statement Contact KEVIN MANDEVILLE

Phone (317) 541-1800

Phone (515) 254-0400

NV

Primary Line of Business Other Liability (Claims-made)

Domiciled

IN

Primary Line of Business Other Liability (Occurrence)

Domiciled

HI

Primary Line of Business Commercial Auto Liability

Domiciled

VT

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

AZ

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

SC

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

AZ

Primary Line of Business Other Liability (Occurrence)

Domiciled

MT

Primary Line of Business Commercial Auto Liability

Domiciled

TX

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

VT

Primary Line of Business Other Liability (Occurrence)

Domiciled

IA

Primary Line of Business Commercial Auto Liability

Domiciled

SC

Domiciled

VT

Domiciled

MT

100 GALLERIA PARKWAY, SE, SUITE 700, ATLANTA, GA 30339-5947 Phone (770) 485-4423

11534 AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG Statement Contact PATRICIA LORRAINE MALONEY

Primary Line of Business Other Liability (Occurrence)

1605 MAIN STREET, SUIT 800, SARASOTA, FL 34236-5840 Phone (941) 955-0793

25448 AMERICAN SAFETY RRG INC Statement Contact MATTHEW ROBERT POLLAK

Domiciled

1707 VILLAGE CENTER CIRCLE, SUITE 100, LAS VEGAS, NV 89134-0515

4685 MERLE HAY ROAD, SUITE 200, DES MOINES, IA 50322-1982

11590 AMERICAN FOREST CASUALTY COMPANY RRG Statement Contact TERESA MARIE MATTHEWS

VT

12544 HIGH BLUFF DRIVE, SUITE 430, SAN DIEGO, CA 92130-3052 Phone (802) 863-4400

44202 AMERICAN FEED INDUSTRY INS CO RRG Statement Contact SUSAN P. TINGLEFF

Primary Line of Business Medical Professional Liability (Claims-made)

12222 MERIT DRIVE, SUITE 1660, DALLAS, TX 75251-3212 Phone (800) 563-6051

10903 AMERICAN EXCESS INS EXCHANGE RRG Statement Contact KATHRYN MICHENER BOUCHE

Domiciled

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

27 NORTH 27TH STREET, SUITE 1900, CROWNE PLAZA, BILLINGS, MT Phone 800-226-0793

12300 AMERICAN CONTRACTORS INS CO RRG Statement Contact AMANDA CHORN

DC

15615 NORTH 71ST STREET, SUITE 103, SCOTTSDALE, AZ 85254-2150 Phone (802) 371-2229

12631 AMERICAN BUILDERS INSURANCE COMPANY RRG, INC. Statement Contact KATIE GRAY

Domiciled

BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384 Phone (877) 872-7475

10232 AMERICAN ASSOC OF OTHODONTISTS RRG Statement Contact REBECCA J. AITCHISON

Primary Line of Business Other Liability (Claims-made)

1100 W. TOWN & COUNTRY RD., STE. 1400, ORANGE, CA US Phone 714-571-1864

12013 ALLIED SERVICES RISK RETENTION GROUP Statement Contact LEN T. LOGAN

AZ

2386 AIRPORT ROAD BARRE, VT 05641-8629 Phone (802) 371-2227

11710 ALLIED PROFESSIONALS INSURANCE COMPANY, RRG Statement Contact DOUGLAS JOSEPH HAUSER

Domiciled

745 FORT STREET, SUITE 1100, HONOLULU, HI 96813-3800 Phone (808) 585-3526

10023 ALLIANCE OF NONPROFITS FOR INS RRG Statement Contact CINDY L. LYFORD

Primary Line of Business Other Liability (Occurrence)

5825 LAWTON LOOP EAST DRIVE INDIANAPOLIS, IN 46216-1064

11965 ALLEGIANT INS CO INC A RRG Statement Contact MARK HIRONAGA

VT

555 FAIRMOUNT AVENUE, BALTIMORE, MD Phone 410-339-7263-1

13677 AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP Statement Contact JAY E. CURTIS

Domiciled

2700 NORTH THIRD STREET, SUITE 3050, PHOENIX, AZ 85004-4620 Phone (602) 200-6900

12252 AEGIS HEALTHCARE RRG, INC. Statement Contact BARBARA LABUSKES

Primary Line of Business Medical Professional Liability (Claims-made)

Phone 406-523-3908

Primary Line of Business Other Liability (Occurrence)

111 NORTH HIGGINS, FOURTH FLOOR, MISSOULA, MT US Primary Line of Business Commercial Auto Liability

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

12171 AMERIGUARD RRG INC Statement Contact MATTHEW A. GRIFFES

2386 AIRPORT ROAD BARRE, VT 05641-8629 Phone (802) 371-2217

11598 APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC. Statement Contact LEE MILIZIA

Phone (602) 263-6755 Phone (502) 244-1343

12224 ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC. Statement Contact MATT WATSON

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

AZ

Primary Line of Business Other Liability (Claims-made)

Domiciled

DE

Domiciled

NV

Domiciled

KY

Domiciled

SC

Domiciled

NV

Domiciled

DC

Domiciled

HI

Domiciled

VT

1325 AIRMOTIVE WAY, SUITE 100, RENO, NV 89502-3294

13580 ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP Statement Contact SUSAN LEDFORD

VT

2056 WESTINGS AVENUE, SUITE 20, NAPERVILLE, IL 60563-2495 Phone (800) 437-2342

13177 ARCOA RISK RETENTION GROUP, INC. Statement Contact MICHELLE RENEE TRIMBLE

Domiciled

2555 E. CAMELBACK RD., PHOENIX, AZ Phone 623-427-3208

44148 ARCHITECTS & ENGINEERS INS CO RRG Statement Contact MICHAEL T. IANNOTTI

Primary Line of Business Commercial Auto Liability

Phone (843) 853-0446

14425 ASSOCIATION OF CERTIFIED MORTGAGE ORIGINATORS RISK RETENTION GROUP,

Primary Line of Business Commercial Auto Liability

1700 EASTPOINT PARKWAY LOUISVILLE, KY 40223-4140 Primary Line of Business Boiler and Machinery

177 MEETING STREET, SUITE 470, CHARLESTON, SC 29401-3160 Primary Line of Business Other Liability (Occurrence)

9550 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-8042

INC.

Statement Contact LINDA VILLANI

Phone (941) 373-1116

33677 ATTORNEYS INS MUTUAL OF ALABAMA INC Statement Contact MELANIE T. DIXON

200 INVERNESS PARKWAY BIRMINGHAM, AL 35242-4813 Phone (205) 980-0009

22670 ATTORNEYS INSURANCE MUTUAL RRG INC Statement Contact KAREN M. VENNER

Phone (406) 523-3873

10174 BAR VERMONT RISK RETENTION GROUP INC Statement Contact JAMES E. SALTER

Phone (212) 915-8498 Phone (800) 226-0793

13010 BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP Statement Contact MICHAEL T. ROGERS

Phone (702) 678-6868

13788 BROADLINE RISK RETENTION GROUP, INC. Statement Contact MELISSA H. LAROSE

MT

Primary Line of Business Other Liability (Claims-made)

Domiciled

DC

Domiciled

MT

Domiciled

VT

Domiciled

VT

Domiciled

NV

Domiciled

NV

Domiciled

VT

111 NORTH HIGGINS AVENUE, SUITE 200, MISSOULA, MT 59802-4401 Primary Line of Business Product Liability (Occurrence) Primary Line of Business Other Liability (Claims-made)

40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492

14169 BEST CARE INSURANCE COMPANY RISK RETENTION GROUP, INC. Statement Contact ANDREW CARLTON

Domiciled

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 Phone (802) 264-4718

12933 BEDFORD PHYSICIANS RISK RETENTION GROUP, INC. Statement Contact ALICIA M. RUBALCABA

Primary Line of Business Other Liability (Claims-made)

1050 K STREET, NW, SUITE 400, WASHINGTON, DC 20001-4448 Phone (260) 486-0418

13791 AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC. Statement Contact DANIEL JOHN SEMAN

Primary Line of Business Other Liability (Claims-made)

FLORENCE BUILDING, 111 NORTH HIGGINS AVENUE, SUITE 200, MISSOULA, MT 59802-4401 Phone (406) 728-3113

13795 ATTPRO RRG RECIPROCAL RISK RETENTION GROUP Statement Contact GARRETT JAMES DAVENPORT

Primary Line of Business Other Liability (Claims-made)

311 SOUTH WACKER DRIVE, SUITE 5700, CHICAGO, IL 60606-6629 Phone (312) 697-6950

32450 ATTORNEYS LIAB PROTECTION SOC RRG Statement Contact MARY PATRICIA NORDHAGEN

Primary Line of Business Other Liability (Claims-made)

140 KENNEDY DRIVE SOUTH BURLINGTON, VT 05403-6710 Phone (802) 651-3377

10639 ATTORNEYS LIAB ASSUR SOCIETY INC RRG Statement Contact KEITH RUSSELL CRAVEN

Primary Line of Business Other Liability (Claims-made)

Primary Line of Business Medical Professional Liability (Claims-made)

1605 MAIN STREET, SUITE 800, SARASOTA, FL 34236-5823 Primary Line of Business Medical Professional Liability (Claims-made)

9550 SOUTH EASTERN AVENUE LAS VEGAS, NV 89123-8038 Primary Line of Business Other Liability (Occurrence)

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-1716

Primary Line of Business Medical Professional Liability (Claims-made)

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

44504 CALIFORNIA HEALTHCARE INS CO INC RRG Statement Contact JEFFREY DUECK

9229 SIERRA COLLEGE BOULEVARD ROSEVILLE, CA 95661-5919 Phone (916) 772-5110

12180 CALIFORNIA MEDICAL GRP INS CO RRG Statement Contact MATTHEW D. R. TAKAMINE

Phone (802) 371-2251

Phone (847) 549-8225

10808 CASSATT RISK RETENTION GROUP INC Statement Contact SCOTT ANDREW MAILLE

Phone (406) 523-3873

11694 CENTRAL PA PHYSICIANS RRG INC Statement Contact MATT WATSON

Phone (843) 853-0446

MT

Domiciled

DC

Domiciled

VT

Domiciled

MT

Domiciled

SC

Domiciled

AZ

Domiciled

AZ

Domiciled

VT

Domiciled

AZ

Domiciled

VT

Domiciled

VT

Domiciled

SC

Domiciled

HI

Domiciled

DC

1850 WEST WINCHESTER ROAD, SUITE 109, LIBERTYVILLE, IL 60048-5355 Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made)

111 NORTH HIGGINS AVENUE, SUITE 200, MISSOULA, MT 59802-4401 Primary Line of Business Other Liability (Occurrence) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Other Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Commercial Auto Liability Primary Line of Business Other Liability (Claims-made) Primary Line of Business Medical Professional Liability (Occurrence)

1003 BISHOP STREET, SUITE 1220, HONOLULU, HI 96813-6436 Phone (808) 521-0730

13756 CMIC RISK RETENTION GROUP Statement Contact SCOTT C. STONE

Domiciled

151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238 Phone (843) 577-1034

43770 CLINIC MUTUAL INSURANCE CO RRG Statement Contact JASON L. PALMER

Primary Line of Business

2386 AIRPORT ROAD BARRE, VT 05641-8629 Phone (802) 371-2275

11992 CLARIAN HLTH RRG INC Statement Contact TONIA A. EPPS

SC

58 EAST VIEW LANE, SUITE TWO, BARRE, VT 05641-5324 Phone (802) 479-7803

12172 CLAIM PROFESSIONALS LIAB INS CO RRG Statement Contact RAMON ROBERT RAMOS V

Domiciled

18835 N. THOMPSON PEAK PARKWAY, SUITE 220, SCOTTSDALE, AZ Phone 480-682-4983-

11839 CIRCLE STAR INS CO RRG Statement Contact RENEE LAGUE

Primary Line of Business Medical Professional Liability (Claims-made)

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-1717

14388 CHEROKEE GUARANTEE COMPANY INC., RRG Statement Contact ANDREW SCOTT MARSON

DC

15255 N. 40TH STREET, SUITE 109, PHOENIX, AZ US Phone 602-952-9532-

11531 CHC CAS RRG Statement Contact AMY L. DAIGLE

Domiciled

2700 N. THIRD STREET, SUITE 3050, PHOENIX, AZ Phone 800-226-0793

12167 CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG Statement Contact R&Q QUEST MANAGEMENT SE

Primary Line of Business Medical Professional Liability (Claims-made)

177 MEETING STREET, SUITE 470, CHARLESTON, SC 29401-3160

11976 CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC. Statement Contact GEMMA AGUSTIN TUANQUI

AZ

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 Phone (802) 264-4711

13784 CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP Statement Contact DANIEL JOHN SEMAN

Domiciled

2500 WESTCHESTER AVENUE, FOURTH FLOOR, PURCHASE, NY 10577-2540 Phone

12373 CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP Statement Contact CHAD CURTIS SWIGERT

Primary Line of Business Medical Professional Liability (Claims-made)

BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384

15089 CARENEXT RISK RETENTION GROUP, INC. Statement Contact

HI

2233 WISCONSIN AVE, N.W., SUITE 310, WASHINGTON, DC Phone 802-479-7801

11544 CAREGIVERS UNITED LIAB INS CO RRG Statement Contact KIM CONNELLY BLOOMER

Domiciled

2999 NORTH 44TH STREET, SUITE 550, PHOENIX, AZ 85018-7295 Phone (808) 526-2900

11825 CARE RRG, INC. Statement Contact CHARLES HALSTEAD-JOHNSO

Primary Line of Business Medical Professional Liability (Claims-made)

Primary Line of Business Medical Professional Liability (Claims-made)

2386 AIRPORT ROAD BARRE, VT 05641-8629 Phone (802) 371-2231

Primary Line of Business Medical Professional Liability (Claims-made)

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

11668 COASTAL INS RRG INC Statement Contact JOHN MARK KILLINGSWORTH

509 OLIVER ROAD MONTGOMERY, AL 36117-2207 Phone (334) 271-5515

44598 COLLEGE LIABILITY INS CO A RECIP RRG Statement Contact TONI KANEHIRA

Phone (802) 864-2751

Phone (412) 212-3476

Phone (303) 469-8450

14906 COPIC, A RISK RETENTION GROUP Statement Contact

Phone

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

SC

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

IN

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

VT

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

VT

Primary Line of Business Other Liability (Occurrence)

Domiciled

VT

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

SC

Primary Line of Business Other Liability (Occurrence)

Domiciled

HI

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

VT

Domiciled

HI

Domiciled

DC

Domiciled

DC

Domiciled

VT

333 SOUTH HOPE STREET, EIGHTH FLOOR, LOS ANGELES, CA 90071-3001 Primary Line of Business Other Liability (Claims-made) Primary Line of Business Primary Line of Business Medical Professional Liability (Claims-made)

4923 NORTHWEST 43RD STREET, SUITE C, GAINESVILLE, FL 32606-4460 Phone (802) 264-2060

13720 CROSSFIT RISK RETENTION GROUP, INC. Statement Contact TONY JAMES SCHMIDT

VT

101 ARCH STREET BOSTON, MA 02110-1129 Phone (617) 330-1755

10164 CPA MUTUAL INS CO OF AMERICA RRG Statement Contact DAVID D. GUERINO

Domiciled

2386 AIRPORT ROAD BARRE, VT 05641-8629

14160 COVERYS RRG, INC. Statement Contact CAROL LOUISE HICKMAN

Primary Line of Business Other Liability (Claims-made)

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-1716

12042 COOPERATIVE OF AMERICAN PHYSICIANS INSURANCE COMPANY, INC., A RRG Statement Contact NANCY VELASQUEZ

VT

201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929 Phone (802) 264-4588

10341 CONTROLLED RISK INS CO OF VT RRG Statement Contact MELISSA H. LAROSE

Domiciled

223-B HEATLEY STREET, MONCKS CORNER, SC Phone 800-226-0793

11603 CONTRACTORS INS CO OF NORTH AMER RRG Statement Contact STACEY GIBBS

Primary Line of Business Warranty

2386 AIRPORT ROAD, BARRE, VT US Phone 802-371-2321

11798 CONTINUING CARE RRG, INC. Statement Contact KATIE GRAY

VT

2547 WASHINGTON ROAD, 720 SUMMERFIELD COMMONS, UPPER SAINT CLAIR, PA 152412557

10075 CONSUMER SPECIALTIES INSURANCE COMPANY RRG Statement Contact PAULA A. FRENCH

Domiciled

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-1716

11259 COMMUNITY HOSPITAL RRG Statement Contact DONNA B. NORMAND

Primary Line of Business Other Liability (Occurrence)

7015 COLLEGE BOULEVARD, SUITE 400, OVERLAND PARK, KS 66211-1671 Phone (502) 882-4459

11536 COMMUNITY HEALTH ALLIANCE RECIP RRG Statement Contact MELISSA H. LAROSE

HI

2711 MIDDLEBURG DRIVE, SUITE 309-A, COLUMBIA, SC 29204-2475 Phone (941) 373-1114

13893 COMMUNITY BLOOD CENTERS EXCH RRG Statement Contact J. TODD ROSENBAUM

Domiciled

40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 Phone (802) 264-2086

11807 COMMUNITIES OF FAITH RRG INC Statement Contact MARY ELIZABETH GAROFALO

Primary Line of Business Other Liability (Claims-made)

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

11864 COMCARE PRO INS RECIPROCAL RRG Statement Contact SHERRY ANN RICKER

AL

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-2111

10803 COLUMBIA NATIONAL RRG INC Statement Contact JOHN H. RAYMOND

Domiciled

745 FORT STREET, SUITE 1100, HONOLULU, HI 96813-3810 Phone (808) 585-3584

13613 COLLEGE RISK RETENTION GROUP, INC. Statement Contact JENNIFER L. PETTENGILL

Primary Line of Business Medical Professional Liability (Claims-made)

Primary Line of Business Other Liability (Claims-made)

111 NORTH SEPULVEDA BOULEVARD, SUITE 243, MANHATTAN BEACH, CA 90266-6849 Phone (808) 988-3215

Primary Line of Business Other Liability (Claims-made)

Domiciled

First Quarter 2013 - RRG Analysis

MT


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

11676 CRUDEN BAY RRG INC Statement Contact PAULA A. FRENCH

2386 AIRPORT ROAD BARRE, VT 05641-8629 Phone (802) 371-2321

13655 CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP Statement Contact DERICK A. WHITE

Phone 877-614-6425-3

Phone 941-373-1105

12015 EMERGENCY MEDICINE RRG INC Statement Contact MANNU LUO

Phone (602) 952-9532

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

VT

Primary Line of Business Commercial Auto Liability

Domiciled

AZ

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

DE

Domiciled

NV

Domiciled

SC

Domiciled

NV

Domiciled

VT

Domiciled

DC

Domiciled

VT

Domiciled

NV

Domiciled

SC

Domiciled

VT

Domiciled

AZ

9550 S. EASTERN AVENUE, SUITE 253, LAS VEGAS, NV Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Other Liability (Occurrence) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Occurrence) Primary Line of Business Other Liability (Claims-made) Primary Line of Business Commercial Auto Liability

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-6332

12625 FORT WAYNE MEDICAL SURETY COMPANY, RRG Statement Contact LEE M. MILIZIA

DC

4421 ARAMINGO AVENUE PHILADELPHIA, PA 19124-4101 Phone (215) 235-5000

11278 FIRST MEDICAL INS CO RRG Statement Contact JODI K. GUZZARDO

Domiciled

1605 MAIN STREET, SUITE 800, SARASOTA, FL 34236-5823 Phone (941) 955-0793

11801 FIRST KEYSTONE RISK RETENTION GROUP, INC. Statement Contact JOSEPH SCHMIDT

Primary Line of Business Medical Professional Liability (Claims-made)

ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 Phone (843) 614-3132

14439 FIDUCIARIES RISK RETENTION GROUP, INC. Statement Contact TERESA MARIE MATTHEWS

KY

15255 NORTH 40TH STREET, SUITE 109, PHOENIX, AZ 85032-4638

11698 FAITH AFFILIATED RRG INC Statement Contact KELLY BOURNE

Domiciled

10 FALCON ROAD LEWISTON, ME 04240-5833 Phone (802) 264-4577

11840 FAIRWAY PHYSICIANS INS CO RRG Statement Contact RICHARD P. MARSHALL

Primary Line of Business Medical Professional Liability (Claims-made)

1528 EUREKA ROAD, SUITE 102, ROSEVILLE, CA 95661-3047 Phone (916) 772-2080

38466 EVERGREEN USA RRG INC Statement Contact ERIC GILCRIS

DE

151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238 Phone (843) 577-1035

11714 EMERGENCY PHYSICIANS INS CO RRG Statement Contact PAUL SHAMPAY

Domiciled

1627 CONNECTICUT AVE, NW, SUITE 6, WASHINGTON, DC US Phone 202-802-1439-

12003 EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC) Statement Contact BRIAN TROY WINCH

Primary Line of Business Medical Professional Liability (Claims-made)

15615 NORTH 71ST STREET, SUITE 103, SCOTTSDALE, AZ 85254-2150 Phone (802) 371-2229

14163 EMERGENCY CAPITAL MANAGEMENT, LLC, RRG Statement Contact MELISSA ANNE HANCOCK

VT

126 COLLEGE STREET, SUITE 400, BURLINGTON, VT 05401-8456 Phone (802) 383-0419

10125 ELITE TRANSPORTATION RRG INC Statement Contact REBECCA J. AITCHISON

Domiciled

1200 G STREET, NW, SUITE 800, WASHINGTON, DC 20005-6705 Phone (814) 375-6377

10115 EASTERN DENTISTS INS CO RRG Statement Contact KAREN L. MAHONEY

Primary Line of Business Medical Professional Liability (Claims-made)

3370 SUGARLOAF PARKWAY SUITE G-2/302, LAWRENCEVILLE, GA US

11842 DUBOIS MEDICAL RRG Statement Contact BRIAN S. KLINE

VT

845 THIRD AVENUE, 20TH FLOOR, NEW YORK, NY 10022-6601 Phone (212) 687-2525

13018 DOCTORS & SURGEONS NATIONAL RRG Statement Contact SARA M CARPENTER

Domiciled

126 COLLEGE STREET, SUITE 400, BURLINGTON, VT 05401-8456 Phone (802) 860-1763

43125 DELAWARE PROFESSIONAL INSURANCE CO Statement Contact I. DAVID GORDON

Primary Line of Business Medical Professional Liability (Claims-made)

Primary Line of Business Medical Professional Liability (Occurrence)

2555 EAST CAMELBACK ROAD, SUITE 700, PHOENIX, AZ 85016-4264 Phone (602) 427-3208

Primary Line of Business Medical Professional Liability (Claims-made)

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

10842 FRANKLIN CASUALTY INS CO RRG Statement Contact DELISCA A. CHRISTIAN

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-2110

12016 FREDERICKSBURG PROFESSIONAL RISK EXC Statement Contact SCOTT C. STONE

Phone (802) 264-4593

VT

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

VT

Primary Line of Business Other Liability (Occurrence)

Domiciled

VT

Primary Line of Business Other Liability (Claims-made)

Domiciled

HI

Primary Line of Business Commercial Auto Liability

Domiciled

VT

Primary Line of Business Other Liability (Claims-made)

Domiciled

DC

Domiciled

NV

Domiciled

SC

Domiciled

NV

Domiciled

SC

Domiciled

VT

Domiciled

MT

Domiciled

SC

Domiciled

VT

Domiciled

DC

Domiciled

DC

2121 VALLEY SAND STREET LAS VEGAS, NV 89135-1101 Phone (303) 996-5446

12512 GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC. Statement Contact DAWN M. DINARDO

Domiciled

607 14TH STREET, NW, SUITE 900, WASHINGTON, DC 20005-2019 Phone (802) 479-7802

11145 GOLDEN INS CO RRG Statement Contact LEN CLAPP

Primary Line of Business Medical Professional Liability (Claims-made)

84 PINE STREET SUITE 450, BURLINGTON, VT US Phone 802-651-0168

10991 GLOBAL INTL INS CO INC A RRG Statement Contact STEVE BEVINS

VT

15615 NORTH 71ST STREET, SUITE 103, SCOTTSDALE, AZ 85254-2150 Phone (800) 872-7475

11948 GLOBAL HAWK INSURANCE COMPANY RRG Statement Contact STEPHEN BROWN

Domiciled

76 SAINT PAUL STREET BURLINGTON, VT 05401-4470 Phone (802) 264-4713

13782 GERIC INSURANCE RISK RETENTION GROUP, INC. Statement Contact JONATHAN A. ARBEIT

Primary Line of Business Medical Professional Liability (Claims-made)

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

10163 GENERAL EASTERN SKI INS RRG INC Statement Contact DYAN O'HERNE

VT

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-5599

12000 GEISINGER INS CORP RRG Statement Contact RONDA LYNN DEVINO

Domiciled

2386 AIRPORT ROAD BARRE, VT 05641-8629 Phone (802) 371-2231

14032 GABLES RISK RETENTION GROUP, INC. Statement Contact JEFFREY M. TUCKER

Primary Line of Business Medical Professional Liability (Claims-made)

Phone (843) 614-3134

Primary Line of Business Other Liability (Claims-made)

ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 Primary Line of Business Medical Professional Liability (Claims-made)

13973 GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC. 5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307 Statement Contact ANDREW CARLTON

Phone (800) 226-0793

11581 GRACO RRG INC Statement Contact DAWN M. DINARDO

ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 Phone (843) 614-3134

11941 GREEN HILLS INS CO RRG Statement Contact JEFFREY M. TUCKER

Phone (802) 864-5599

Primary Line of Business Medical Professional Liability (Claims-made)

8725 WEST HIGGINS ROAD, SUITE 810, CHICAGO, IL 60631-2734 Phone (773) 864-8280

11813 HEALTH NETWORK PROVIDERS MUT INS CO Statement Contact KATIE GRAY

Primary Line of Business Medical Professional Liability (Claims-made)

30 MAIN STREET, SUITE 330, BURLINGTON, VT 05401-8427 Phone (802) 419-1218

12236 HEALTH CARE CAS RRG INC Statement Contact JOSEPH ROGER HERMAN

Primary Line of Business Medical Professional Liability (Claims-made)

151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238 Phone (843) 577-1032

13057 HAMDEN ASSURANCE RRG, INC. Statement Contact JOSEPH BERNARD PERCY

Primary Line of Business Medical Professional Liability (Claims-made)

40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 Phone (802) 264-2071

12014 GUTHRIE RRG Statement Contact VIRGINIA ADRIHAN

Primary Line of Business Medical Professional Liability (Claims-made)

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

11696 GUARDIAN RRG INC Statement Contact TRISHA L. DESRANLEAU

Primary Line of Business Other Liability (Claims-made)

Primary Line of Business Medical Professional Liability (Claims-made)

2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104 Phone (800) 226-0793

Primary Line of Business Medical Professional Liability (Claims-made)

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

10080 HEALTH PROVIDERS INS RECIPROCAL RRG Statement Contact JASON L. PALMER

1003 BISHOP STREET, SUITE 1220, HONOLULU, HI 96813-6436 Phone (808) 521-0730

11832 HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

HI

Domiciled

DC

201 S. MAIN STREET, SUITE 200, ANN ARBOR, MI US

(HEALTHCAP RRG)

Statement Contact PETER M FEENEY

Phone 734 996-2700

11683 HEALTHCARE PROVIDERS INS CO RRG Statement Contact GEOFFREY LEWIS SALMON

BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384 Phone (404) 835-0454

11998 HEARTLAND HEALTHCARE RECIP RRG Statement Contact DAVID D. GUERINO

Phone (941) 373-1114

Phone (512) 404-6555

11268 ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP Statement Contact CHARLES WARREN BEHR

Phone (202) 326-5464

12018 INDEMNITY INSURANCE CORPORATION, RRG Statement Contact JEFFREY BRIAN COHEN

Phone (802) 864-6301

NV

Primary Line of Business Other Liability (Claims-made)

Domiciled

VT

Domiciled

VA

Domiciled

VT

Domiciled

DE

Domiciled

VT

Domiciled

AZ

11401 CENTURY OAKS TERRACE, SUITE 310, AUSTIN, TX 78758-8702 Primary Line of Business Product Liability (Occurrence)

1401 H STREET, NW, SUITE 1000, WASHINGTON, DC 20005-2031 Primary Line of Business Other Liability (Claims-made) Primary Line of Business Other Liability (Occurrence) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

DE

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

NV

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

KY

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

KY

Domiciled

VT

Domiciled

DC

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 Phone (802) 862-4400

14444 LAMMICO RRG, INC. Statement Contact THOMAS LANE MCCORMICK

Domiciled

2501 NELSON MILLER PARKWAY LOUISVILLE, KY 40223-2221 Phone (502) 992-4329

11803 LAKE STREET RRG INC Statement Contact DANIEL S. SCOTT

Primary Line of Business Other Liability (Occurrence)

201 EAST JEFFERSON STREET, SUITE 104, LOUISVILLE, KY 40202-1250

11939 KENTUCKY HOSPITAL INS CO RRG Statement Contact DEBORAH ROSE RILEY

SC

3655 BROOKSIDE PARKWAY, SUITE 200, ALPHARETTA, GA 30022-1430 Phone (678) 781-2400

11872 KENTUCKIANA MEDICAL RECIPROCAL RRG Statement Contact JAY E. CURTIS

Domiciled

1627 CONNECTICUT AVENUE, NW, SUITE SIX, WASHINGTON, DC 20009-1013 Phone (802) 861-3204

12594 J.M. WOODWORTH RRG, INC. Statement Contact CAROLYN VERDE

Primary Line of Business Other Liability (Claims-made)

2325 EAST CAMELBACK ROAD, SUITE 600, PHOENIX, AZ 85016-3474 Phone (602) 337-6247

14375 IRONSHORE RISK RETENTION GROUP, INC. Statement Contact BELINDA L. FORTMAN

VT

40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 Phone (802) 264-2074

12320 INNOVATIVE PHYSICIAN SOLUTIONS RRG Statement Contact WENDY RAE BROWN

Domiciled

950 RIDGEBROOK ROAD, SUITE 1500, SPARKS, MD 21152-9390 Phone (410) 472-6000

11692 INDIANA HEALTHCARE RECIP RRG Statement Contact ALIHAN ALIHAN

Primary Line of Business Medical Professional Liability (Claims-made)

189 COMMERCE COURT, P.O. BOX 189, CHESHIRE, CT 06410-0189 Phone (203) 272-8220

41246 HOW INSURANCE COMPANY, A RISK RETENTION GROUP Statement Contact BRENDA J. STEWART

SC

9950 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-0001

26797 HOUSING AUTHORITY RRG INC Statement Contact PAULETTE ACHILLI

Domiciled

BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384 Phone (802) 371-2251

11950 HOME CONSTRUCTION INS CO RRG Statement Contact MARY ELIZABETH GAROFALO

Primary Line of Business Medical Professional Liability (Claims-made)

40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 Phone (802) 264-2060

11097 HERITAGE WARRANTY INS RRG INC Statement Contact KIM CONNELLY BLOOMER

Primary Line of Business Medical Professional Liability (Occurrence)

Primary Line of Business Medical Professional Liability (Claims-made)

1333 H STREET, NW, SUITE 820E, WASHINGTON, DC 20005-4781 Phone (504) 831-3756

Primary Line of Business Medical Professional Liability (Claims-made)

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

13014 LANCET INDEMNITY RISK RETENTION GROUP, INC. Statement Contact GEMMA AGUSTIN TUANQUI

9550 S. EASTERN AVENUE, SUITE 253, LAS VEGAS, NV Phone 800-226-0793

11500 LENDERS PROTECTION ASSUR CO RRG Statement Contact CAROL S. WEEDER

Phone (800) 730-6614

11958 LIFE SERVICES NETWORK RECIP INS RRG Statement Contact TERESA MARIE MATTHEWS

Phone (941) 955-0793 Phone (941) 373-1116

11684 LVHN RRG Statement Contact MANNU LUO

Phone (802) 861-2630

11117 MARATHON FIN INS CO INC RRG Statement Contact STEPHEN DOUGLAS KANTNER

Phone (802) 864-2120

Phone (802) 861-2930

14219 MILLBROOK NMF RISK RETENTION GROUP, INC. Statement Contact LAURA ELIZABETH ROEMER

Domiciled

NV

Domiciled

SC

Domiciled

DE

Domiciled

DE

Domiciled

VT

Domiciled

MT

Domiciled

HI

Domiciled

DC

Domiciled

DC

Domiciled

VT

Domiciled

VT

Domiciled

SC

Domiciled

DC

Domiciled

VT

9550 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-8042 Primary Line of Business Other Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made)

1925 LOVERING AVENUE WILMINGTON, DE 19806-2157 Primary Line of Business Commercial Auto Liability Primary Line of Business Other Liability (Occurrence) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Other Liability (Claims-made)

148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476 Primary Line of Business Other Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made)

7701 FRANCE AVENUE, SOUTH, SUITE 500, MINNEAPOLIS, MN 55435-5288 Phone (952) 838-6766

13812 MOUNTAIN LAKE RISK RETENTION GROUP, INC. Statement Contact ANDREW HAMME

DC

360 CONCORD STREET, SUITE 106, CHARLESTON, SC 29401-6303 Phone (843) 884-5902

14062 MMIC RRG, INC. Statement Contact JON GARY BEHNKEN

Domiciled

103 EISENHOWER PARKWAY, SUITE 101, ROSELAND, NJ 07068-1029 Phone (802) 863-2398

11999 MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP Statement Contact THAO T. NGUYEN

Primary Line of Business Medical Professional Liability (Claims-made)

5565 STERRETT PLACE, FIFTH FLOOR, COLUMBIA, MD 21044-2665

44237 MENTAL HEALTH RISK RETENTION GROUP Statement Contact MERISSA S. BUSHEY

UT

1050 K STREET, NW, SUITE 400, WASHINGTON, DC 20001-4448 Phone (260) 486-0418

10124 MEDSTAR LIABILITY LTD INS CO INC RRG Statement Contact LISA M. KANE

Primary Line of Business Commercial Auto Liability

3000 OAK ROAD, SUITE 600, WALNUT CREEK, CA 94597-2071 Phone (925) 949-0101

13589 MEDPRO RRG RISK RETENTION GROUP Statement Contact GARRETT JAMES DAVENPORT

Domiciled

5679 SOUTH REDWOOD ROAD, SUITE 25, SALT LAKE CITY, UT 84123-5464

805 MADISON STREET, SUITE 901, SEATTLE, WA 98104-1172 Phone (406) 282-0170

26257 MEDAMERICA MUTUAL RRG INC Statement Contact CHRISTOPHER PAUL MERTES

NE

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 Phone (802) 652-1571

12355 MD RISK RETENTION GROUP, INC. Statement Contact BRENDA M. OLSON

Domiciled

1710 CORPORATE CROSSING, SUITE ONE, O'FALLON, IL 62269-3741 Phone (302) 651-8354

10697 MCIC VERMONT INC RRG Statement Contact DIANE M. HANSON

Primary Line of Business Other Liability (Occurrence)

151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238 Phone (843) 577-1035

12554 MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP Statement Contact PATRICK GHISLAIN THERIAULT

NV

2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104

14084 LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP Statement Contact LINDA VILLANI

Domiciled

1212 NORTH 96TH STREET OMAHA, NE 68114-2274 Phone (402) 392-6689

12627 LIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY Statement Contact V. J. PETITT

Primary Line of Business Medical Professional Liability (Claims-made)

Primary Line of Business Medical Professional Liability (Claims-made)

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 Phone (802) 264-4592

Primary Line of Business Commercial Auto Liability

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

11547 MOUNTAIN LAUREL RRG INC Statement Contact AMANDA R. WESCOTT

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-2037

11585 MOUNTAIN STATES HEALTHCARE RECIP RRG Statement Contact DAVID D. GUERINO

Phone (843) 614-3132

14366 NASW RISK RETENTION GROUP, INC. Statement Contact LEN CLAPP

Phone (303) 996-5446

Phone (303) 306-0002

Phone (843) 614-3135

10234 NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG) Statement Contact CHARLES HALSTEAD-JOHNSO

Phone 802-479-7801

14130 NCMIC RISK RETENTION GROUP, INC. Statement Contact MARY MARIO RICHARDS

Phone (941) 955-0793 Phone (941) 373-1116

12532 NEW STAR RISK RETENTION GROUP, INC. Statement Contact BRETT BELT

Primary Line of Business Other Liability (Claims-made)

Domiciled

DC

Primary Line of Business Other Liability (Occurrence)

Domiciled

NV

Primary Line of Business Other Liability (Occurrence)

Domiciled

VT

Primary Line of Business Other Liability (Occurrence)

Domiciled

MT

Primary Line of Business Medical Professional Liability (Occurrence)

Domiciled

HI

Primary Line of Business Other Liability (Claims-made)

Domiciled

CO

Primary Line of Business Commercial Auto Liability

Domiciled

SC

Domiciled

SC

Domiciled

DC

Domiciled

VT

Domiciled

NV

Domiciled

DC

Domiciled

SC

Domiciled

DC

ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 Primary Line of Business Medical Professional Liability (Claims-made)

2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC Primary Line of Business Other Liability (Occurrence) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made)

10375 EAST HARVARD AVENUE, SUITE 100, DENVER, CO 80231-3966 Primary Line of Business Other Liability (Claims-made)

151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238 Phone (843) 577-1361

12275 NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG Statement Contact KATIE GRAY

DC

5430 WEST SAHARA AVENUE LAS VEGAS, NV 89146-3307

13792 NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP Statement Contact LINDA VILLANI

Domiciled

148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476 Phone (802) 861-2930

12539 NEVADA DOCS MEDICAL RISK RETENTION GROUP, INC. Statement Contact TERESA MARIE MATTHEWS

Primary Line of Business Other Liability (Claims-made)

BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384 Phone (802) 371-2249

12529 NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC. Statement Contact MICHAEL JOHN COULTER

WV

ONE DENVER HIGHLANDS, 10375 EAST HARVARD AVENUE, SUITE 550, DENVER, CO 802313966

11197 NATIONAL INDEPENDENT TRUCKERS IC RRG Statement Contact NICOLE S. HUBLER

Primary Line of Business Medical Professional Liability (Claims-made)

4075 COPPER RIDGE DRIVE, TRAVERSE CITY, MI Phone 231-946-6200

44016 NATIONAL HOME INSURANCE CO RRG Statement Contact HUGH B. MCCREERY

Domiciled

ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441

27 GAGE TERRACE BIGFORK, MT 59911-3544 Phone (406) 282-0170

36072 NATIONAL GUARDIAN RISK RETENTION GROUP Statement Contact MARK A BURNHEIMER

MT

148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476 Phone (802) 861-2930

12293 NATIONAL CONTRACTORS INS CO INC RRG Statement Contact BRENDA M. OLSON

Domiciled

9550 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-8042 Phone (800) 226-0793

10083 NATIONAL CATHOLIC RRG Statement Contact MARY MARIO RICHARDS

Primary Line of Business Medical Professional Liability (Claims-made)

3740 DAVINCI COURT, STE. 130, NORCROSS, GA Phone 770-255-4913

12235 NATIONAL BUILDERS & CONTRACTORS INS Statement Contact GEMMA AGUSTIN TUANQUI

VT

1333 H STREET, NW, SUITE 820, WASHINGTON, DC 20005-4707

11806 NATIONAL ASSISTED LIVING RRG, INC. Statement Contact ROSE PATRICK

Domiciled

40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 Phone (802) 264-2060

12779 MOUNTAINEER FREEDOM RISK RETENTION GROUP, INC. Statement Contact KELLY BOURNE

Primary Line of Business Medical Professional Liability (Claims-made)

Phone 800-226-0793

Primary Line of Business Medical Professional Liability (Claims-made)

1001 PENNSYLVANIA AVE., N.W., SUITE 400 SOUTH, WASHINGTON, DC Primary Line of Business Medical Professional Liability (Claims-made)

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

13059 NORTH SHORE - LIJ PHYSICIANS INSURANCE COMPANY RISK RETENTION GROUP Statement Contact LISA M. KANE

Phone (802) 864-2120

10752 NOVUS INS CO RRG Statement Contact MILES J. HOPKINS

Phone (802) 479-7802

10158 OCEAN RRG INC Statement Contact MARY CLAIRE GOFF

Phone (802) 264-2073

11575 PACE RRG INC Statement Contact GARY P. O'HARE

Domiciled

DC

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

SC

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

AZ

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

IL

Primary Line of Business Commercial Auto Liability

Domiciled

VT

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

VT

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

AZ

Primary Line of Business Other Liability (Claims-made)

Domiciled

VT

4000 FABER PLACE DRIVE, SUITE 300, NORTH CHARLESTON, SC 29405-8587 Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

SC

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

VT

Primary Line of Business Commercial Auto Liability

Domiciled

TN

Primary Line of Business Other Liability (Claims-made)

Domiciled

DC

Domiciled

VT

Domiciled

DC

148 COLLEGE STREET, SUITE 204, BURLINGTON, VT 05401-8476 Phone (802) 861-2930

11772 PEDIATRICANS INS RRG OF AMER Statement Contact CHARLES HALSTEAD-JOHNSON

Primary Line of Business Commercial Auto Liability

1605 MAIN STREET, SUITE 800, SARASOTA, FL Phone 941-955-0793

11846 PEACE CHURCH RRG INC Statement Contact MARY MARIO RICHARDS

MT

1715 AARON BRENNER DRIVE, SUITE 512, MEMPHIS, TN US Phone 802-371-2219

11973 PCH MUTUAL INSURANCE COMPANY, RRG Statement Contact TERESA MARIE MATTHEWS

Primary Line of Business Medical Professional Liability (Claims-made)

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 Phone (802) 652-1568

44130 PARATRANSIT INSURANCE COMPANY, RRG Statement Contact ANITA M. PERKINS

Domiciled

27 NORTH 27TH STREET, SUITE 1900, BILLINGS, MT

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 Phone (802) 264-4574

14260 ORTHOFORUM INSURANCE COMPANY (A RISK RETENTION GROUP) Statement Contact JONATHAN J. MCKENZIE

VT

2999 NORTH 44TH STREET, SUITE 550, PHOENIX, AZ 85018-7295 Phone (941) 373-1114

10171 ORDINARY MUTUAL A RRG CORP Statement Contact MARK PIDGEON

Domiciled

655 BEACH STREET SAN FRANCISCO, CA 94109-1336 Phone (415) 202-4618

12183 ORANGE COUNTY MEDICAL RECIP INS RRG Statement Contact MARY ELIZABETH GAROFALO

Primary Line of Business Medical Professional Liability (Claims-made)

58 EAST VIEW LANE, SUITE TWO, BARRE, VT 05641-5324 Phone (802) 479-7802

44105 OPHTHALMIC MUTUAL INS CO RRG Statement Contact LES J. SCACCALOSI

SC

6133 NORTH RIVER ROAD, SUITE 650, ROSEMONT, IL 60018-5173 Phone (847) 384-0041

10353 OOIDA RISK RETENTION GROUP INC Statement Contact STEVE BEVINS

Domiciled

2555 EAST CAMELBACK ROAD, SUITE 700, PHOENIX, AZ 85016-4264 Phone (602) 427-3217

44121 OMS NATL INS CO RRG Statement Contact KATHERINE ANN EHMANN

Primary Line of Business Medical Professional Liability (Claims-made)

BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384 Phone (877) 872-7475

13062 OLYMPIA RISK RETENTION GROUP, INC. Statement Contact KIMBERLY E. WACK

VT

1620 PROVIDENCE ROAD TOWSON, MD 21286-1525 Phone (877) 587-1763

12189 OCEANUS INS CO A RRG Statement Contact LEN T. LOGAN

Domiciled

40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 Phone (802) 658-9466

12845 OBSTETRICIANS & GYNECOLOGISTS RISK RETENTION GROUP OF AMERICA, INC. Statement Contact STEVE BEVINS

Primary Line of Business Medical Professional Liability (Claims-made)

1180 SAM RITTENBERG BOULEVARD, SUITE 235, CHARLESTON, SC 29407-3384 Phone (843) 573-4834

13644 OASIS RECIPROCAL RISK RETENTION GROUP Statement Contact GARY A. GRISWOLD

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

Primary Line of Business Medical Professional Liability (Claims-made)

2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104 Phone (802) 479-7801

Primary Line of Business Medical Professional Liability (Claims-made)

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

11587 PELICAN INS RRG Statement Contact JONATHAN J. MCKENZIE

40 MAIN STREET, SUITE 200, BURLINGTON, VT 05401-8492 Phone (802) 264-2073

12004 PHOEBE RECIPROCAL RRG Statement Contact MATT WATSON

Phone (954) 236-2400 Phone (802) 864-2037

12507 PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP Statement Contact CHRISTOPHER CRAIG LEIGH

Phone (843) 577-1360

11514 PHYSICIANS PROFESSIONAL LIABILTY RRG Statement Contact STACEY GIBBS

Phone (406) 523-3873

13582 PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP Statement Contact JASON L. PALMER

Phone (808) 521-0730

12348 PINE TREE INS RECIPROCAL RRG Statement Contact DIANE T. KING

Phone (802) 479-7803

Domiciled

VT

Domiciled

SC

Domiciled

VT

Domiciled

VT

Domiciled

SC

Domiciled

MT

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Primary Line of Business Medical Professional Liability (Occurrence)

151 MEETING STREET, SUITE 301, CHARLESTON, SC 29401-2238 Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Occurrence) Primary Line of Business Medical Professional Liability (Claims-made)

111 NORTH HIGGINS AVENUE, SUITE 200, MISSOULA, MT 59802-4401 Primary Line of Business Reinsurance - Nonproportional Assumed Liability

C/O WILLIS MANAGEMENT (HAWAII), 1003 BISHOP STREET, SUITE 1220, HONOLULU, HI 968136436 Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

HI

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

VT

Primary Line of Business Commercial Auto Liability

Domiciled

DC

Primary Line of Business Other Liability (Occurrence)

Domiciled

VT

Primary Line of Business Other Liability (Occurrence)

Domiciled

DC

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

OK

Domiciled

FL

Domiciled

MT

3655 BROOKSIDE PARKWAY, SUITE 200, ALPHARETTA, GA US Phone 678-781-2445

12497 PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC Statement Contact MARY CLAIRE GOFF

NV

226 DEAN A. MCGEE AVENUE OKLAHOMA CITY, OK 73102-3413 Phone (405) 815-4825

11809 PONCE DE LEON LTC RRG, INC. Statement Contact CHRISTY ANN MOULTRIE

Domiciled

2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104

14205 PLICO RISK RETENTION GROUP, INC. Statement Contact BRYAN SCOTTY POTTER

Primary Line of Business Medical Professional Liability (Claims-made)

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-6269

11858 PINNACLE RRG INC Statement Contact RENEE LAGUE

NV

2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104 Phone (800) 226-0793

11980 PINNACLE CONSORTIUM OF HIGHER ED RRG Statement Contact MARCY WATERFALL

Domiciled

2386 AIRPORT ROAD BARRE, VT 05641-8629 Phone (802) 371-2223

12198 PINELANDS INS CO RRG INC Statement Contact ANDREW CARLTON

Primary Line of Business Medical Professional Liability (Claims-made)

4535 DRESSLER ROAD, NW CANTON, OH 44718-2545 Phone (802) 371-2252

14108 PIA PROFESSIONAL LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP Statement Contact DANIEL JOHN SEMAN

SC

2386 AIRPORT ROAD BARRE, VT 05641-8629 Phone (802) 371-2221

11513 PHYSICIANS SPECIALTY LTD RRG Statement Contact JEFFRY M. DELMAS

Domiciled

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 Phone (802) 264-4588

10934 PHYSICIANS REIMBURSEMENT RRG Statement Contact MICHELE EMMONS

Primary Line of Business Other Liability (Claims-made)

BUILDING G, 7890 PETERS ROAD, SUITE 106, PLANTATION, FL 33324-4028

12918 PHYSICIANS' INSURANCE EXCHANGE RESOURCE, A RISK RETENTION GROUP Statement Contact AMANDA R. WESCOTT

VT

415 SOUTH SIXTH STREET, SUITE 200K, LAS VEGAS, NV 89101-6912 Phone (800) 226-0793

12746 PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC. Statement Contact ERNEST WILLIAM ARTERBERRY

Domiciled

177 MEETING STREET, SUITE 470, CHARLESTON, SC 29401-3160 Phone (843) 853-0446

13995 PHYSICIANS CASUALTY RISK RETENTION GROUP, INC. Statement Contact ANDREW CARLTON

Primary Line of Business Medical Professional Liability (Claims-made)

Phone (877) 587-1763

Primary Line of Business Medical Professional Liability (Claims-made)

1620 PROVIDENCE ROAD TOWSON, MD 21286-1525 Primary Line of Business Other Liability (Occurrence)

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

44083 PREFERRED PHYSICIANS MEDICAL RRG Statement Contact TIMOTHY JAMES MCGILL

9000 WEST 67TH STREET SHAWNEE MISSION, KS 66202-3656 Phone (913) 262-2585

14919 PREFERRED PROFESSIONAL RRG Statement Contact

Phone 775-887-2480

13179 PROAIR RISK RETENTION GROUP, INC. Statement Contact TERESA MARIE MATTHEWS

Phone (941) 955-0793

Phone (808) 540-4312

10840 PROFESSIONAL MEDICAL INS RRG INC Statement Contact STEPHEN CHONG

Primary Line of Business

Domiciled

DC

Domiciled

NV

Domiciled

NV

Domiciled

DC

Domiciled

HI

Domiciled

HI

Domiciled

VT

Domiciled

MT

Domiciled

VT

Domiciled

SC

Domiciled

AZ

575 S SALIMAN ROAD, CARSON CITY, NV US Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Other Liability (Occurrence)

2859 PACES FERRY ROAD, SUITE 800, ATLANTA, GA 30339-5733 Phone (770) 257-1709

14461 PROFESSIONAL EXCHANGE ASSURANCE COMPANY (A RISK RETENTION GROUP) Statement Contact NADINE TOMIYASU

MO

9550 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-8042

11671 PROBUILDERS SPECIALTY INS CO RRG Statement Contact CRAIG BOWDEN

Domiciled

11605 MIRACLE HILLS DRIVE, SUITE 200, OMAHA, NE 68154-4467 Phone

12613 PREMIER PHYSICIANS INSURANCE COMPANY, A RISK RETENTION GROUP Statement Contact JESSICA CONTRERAS

Primary Line of Business Medical Professional Liability (Claims-made)

Primary Line of Business Other Liability (Occurrence)

201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929 Primary Line of Business Other Liability (Claims-made)

201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929 Phone (808) 540-4323

12608 PROFESSIONAL QUALITY LIABILITY INSURANCE COMPANY, A RISK RETENTION

Primary Line of Business Medical Professional Liability (Occurrence)

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946

GROUP

Statement Contact MICHAEL A. CZAPLICKE

Phone (802) 864-2109

13067 PROFESSIONALS RISK RETENTION GROUP, INC. Statement Contact BRENDA M. OLSON

27 GAGE TERRACE BIGFORK, MT 59911-3544 Phone (406) 282-0170

11350 PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG Statement Contact MARCY WATERFALL

Phone (229) 226-1937

Primary Line of Business Other Liability (Occurrence)

Domiciled

VT

Primary Line of Business Product Liability (Occurrence)

Domiciled

HI

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

SC

Domiciled

SC

Domiciled

VT

ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 Phone (843) 614-3134

11808 SCHUYKILL CROSSING RECIPROCAL RRG Statement Contact JEFFREY CALLANE

SC

1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384 Phone (802) 371-2238

12511 SAMARITAN RISK RETENTION GROUP, INC. Statement Contact DAWN M. DINARDO

Domiciled

201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929 Phone (808) 540-4312

11712 SAINT LUKE'S HLTH SYSTEM RRG Statement Contact ALICIA D. COLELLA

Primary Line of Business Other Liability (Occurrence)

58 EAST VIEW LANE, SUITE TWO, BARRE, VT 05641-5324 Phone (800) 226-0793

14135 RPX RRG Statement Contact NADINE TOMIYASU

Primary Line of Business Other Liability (Occurrence)

1180 SAM RITTENBERG BOULEVARD, SUITE 235, CHARLESTON, SC 29407-3384 Phone (843) 573-4676

12209 RESTORATION RISK RETENTION GROUP, INC. Statement Contact GEMMA AGUSTIN TUANQUI

Primary Line of Business Medical Professional Liability (Claims-made)

2555 EAST CAMELBACK ROAD, SUITE 700, PHOENIX, AZ 85016-4264 Phone (602) 427-3208

12019 REPUBLIC RRG Statement Contact ROBERT G. MEETZE

Primary Line of Business Other Liability (Claims-made)

14382 US HIGHWAY 19, SOUTH THOMASVILLE, GA 31757-4801

13736 RED ROCK RISK RETENTION GROUP, INC. Statement Contact LEE M. MILIZIA

Primary Line of Business Medical Professional Liability (Claims-made)

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-6269

13078 RED CLAY RISK RETENTION GROUP, INC. Statement Contact CORY E. BROWN

Primary Line of Business Medical Professional Liability (Claims-made)

Primary Line of Business Medical Professional Liability (Claims-made)

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 Phone (802) 264-4719

Primary Line of Business Medical Professional Liability (Claims-made)

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

12988 SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP Statement Contact REBECCA S. BOUDREAU

Phone (802) 864-1710

11267 SECURITY AMERICA RRG INC Statement Contact JODI K. GUZZARDO

Phone (808) 585-3584

Phone (800) 226-0793

44075 STATES SELF-INSURERS RRG Statement Contact SHERYL ANN SATTLER

Phone (802) 264-4576 Phone (843) 614-3132

14026 SUNLAND RISK RETENTION GROUP, INC. Statement Contact LAURA LEE DURKIN

Domiciled

DC

Primary Line of Business Medical Professional Liability (Occurrence)

Domiciled

SC

Primary Line of Business Commercial Auto Liability

Domiciled

NV

Primary Line of Business Other Liability (Claims-made)

Domiciled

DC

Primary Line of Business Other Liability (Claims-made)

Domiciled

SC

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

VT

Domiciled

NV

Domiciled

VT

Domiciled

VT

Domiciled

SC

9550 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-8042 Primary Line of Business Other Liability (Claims-made) Primary Line of Business Other Liability (Occurrence) Primary Line of Business Other Liability (Occurrence)

ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

DE

Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

SC

Domiciled

VT

Domiciled

VT

2386 AIRPORT ROAD BARRE, VT 05641-8629 Phone (802) 371-2233

14395 TERRAFIRMA RISK RETENTION GROUP LLC Statement Contact MARCY WATERFALL

Primary Line of Business Other Liability (Claims-made)

1180 SAM RITTENBERG BOULEVARD, SUITE 235, CHARLESTON, SC 29407-3384 Phone (843) 573-4946

10113 TERRA INS CO RRG Statement Contact ABIGAIL M. BERNIER

HI

14362 NORTH FRANK LLOYD WRIGHT BOULEVARD, SUITE 1000, SCOTTSDALE, AZ 85260-8847 Phone (800) 800-4324

11669 SUPERIOR INS CO RRG Statement Contact PIPER H. CROCKETT

Domiciled

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

13135 SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC Statement Contact KELLY BOURNE

Primary Line of Business Medical Professional Liability (Claims-made)

222 SOUTH NINTH STREET, SUITE 1300, MINNEAPOLIS, MN 55402-3332 Phone (612) 766-3000

10476 STICO MUT INS CO RRG Statement Contact BECKI MINOLI

MT

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 Phone (802) 264-4710

13993 STATE CAPITOL INSURANCE RISK RETENTION GROUP, INC. Statement Contact KATIE GRAY

Domiciled

3507 ROSEWOOD DRIVE COLUMBIA, SC 29205-3448 Phone (602) 200-6900

11688 ST LUKES HEALTH NETWORK INS CO RRG Statement Contact MARY B. DESRANLEAU

Primary Line of Business Medical Professional Liability (Claims-made)

2233 WISCONSIN AVENUE, NW, SUITE 310, WASHINGTON, DC 20007-4104 Phone (802) 479-7801

11114 ST CHARLES INS CO RRG Statement Contact ED CALDWELL

VT

9550 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-8042 Phone (800) 226-0793

10754 SPIRIT MOUNTAIN INS CO RRG INC Statement Contact CHARLES HALSTEAD-JOHNSON

Domiciled

ONE POSTON ROAD, SUITE 155, CHARLESTON, SC 29407-3441 Phone (202) 862-5339

14207 SPIRIT COMMERCIAL AUTO RISK RETENTION GROUP Statement Contact KATIE GRAY

Primary Line of Business Other Liability (Occurrence)

C/O AON RISK SERVICES, INC., 1120 20TH STREET, N.W, WASHINGTON, DC Phone 202-862-5339

12907 SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC. Statement Contact EMI SWAIM

NV

745 FORT STREET, SUITE 1100, HONOLULU, HI 96813-3810

13557 SIGMA RRG, INC. Statement Contact EMI SWAIM

Domiciled

27 GAGE TERRACE BIGFORK, MT 59911-3544 Phone (406) 282-0170

12005 SENTINEL ASSUR RRG INC Statement Contact TONI KANEHIRA

Primary Line of Business Medical Professional Liability (Claims-made)

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-6332

14136 SELECT MD RRG Statement Contact BRENDA M. OLSON

7251 WEST LAKE MEAD BOULEVARD, SUITE 401, LAS VEGAS, NV 89128-8370

Primary Line of Business Other Liability (Claims-made)

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-6269

Primary Line of Business Other Liability (Claims-made)

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

10152 THE HEALTHCARE UNDERWRITING CO RRG Statement Contact MARCY WATERFALL

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-6269

11153 TITAN INS CO INC RRG Statement Contact

Phone (802) 652-1554

Phone (800) 226-0793

13988 UV INSURANCE RISK RETENTION GROUP, INC. Statement Contact CYNTHIA LANDRY

Phone (843) 640-3170

13974 VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC. Statement Contact BRENDA M. OLSON

Phone (802) 264-4710

DE

Primary Line of Business Other Liability (Occurrence)

Domiciled

VT

Primary Line of Business Warranty

Domiciled

VT

Domiciled

NV

Domiciled

HI

Domiciled

OK

Domiciled

MT

Domiciled

DC

Domiciled

VT

Domiciled

VT

Domiciled

VT

Domiciled

AZ

Domiciled

CO

Domiciled

VT

9550 SOUTH EASTERN AVENUE, SUITE 253, LAS VEGAS, NV 89123-8042 Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Other Liability (Claims-made)

2007 POOLE DRIVE HUNTSVILLE, AL 35810-3891 Primary Line of Business Other Liability (Occurrence) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Medical Professional Liability (Claims-made) Primary Line of Business Other Liability (Occurrence) Primary Line of Business Other Liability (Claims-made)

9265 MADRAS COURT LITTLETON, CO 80130-4444 Phone (303) 263-0311

13154 WINTHROP PHYSICIANS RECIPROCAL RISK RETENTION GROUP Statement Contact LISA H. MANLEY

Domiciled

2555 EAST CAMELBACK ROAD, SUITE 700, PHOENIX, AZ 85016-4264 Phone (602) 427-3217

40940 WESTERN PACIFIC MUT INS CO RRG Statement Contact SHERLYN WILKINSON FARRELL

Primary Line of Business Other Liability (Occurrence)

140 KENNEDY DRIVE SOUTH BURLINGTON, VT 05403-6710 Phone (802) 922-9456

11978 WESTERN INS RRG INC Statement Contact KIMBERLY E. WACK

VT

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-2111

14122 WESTERN CATHOLIC INSURANCE COMPANY RRG Statement Contact TRICIA LYNN ALGER

Domiciled

76 SAINT PAUL STREET BURLINGTON, VT 05401-4470

11682 WELLSPAN RRG Statement Contact JENNIFER L. PETTENGILL

Primary Line of Business Medical Professional Liability (Claims-made)

201 SOUTH MAIN STREET, SUITE 200, ANN ARBOR, MI 48104-2153 Phone (734) 996-2700

11802 WARREN RRG INC Statement Contact MARY B. DESRANLEAU

VT

27 GAGE TERRACE BIGFORK, MT 59911-3544 Phone (406) 282-0170

13786 VIRGINIA SENIOR CARE RISK RETENTION GROUP Statement Contact PETER M. FEENEY

Domiciled

201 MERCHANT STREET, SUITE 2400, HONOLULU, HI 96813-2929 Phone (808) 540-4306

11063 VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP Statement Contact SUSAN MARIE URIE

Primary Line of Business Other Liability (Claims-made)

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Phone (802) 864-2110

12915 URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP Statement Contact ANDREW CARLTON

SC

TWO WISCONSIN CIRCLE, FOURTH FLOOR, CHEVY CHASE, MD 20815-9913 Phone (301) 215-6423

10712 UNITED HOME INSURANCE CO A RRG Statement Contact DELISCA A. CHRISTIAN

Domiciled

BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384 Phone (802) 371-2249

10020 UNITED EDUCATORS INS RRG INC Statement Contact KAREN LEE VERDON

Primary Line of Business Other Liability (Occurrence)

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477

12280 UNITED CONTRACTORS INS CO INC RRG Statement Contact NICOLE S. HUBLER

VT

76 SAINT PAUL STREET, SUITE 500, BURLINGTON, VT 05401-4477 Phone (802) 264-4576

11548 UNITED CENTRAL PA RRG Statement Contact SHERI TREMBLAY

Domiciled

BUILDING C, 1327 ASHLEY RIVER ROAD, SUITE 200, CHARLESTON, SC 29407-5384 Phone

10084 TITLE INDUSTRY ASSURANCE CO RRG Statement Contact BECKI MINOLI

Primary Line of Business Medical Professional Liability (Occurrence)

Phone (802) 864-2124

Primary Line of Business Other Liability (Claims-made)

100 BANK STREET, SUITE 610, BURLINGTON, VT 05401-4946 Primary Line of Business Medical Professional Liability (Claims-made)

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Company Name NAIC

Company Name

Address

11796 YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP) Statement Contact ANITA M. PERKINS

Phone (802) 371-2219

2386 AIRPORT ROAD BARRE, VT 05641-8629 Primary Line of Business Medical Professional Liability (Claims-made)

Domiciled

First Quarter 2013 - RRG Analysis

VT


Risk Retention Groups - Listing by Primary Line of Business NAIC Company Name

State of Domicile MONTANA

15089 CARENEXT RISK RETENTION GROUP, INC. 14906 COPIC, A RISK RETENTION GROUP

DISTRICT OF COLUMBIA

14919 PREFERRED PROFESSIONAL RRG

DISTRICT OF COLUMBIA

Boiler and Machinery 13580 ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP

KENTUCKY

Commercial Auto Liability 10023 ALLIANCE OF NONPROFITS FOR INS RRG 12300 AMERICAN CONTRACTORS INS CO RRG 11590 AMERICAN FOREST CASUALTY COMPANY RRG 11534 AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG

VERMONT TEXAS SOUTH CAROLINA MONTANA VERMONT

12171 AMERIGUARD RRG INC 13177 ARCOA RISK RETENTION GROUP, INC.

NEVADA VERMONT

11839 CIRCLE STAR INS CO RRG 10125 ELITE TRANSPORTATION RRG INC 11801 FIRST KEYSTONE RISK RETENTION GROUP, INC. 11948 GLOBAL HAWK INSURANCE COMPANY RRG 12627 LIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY 12554 MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP 13812 MOUNTAIN LAKE RISK RETENTION GROUP, INC. 11197 NATIONAL INDEPENDENT TRUCKERS IC RRG

ARIZONA SOUTH CAROLINA VERMONT UTAH DELAWARE VERMONT SOUTH CAROLINA DISTRICT OF COLUMBIA

10158 OCEAN RRG INC 10353 OOIDA RISK RETENTION GROUP INC 44130 PARATRANSIT INSURANCE COMPANY, RRG

VERMONT TENNESSEE DISTRICT OF COLUMBIA

12198 PINELANDS INS CO RRG INC 14207 SPIRIT COMMERCIAL AUTO RISK RETENTION GROUP

NEVADA

Medical Professional Liability (Claims-made) 12934 ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP

VERMONT

13677 AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP

VERMONT

11710 ALLIED PROFESSIONALS INSURANCE COMPANY, RRG 12013 ALLIED SERVICES RISK RETENTION GROUP 10232 AMERICAN ASSOC OF OTHODONTISTS RRG 10903 AMERICAN EXCESS INS EXCHANGE RRG 11598 APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC. 12933 BEDFORD PHYSICIANS RISK RETENTION GROUP, INC. 14169 BEST CARE INSURANCE COMPANY RISK RETENTION GROUP, INC. 13788 BROADLINE RISK RETENTION GROUP, INC. 44504 CALIFORNIA HEALTHCARE INS CO INC RRG 12180 CALIFORNIA MEDICAL GRP INS CO RRG 11825 CARE RRG, INC. 11544 CAREGIVERS UNITED LIAB INS CO RRG 12373 CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP 10808 CASSATT RISK RETENTION GROUP INC

ARIZONA SOUTH CAROLINA ARIZONA VERMONT ARIZONA VERMONT NEVADA VERMONT HAWAII ARIZONA DISTRICT OF COLUMBIA SOUTH CAROLINA DISTRICT OF COLUMBIA VERMONT First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Primary Line of Business NAIC Company Name 11694 CENTRAL PA PHYSICIANS RRG INC

State of Domicile SOUTH CAROLINA

11976 CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.

ARIZONA

12167 CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG

ARIZONA

14388 CHEROKEE GUARANTEE COMPANY INC., RRG

ARIZONA

43770 CLINIC MUTUAL INSURANCE CO RRG 13756 CMIC RISK RETENTION GROUP 11668 COASTAL INS RRG INC 11807 COMMUNITIES OF FAITH RRG INC 13893 COMMUNITY BLOOD CENTERS EXCH RRG

HAWAII DISTRICT OF COLUMBIA ALABAMA SOUTH CAROLINA INDIANA

11536 COMMUNITY HEALTH ALLIANCE RECIP RRG

VERMONT

11259 COMMUNITY HOSPITAL RRG

VERMONT

11798 CONTINUING CARE RRG, INC. 10341 CONTROLLED RISK INS CO OF VT RRG 14160 COVERYS RRG, INC.

SOUTH CAROLINA VERMONT DISTRICT OF COLUMBIA

11676 CRUDEN BAY RRG INC

VERMONT

13655 CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP

VERMONT

43125 DELAWARE PROFESSIONAL INSURANCE CO 13018 DOCTORS & SURGEONS NATIONAL RRG 11842 DUBOIS MEDICAL RRG 10115 EASTERN DENTISTS INS CO RRG 14163 EMERGENCY CAPITAL MANAGEMENT, LLC, RRG 12003 EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC) 12015 EMERGENCY MEDICINE RRG INC 11714 EMERGENCY PHYSICIANS INS CO RRG 11840 FAIRWAY PHYSICIANS INS CO RRG 12625 FORT WAYNE MEDICAL SURETY COMPANY, RRG

DELAWARE KENTUCKY DISTRICT OF COLUMBIA VERMONT DELAWARE NEVADA SOUTH CAROLINA NEVADA DISTRICT OF COLUMBIA ARIZONA

10842 FRANKLIN CASUALTY INS CO RRG

VERMONT

12016 FREDERICKSBURG PROFESSIONAL RISK EXC

VERMONT

14032 GABLES RISK RETENTION GROUP, INC.

VERMONT

12000 GEISINGER INS CORP RRG

VERMONT

12512 GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.

SOUTH CAROLINA

11581 GRACO RRG INC

SOUTH CAROLINA

11941 GREEN HILLS INS CO RRG 11696 GUARDIAN RRG INC 12014 GUTHRIE RRG 13057 HAMDEN ASSURANCE RRG, INC.

VERMONT MONTANA SOUTH CAROLINA VERMONT

12236 HEALTH CARE CAS RRG INC

DISTRICT OF COLUMBIA

11813 HEALTH NETWORK PROVIDERS MUT INS CO

DISTRICT OF COLUMBIA

10080 HEALTH PROVIDERS INS RECIPROCAL RRG

HAWAII

11683 HEALTHCARE PROVIDERS INS CO RRG

SOUTH CAROLINA

11998 HEARTLAND HEALTHCARE RECIP RRG

VERMONT

11692 INDIANA HEALTHCARE RECIP RRG

VERMONT

12320 INNOVATIVE PHYSICIAN SOLUTIONS RRG 14375 IRONSHORE RISK RETENTION GROUP, INC.

ARIZONA DELAWARE First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Primary Line of Business NAIC Company Name 12594 J.M. WOODWORTH RRG, INC.

State of Domicile NEVADA

11872 KENTUCKIANA MEDICAL RECIPROCAL RRG

KENTUCKY

11939 KENTUCKY HOSPITAL INS CO RRG

KENTUCKY

11803 LAKE STREET RRG INC

VERMONT

14444 LAMMICO RRG, INC. 13014 LANCET INDEMNITY RISK RETENTION GROUP, INC. 11958 LIFE SERVICES NETWORK RECIP INS RRG 11684 LVHN RRG 10697 MCIC VERMONT INC RRG 12355 MD RISK RETENTION GROUP, INC. 26257 MEDAMERICA MUTUAL RRG INC

DISTRICT OF COLUMBIA NEVADA DISTRICT OF COLUMBIA SOUTH CAROLINA VERMONT MONTANA HAWAII

13589 MEDPRO RRG RISK RETENTION GROUP

DISTRICT OF COLUMBIA

10124 MEDSTAR LIABILITY LTD INS CO INC RRG

DISTRICT OF COLUMBIA

14219 MILLBROOK NMF RISK RETENTION GROUP, INC. 14062 MMIC RRG, INC. 11547 MOUNTAIN LAUREL RRG INC 11585 MOUNTAIN STATES HEALTHCARE RECIP RRG 12779 MOUNTAINEER FREEDOM RISK RETENTION GROUP, INC. 12529 NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC. 14130 NCMIC RISK RETENTION GROUP, INC. 12539 NEVADA DOCS MEDICAL RISK RETENTION GROUP, INC. 12532 NEW STAR RISK RETENTION GROUP, INC. 12275 NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG 13059 NORTH SHORE - LIJ PHYSICIANS INSURANCE COMPANY RISK RETENTION GROUP 10752 NOVUS INS CO RRG 13644 OASIS RECIPROCAL RISK RETENTION GROUP 12845 OBSTETRICIANS & GYNECOLOGISTS RISK RETENTION GROUP OF AMERICA, INC. 12189 OCEANUS INS CO A RRG 13062 OLYMPIA RISK RETENTION GROUP, INC. 44121 OMS NATL INS CO RRG 44105 OPHTHALMIC MUTUAL INS CO RRG 12183 ORANGE COUNTY MEDICAL RECIP INS RRG 14260 ORTHOFORUM INSURANCE COMPANY (A RISK RETENTION GROUP)

SOUTH CAROLINA DISTRICT OF COLUMBIA VERMONT MONTANA WEST VIRGINIA SOUTH CAROLINA VERMONT NEVADA SOUTH CAROLINA DISTRICT OF COLUMBIA VERMONT SOUTH CAROLINA VERMONT MONTANA SOUTH CAROLINA ARIZONA ILLINOIS VERMONT ARIZONA SOUTH CAROLINA

11575 PACE RRG INC

VERMONT

11846 PEACE CHURCH RRG INC

VERMONT

11772 PEDIATRICANS INS RRG OF AMER 11587 PELICAN INS RRG

DISTRICT OF COLUMBIA VERMONT

13995 PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.

NEVADA

12746 PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.

NEVADA

12507 PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP 11514 PHYSICIANS PROFESSIONAL LIABILTY RRG 11513 PHYSICIANS SPECIALTY LTD RRG 13582 PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP

SOUTH CAROLINA VERMONT SOUTH CAROLINA HAWAII First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Primary Line of Business NAIC Company Name

State of Domicile VERMONT

12348 PINE TREE INS RECIPROCAL RRG

OKLAHOMA

14205 PLICO RISK RETENTION GROUP, INC.

FLORIDA

11809 PONCE DE LEON LTC RRG, INC. 44083 PREFERRED PHYSICIANS MEDICAL RRG

MISSOURI

12613 PREMIER PHYSICIANS INSURANCE COMPANY, A RISK RETENTION GROUP

NEVADA

12608 PROFESSIONAL QUALITY LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP 13067 PROFESSIONALS RISK RETENTION GROUP, INC.

VERMONT MONTANA

13078 RED CLAY RISK RETENTION GROUP, INC.

SOUTH CAROLINA

11712 SAINT LUKE'S HLTH SYSTEM RRG

SOUTH CAROLINA

12511 SAMARITAN RISK RETENTION GROUP, INC.

SOUTH CAROLINA

11808 SCHUYKILL CROSSING RECIPROCAL RRG 12988 SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP

VERMONT NEVADA MONTANA

14136 SELECT MD RRG

HAWAII

12005 SENTINEL ASSUR RRG INC 11688 ST LUKES HEALTH NETWORK INS CO RRG 13135 SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC 14026 SUNLAND RISK RETENTION GROUP, INC.

VERMONT SOUTH CAROLINA DELAWARE SOUTH CAROLINA

11669 SUPERIOR INS CO RRG

VERMONT

11548 UNITED CENTRAL PA RRG 12915 URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP 13974 VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC. 13786 VIRGINIA SENIOR CARE RISK RETENTION GROUP

NEVADA MONTANA DISTRICT OF COLUMBIA

11802 WARREN RRG INC

VERMONT

11682 WELLSPAN RRG

VERMONT

13154 WINTHROP PHYSICIANS RECIPROCAL RISK RETENTION GROUP

VERMONT

11796 YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)

VERMONT

Medical Professional Liability (Occurrence) SOUTH CAROLINA

11992 CLARIAN HLTH RRG INC 11698 FAITH AFFILIATED RRG INC

VERMONT

11278 FIRST MEDICAL INS CO RRG

VERMONT

11832 HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG (HEALTHCAP RRG) 36072 NATIONAL GUARDIAN RISK RETENTION GROUP

DISTRICT OF COLUMBIA HAWAII

12918 PHYSICIANS' INSURANCE EXCHANGE RESOURCE, A RISK RETENTION GROUP

VERMONT

10934 PHYSICIANS REIMBURSEMENT RRG

VERMONT

10840 PROFESSIONAL MEDICAL INS RRG INC 12907 SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC. 10152 THE HEALTHCARE UNDERWRITING CO RRG

HAWAII SOUTH CAROLINA VERMONT

Other Liability (Claims-made) 12252 AEGIS HEALTHCARE RRG, INC. 28380 AGRI INSURANCE EXCHANGE RRG 44148 ARCHITECTS & ENGINEERS INS CO RRG 14425 ASSOCIATION OF CERTIFIED MORTGAGE ORIGINATORS RISK RETENTION GROUP, INC.

DISTRICT OF COLUMBIA INDIANA DELAWARE NEVADA

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Primary Line of Business NAIC Company Name 33677 ATTORNEYS INS MUTUAL OF ALABAMA INC 22670 ATTORNEYS INSURANCE MUTUAL RRG INC 10639 ATTORNEYS LIAB ASSUR SOCIETY INC RRG 32450 ATTORNEYS LIAB PROTECTION SOC RRG 13795 ATTPRO RRG RECIPROCAL RISK RETENTION GROUP

State of Domicile DISTRICT OF COLUMBIA HAWAII VERMONT MONTANA DISTRICT OF COLUMBIA

10174 BAR VERMONT RISK RETENTION GROUP INC

VERMONT

11531 CHC CAS RRG

VERMONT

12172 CLAIM PROFESSIONALS LIAB INS CO RRG

VERMONT

44598 COLLEGE LIABILITY INS CO A RECIP RRG 11864 COMCARE PRO INS RECIPROCAL RRG 12042 COOPERATIVE OF AMERICAN PHYSICIANS INSURANCE COMPANY, INC., A RRG

HAWAII VERMONT HAWAII

10164 CPA MUTUAL INS CO OF AMERICA RRG

VERMONT

13720 CROSSFIT RISK RETENTION GROUP, INC.

MONTANA

14439 FIDUCIARIES RISK RETENTION GROUP, INC. 13782 GERIC INSURANCE RISK RETENTION GROUP, INC. 10991 GLOBAL INTL INS CO INC A RRG

NEVADA HAWAII DISTRICT OF COLUMBIA

11145 GOLDEN INS CO RRG

NEVADA

13973 GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.

NEVADA

11097 HERITAGE WARRANTY INS RRG INC

SOUTH CAROLINA

26797 HOUSING AUTHORITY RRG INC

VERMONT

11268 ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP

VERMONT

14084 LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP

NEVADA

44237 MENTAL HEALTH RISK RETENTION GROUP

VERMONT

11999 MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP

VERMONT

14366 NASW RISK RETENTION GROUP, INC.

DISTRICT OF COLUMBIA

11806 NATIONAL ASSISTED LIVING RRG, INC.

DISTRICT OF COLUMBIA

44016 NATIONAL HOME INSURANCE CO RRG 13792 NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP 10171 ORDINARY MUTUAL A RRG CORP 11973 PCH MUTUAL INSURANCE COMPANY, RRG 12004 PHOEBE RECIPROCAL RRG 14461 PROFESSIONAL EXCHANGE ASSURANCE COMPANY (A RISK RETENTION GROUP) 11350 PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG

COLORADO DISTRICT OF COLUMBIA VERMONT DISTRICT OF COLUMBIA SOUTH CAROLINA HAWAII VERMONT

13557 SIGMA RRG, INC.

DISTRICT OF COLUMBIA

10754 SPIRIT MOUNTAIN INS CO RRG INC

DISTRICT OF COLUMBIA

11114 ST CHARLES INS CO RRG 13993 STATE CAPITOL INSURANCE RISK RETENTION GROUP, INC.

SOUTH CAROLINA NEVADA

10113 TERRA INS CO RRG

VERMONT

14395 TERRAFIRMA RISK RETENTION GROUP LLC

VERMONT

10084 TITLE INDUSTRY ASSURANCE CO RRG

VERMONT

13988 UV INSURANCE RISK RETENTION GROUP, INC. 11978 WESTERN INS RRG INC 40940 WESTERN PACIFIC MUT INS CO RRG

HAWAII ARIZONA COLORADO First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Primary Line of Business NAIC Company Name

State of Domicile Other Liability (Occurrence)

12166 ADVANCED PHYSICIANS INS RRG INC

ARIZONA

13606 AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP

NEVADA HAWAII

11965 ALLEGIANT INS CO INC A RRG 12631 AMERICAN BUILDERS INSURANCE COMPANY RRG, INC. 44202 AMERICAN FEED INDUSTRY INS CO RRG

MONTANA IOWA VERMONT

25448 AMERICAN SAFETY RRG INC 12224 ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC. 13010 BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP 13784 CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP

SOUTH CAROLINA NEVADA MONTANA

13613 COLLEGE RISK RETENTION GROUP, INC.

VERMONT

10075 CONSUMER SPECIALTIES INSURANCE COMPANY RRG

VERMONT

11603 CONTRACTORS INS CO OF NORTH AMER RRG

HAWAII

38466 EVERGREEN USA RRG INC

VERMONT

10163 GENERAL EASTERN SKI INS RRG INC

VERMONT

11950 HOME CONSTRUCTION INS CO RRG

NEVADA

12018 INDEMNITY INSURANCE CORPORATION, RRG 11500 LENDERS PROTECTION ASSUR CO RRG

DELAWARE NEBRASKA DELAWARE

11117 MARATHON FIN INS CO INC RRG 12235 NATIONAL BUILDERS & CONTRACTORS INS

NEVADA VERMONT

10083 NATIONAL CATHOLIC RRG 12293 NATIONAL CONTRACTORS INS CO INC RRG 10234 NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG) 11980 PINNACLE CONSORTIUM OF HIGHER ED RRG

MONTANA DISTRICT OF COLUMBIA VERMONT DISTRICT OF COLUMBIA

11858 PINNACLE RRG INC 12497 PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC

MONTANA

13179 PROAIR RISK RETENTION GROUP, INC.

NEVADA

11671 PROBUILDERS SPECIALTY INS CO RRG

DISTRICT OF COLUMBIA

13736 RED ROCK RISK RETENTION GROUP, INC.

ARIZONA SOUTH CAROLINA

12019 REPUBLIC RRG 12209 RESTORATION RISK RETENTION GROUP, INC.

VERMONT

11267 SECURITY AMERICA RRG INC

VERMONT

44075 STATES SELF-INSURERS RRG

VERMONT

10476 STICO MUT INS CO RRG

VERMONT SOUTH CAROLINA

11153 TITAN INS CO INC RRG 12280 UNITED CONTRACTORS INS CO INC RRG

DELAWARE VERMONT

10020 UNITED EDUCATORS INS RRG INC 11063 VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP 14122 WESTERN CATHOLIC INSURANCE COMPANY RRG

OKLAHOMA VERMONT

Product Liability (Occurrence) 13791 AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC. 41246 HOW INSURANCE COMPANY, A RISK RETENTION GROUP

MONTANA VIRGINIA HAWAII

14135 RPX RRG

Reinsurance - Nonproportional Assumed Liability First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by Primary Line of Business NAIC Company Name

State of Domicile

14108 PIA PROFESSIONAL LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP

MONTANA

Warranty 10803 COLUMBIA NATIONAL RRG INC

VERMONT

10712 UNITED HOME INSURANCE CO A RRG

VERMONT

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by State NAIC Company Name

Primary Line of Business ALABAMA Medical Professional Liability (Claims-made)

11668 COASTAL INS RRG INC

ARIZONA Other Liability (Occurrence)

12166 ADVANCED PHYSICIANS INS RRG INC 11710 ALLIED PROFESSIONALS INSURANCE COMPANY, RRG

Medical Professional Liability (Claims-made)

10232 AMERICAN ASSOC OF OTHODONTISTS RRG

Medical Professional Liability (Claims-made)

11598 APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.

Medical Professional Liability (Claims-made)

12180 CALIFORNIA MEDICAL GRP INS CO RRG

Medical Professional Liability (Claims-made)

11976 CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.

Medical Professional Liability (Claims-made)

12167 CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG

Medical Professional Liability (Claims-made)

14388 CHEROKEE GUARANTEE COMPANY INC., RRG

Medical Professional Liability (Claims-made) Commercial Auto Liability

10125 ELITE TRANSPORTATION RRG INC 12625 FORT WAYNE MEDICAL SURETY COMPANY, RRG

Medical Professional Liability (Claims-made)

12320 INNOVATIVE PHYSICIAN SOLUTIONS RRG

Medical Professional Liability (Claims-made)

13062 OLYMPIA RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

12183 ORANGE COUNTY MEDICAL RECIP INS RRG

Medical Professional Liability (Claims-made) Other Liability (Occurrence)

13736 RED ROCK RISK RETENTION GROUP, INC.

Other Liability (Claims-made)

11978 WESTERN INS RRG INC

COLORADO 44016 NATIONAL HOME INSURANCE CO RRG

Other Liability (Claims-made)

40940 WESTERN PACIFIC MUT INS CO RRG

Other Liability (Claims-made)

DISTRICT OF COLUMBIA 12252 AEGIS HEALTHCARE RRG, INC.

Other Liability (Claims-made)

33677 ATTORNEYS INS MUTUAL OF ALABAMA INC

Other Liability (Claims-made)

13795 ATTPRO RRG RECIPROCAL RISK RETENTION GROUP

Other Liability (Claims-made)

11825 CARE RRG, INC.

Medical Professional Liability (Claims-made)

12373 CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP

Medical Professional Liability (Claims-made)

13756 CMIC RISK RETENTION GROUP

Medical Professional Liability (Claims-made)

14906 COPIC, A RISK RETENTION GROUP 14160 COVERYS RRG, INC.

Medical Professional Liability (Claims-made)

11842 DUBOIS MEDICAL RRG

Medical Professional Liability (Claims-made)

11840 FAIRWAY PHYSICIANS INS CO RRG

Medical Professional Liability (Claims-made)

10991 GLOBAL INTL INS CO INC A RRG

Other Liability (Claims-made)

12236 HEALTH CARE CAS RRG INC

Medical Professional Liability (Claims-made)

11813 HEALTH NETWORK PROVIDERS MUT INS CO

Medical Professional Liability (Claims-made)

11832 HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG (HEALTHCAP RRG)

Medical Professional Liability (Occurrence)

14444 LAMMICO RRG, INC.

Medical Professional Liability (Claims-made)

11958 LIFE SERVICES NETWORK RECIP INS RRG

Medical Professional Liability (Claims-made)

13589 MEDPRO RRG RISK RETENTION GROUP

Medical Professional Liability (Claims-made)

10124 MEDSTAR LIABILITY LTD INS CO INC RRG

Medical Professional Liability (Claims-made)

14062 MMIC RRG, INC.

Medical Professional Liability (Claims-made)

14366 NASW RISK RETENTION GROUP, INC.

Other Liability (Claims-made)

11806 NATIONAL ASSISTED LIVING RRG, INC.

Other Liability (Claims-made)

10234 NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)

Other Liability (Occurrence) First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by State NAIC Company Name

Primary Line of Business

13792 NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP

Other Liability (Claims-made)

12275 NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG

Medical Professional Liability (Claims-made) Commercial Auto Liability

10158 OCEAN RRG INC

Other Liability (Claims-made)

11973 PCH MUTUAL INSURANCE COMPANY, RRG

Medical Professional Liability (Claims-made)

11772 PEDIATRICANS INS RRG OF AMER

Commercial Auto Liability

12198 PINELANDS INS CO RRG INC

Other Liability (Occurrence)

11858 PINNACLE RRG INC 14919 PREFERRED PROFESSIONAL RRG

Other Liability (Occurrence)

11671 PROBUILDERS SPECIALTY INS CO RRG 13557 SIGMA RRG, INC.

Other Liability (Claims-made)

10754 SPIRIT MOUNTAIN INS CO RRG INC

Other Liability (Claims-made) Medical Professional Liability (Claims-made)

13786 VIRGINIA SENIOR CARE RISK RETENTION GROUP

DELAWARE Other Liability (Claims-made)

44148 ARCHITECTS & ENGINEERS INS CO RRG 43125 DELAWARE PROFESSIONAL INSURANCE CO

Medical Professional Liability (Claims-made)

14163 EMERGENCY CAPITAL MANAGEMENT, LLC, RRG

Medical Professional Liability (Claims-made) Other Liability (Occurrence)

12018 INDEMNITY INSURANCE CORPORATION, RRG

Medical Professional Liability (Claims-made)

14375 IRONSHORE RISK RETENTION GROUP, INC. 12554 MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP

Commercial Auto Liability Other Liability (Occurrence)

11117 MARATHON FIN INS CO INC RRG 14026 SUNLAND RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

12280 UNITED CONTRACTORS INS CO INC RRG

Other Liability (Occurrence)

FLORIDA Medical Professional Liability (Claims-made)

11809 PONCE DE LEON LTC RRG, INC.

HAWAII Other Liability (Occurrence)

11965 ALLEGIANT INS CO INC A RRG 22670 ATTORNEYS INSURANCE MUTUAL RRG INC

Other Liability (Claims-made)

44504 CALIFORNIA HEALTHCARE INS CO INC RRG

Medical Professional Liability (Claims-made)

43770 CLINIC MUTUAL INSURANCE CO RRG

Medical Professional Liability (Claims-made) Other Liability (Claims-made)

44598 COLLEGE LIABILITY INS CO A RECIP RRG

Other Liability (Occurrence)

11603 CONTRACTORS INS CO OF NORTH AMER RRG 12042 COOPERATIVE OF AMERICAN PHYSICIANS INSURANCE COMPANY, INC., A RRG

Other Liability (Claims-made)

13782 GERIC INSURANCE RISK RETENTION GROUP, INC.

Other Liability (Claims-made)

10080 HEALTH PROVIDERS INS RECIPROCAL RRG

Medical Professional Liability (Claims-made)

26257 MEDAMERICA MUTUAL RRG INC

Medical Professional Liability (Claims-made) Medical Professional Liability (Occurrence)

36072 NATIONAL GUARDIAN RISK RETENTION GROUP 13582 PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP 14461 PROFESSIONAL EXCHANGE ASSURANCE COMPANY (A RISK RETENTION GROUP)

Medical Professional Liability (Claims-made) Other Liability (Claims-made) Medical Professional Liability (Occurrence)

10840 PROFESSIONAL MEDICAL INS RRG INC

Product Liability (Occurrence)

14135 RPX RRG

Medical Professional Liability (Claims-made)

12005 SENTINEL ASSUR RRG INC

Other Liability (Claims-made)

13988 UV INSURANCE RISK RETENTION GROUP, INC.

IOWA Other Liability (Occurrence)

44202 AMERICAN FEED INDUSTRY INS CO RRG

ILLINOIS First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by State NAIC Company Name

Primary Line of Business Medical Professional Liability (Claims-made)

44121 OMS NATL INS CO RRG

INDIANA Other Liability (Claims-made)

28380 AGRI INSURANCE EXCHANGE RRG

Medical Professional Liability (Claims-made)

13893 COMMUNITY BLOOD CENTERS EXCH RRG

KENTUCKY 13580 ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP

Boiler and Machinery

13018 DOCTORS & SURGEONS NATIONAL RRG

Medical Professional Liability (Claims-made)

11872 KENTUCKIANA MEDICAL RECIPROCAL RRG

Medical Professional Liability (Claims-made)

11939 KENTUCKY HOSPITAL INS CO RRG

Medical Professional Liability (Claims-made)

MISSOURI Medical Professional Liability (Claims-made)

44083 PREFERRED PHYSICIANS MEDICAL RRG

MONTANA 12631 AMERICAN BUILDERS INSURANCE COMPANY RRG, INC. 11534 AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG

Other Liability (Occurrence) Commercial Auto Liability Other Liability (Claims-made)

32450 ATTORNEYS LIAB PROTECTION SOC RRG 13791 AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.

Product Liability (Occurrence)

15089 CARENEXT RISK RETENTION GROUP, INC. 13784 CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP

Other Liability (Occurrence) Other Liability (Claims-made)

13720 CROSSFIT RISK RETENTION GROUP, INC. 11696 GUARDIAN RRG INC

Medical Professional Liability (Claims-made)

12355 MD RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

11585 MOUNTAIN STATES HEALTHCARE RECIP RRG

Medical Professional Liability (Claims-made) Other Liability (Occurrence)

12293 NATIONAL CONTRACTORS INS CO INC RRG 12845 OBSTETRICIANS & GYNECOLOGISTS RISK RETENTION GROUP OF AMERICA, INC. 14108 PIA PROFESSIONAL LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP 12497 PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC

Medical Professional Liability (Claims-made) Reinsurance - Nonproportional Assumed Liability Other Liability (Occurrence)

13067 PROFESSIONALS RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

14136 SELECT MD RRG

Medical Professional Liability (Claims-made)

13974 VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

NEBRASKA Other Liability (Occurrence)

11500 LENDERS PROTECTION ASSUR CO RRG

NEVADA 13606 AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP 13177 ARCOA RISK RETENTION GROUP, INC. 14425 ASSOCIATION OF CERTIFIED MORTGAGE ORIGINATORS RISK RETENTION GROUP, INC. 14169 BEST CARE INSURANCE COMPANY RISK RETENTION GROUP, INC. 13010 BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP

Other Liability (Occurrence) Commercial Auto Liability Other Liability (Claims-made) Medical Professional Liability (Claims-made) Other Liability (Occurrence)

12003 EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)

Medical Professional Liability (Claims-made)

11714 EMERGENCY PHYSICIANS INS CO RRG

Medical Professional Liability (Claims-made)

14439 FIDUCIARIES RISK RETENTION GROUP, INC.

Other Liability (Claims-made)

11145 GOLDEN INS CO RRG

Other Liability (Claims-made)

13973 GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.

Other Liability (Claims-made)

11950 HOME CONSTRUCTION INS CO RRG

Other Liability (Occurrence) First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by State NAIC Company Name

Primary Line of Business

12594 J.M. WOODWORTH RRG, INC.

Medical Professional Liability (Claims-made)

13014 LANCET INDEMNITY RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

14084 LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP

Other Liability (Claims-made) Other Liability (Occurrence)

12235 NATIONAL BUILDERS & CONTRACTORS INS 12539 NEVADA DOCS MEDICAL RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

13995 PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

12746 PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

12613 PREMIER PHYSICIANS INSURANCE COMPANY, A RISK RETENTION GROUP

Medical Professional Liability (Claims-made) Other Liability (Occurrence)

13179 PROAIR RISK RETENTION GROUP, INC. 12988 SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP 14207 SPIRIT COMMERCIAL AUTO RISK RETENTION GROUP 13993 STATE CAPITOL INSURANCE RISK RETENTION GROUP, INC. 12915 URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP

Medical Professional Liability (Claims-made) Commercial Auto Liability Other Liability (Claims-made) Medical Professional Liability (Claims-made)

OKLAHOMA Medical Professional Liability (Claims-made)

14205 PLICO RISK RETENTION GROUP, INC. 11063 VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP

Other Liability (Occurrence)

SOUTH CAROLINA 12013 ALLIED SERVICES RISK RETENTION GROUP 11590 AMERICAN FOREST CASUALTY COMPANY RRG 12224 ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made) Commercial Auto Liability Other Liability (Occurrence)

11544 CAREGIVERS UNITED LIAB INS CO RRG

Medical Professional Liability (Claims-made)

11694 CENTRAL PA PHYSICIANS RRG INC

Medical Professional Liability (Claims-made)

11992 CLARIAN HLTH RRG INC

Medical Professional Liability (Occurrence)

11807 COMMUNITIES OF FAITH RRG INC

Medical Professional Liability (Claims-made)

11798 CONTINUING CARE RRG, INC.

Medical Professional Liability (Claims-made)

12015 EMERGENCY MEDICINE RRG INC

Medical Professional Liability (Claims-made)

11801 FIRST KEYSTONE RISK RETENTION GROUP, INC.

Commercial Auto Liability

12512 GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

11581 GRACO RRG INC

Medical Professional Liability (Claims-made)

12014 GUTHRIE RRG

Medical Professional Liability (Claims-made)

11683 HEALTHCARE PROVIDERS INS CO RRG

Medical Professional Liability (Claims-made)

11097 HERITAGE WARRANTY INS RRG INC

Other Liability (Claims-made)

11684 LVHN RRG

Medical Professional Liability (Claims-made)

14219 MILLBROOK NMF RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

11197 NATIONAL INDEPENDENT TRUCKERS IC RRG

Commercial Auto Liability

12529 NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

12532 NEW STAR RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

10752 NOVUS INS CO RRG

Medical Professional Liability (Claims-made)

12189 OCEANUS INS CO A RRG

Medical Professional Liability (Claims-made)

14260 ORTHOFORUM INSURANCE COMPANY (A RISK RETENTION GROUP)

Medical Professional Liability (Claims-made)

12004 PHOEBE RECIPROCAL RRG

Other Liability (Claims-made)

12507 PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP

Medical Professional Liability (Claims-made)

11513 PHYSICIANS SPECIALTY LTD RRG

Medical Professional Liability (Claims-made)

13078 RED CLAY RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made) First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by State NAIC Company Name

Primary Line of Business Other Liability (Occurrence)

12019 REPUBLIC RRG 11712 SAINT LUKE'S HLTH SYSTEM RRG

Medical Professional Liability (Claims-made)

12511 SAMARITAN RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

12907 SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.

Medical Professional Liability (Occurrence) Other Liability (Claims-made)

11114 ST CHARLES INS CO RRG 13135 SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC

Medical Professional Liability (Claims-made)

11669 SUPERIOR INS CO RRG

Medical Professional Liability (Claims-made)

11153 TITAN INS CO INC RRG

Other Liability (Occurrence)

TENNESSEE Commercial Auto Liability

44130 PARATRANSIT INSURANCE COMPANY, RRG

TEXAS Commercial Auto Liability

12300 AMERICAN CONTRACTORS INS CO RRG

UTAH 12627 LIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY

Commercial Auto Liability

VIRGINIA 41246 HOW INSURANCE COMPANY, A RISK RETENTION GROUP

Product Liability (Occurrence)

VERMONT 12934 ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP

Medical Professional Liability (Claims-made)

13677 AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP

Medical Professional Liability (Claims-made)

10023 ALLIANCE OF NONPROFITS FOR INS RRG 10903 AMERICAN EXCESS INS EXCHANGE RRG 25448 AMERICAN SAFETY RRG INC 12171 AMERIGUARD RRG INC

Commercial Auto Liability Medical Professional Liability (Claims-made) Other Liability (Occurrence) Commercial Auto Liability

10639 ATTORNEYS LIAB ASSUR SOCIETY INC RRG

Other Liability (Claims-made)

10174 BAR VERMONT RISK RETENTION GROUP INC

Other Liability (Claims-made)

12933 BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

13788 BROADLINE RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

10808 CASSATT RISK RETENTION GROUP INC

Medical Professional Liability (Claims-made)

11531 CHC CAS RRG 11839 CIRCLE STAR INS CO RRG

Other Liability (Claims-made) Commercial Auto Liability

12172 CLAIM PROFESSIONALS LIAB INS CO RRG

Other Liability (Claims-made)

13613 COLLEGE RISK RETENTION GROUP, INC.

Other Liability (Occurrence)

10803 COLUMBIA NATIONAL RRG INC 11864 COMCARE PRO INS RECIPROCAL RRG

Warranty Other Liability (Claims-made)

11536 COMMUNITY HEALTH ALLIANCE RECIP RRG

Medical Professional Liability (Claims-made)

11259 COMMUNITY HOSPITAL RRG

Medical Professional Liability (Claims-made)

10075 CONSUMER SPECIALTIES INSURANCE COMPANY RRG 10341 CONTROLLED RISK INS CO OF VT RRG 10164 CPA MUTUAL INS CO OF AMERICA RRG

Other Liability (Occurrence) Medical Professional Liability (Claims-made) Other Liability (Claims-made)

11676 CRUDEN BAY RRG INC

Medical Professional Liability (Claims-made)

13655 CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP

Medical Professional Liability (Claims-made)

10115 EASTERN DENTISTS INS CO RRG

Medical Professional Liability (Claims-made)

38466 EVERGREEN USA RRG INC 11698 FAITH AFFILIATED RRG INC

Other Liability (Occurrence) Medical Professional Liability (Occurrence) First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by State NAIC Company Name 11278 FIRST MEDICAL INS CO RRG

Primary Line of Business Medical Professional Liability (Occurrence)

10842 FRANKLIN CASUALTY INS CO RRG

Medical Professional Liability (Claims-made)

12016 FREDERICKSBURG PROFESSIONAL RISK EXC

Medical Professional Liability (Claims-made)

14032 GABLES RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

12000 GEISINGER INS CORP RRG

Medical Professional Liability (Claims-made)

10163 GENERAL EASTERN SKI INS RRG INC 11948 GLOBAL HAWK INSURANCE COMPANY RRG

Other Liability (Occurrence) Commercial Auto Liability

11941 GREEN HILLS INS CO RRG

Medical Professional Liability (Claims-made)

13057 HAMDEN ASSURANCE RRG, INC.

Medical Professional Liability (Claims-made)

11998 HEARTLAND HEALTHCARE RECIP RRG

Medical Professional Liability (Claims-made)

26797 HOUSING AUTHORITY RRG INC

Other Liability (Claims-made)

11268 ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP

Other Liability (Claims-made)

11692 INDIANA HEALTHCARE RECIP RRG

Medical Professional Liability (Claims-made)

11803 LAKE STREET RRG INC

Medical Professional Liability (Claims-made)

10697 MCIC VERMONT INC RRG

Medical Professional Liability (Claims-made)

44237 MENTAL HEALTH RISK RETENTION GROUP

Other Liability (Claims-made)

11999 MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP

Other Liability (Claims-made)

13812 MOUNTAIN LAKE RISK RETENTION GROUP, INC. 11547 MOUNTAIN LAUREL RRG INC 10083 NATIONAL CATHOLIC RRG

Commercial Auto Liability Medical Professional Liability (Claims-made) Other Liability (Occurrence)

14130 NCMIC RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

13059 NORTH SHORE - LIJ PHYSICIANS INSURANCE COMPANY RISK RETENTION GROUP

Medical Professional Liability (Claims-made)

13644 OASIS RECIPROCAL RISK RETENTION GROUP

Medical Professional Liability (Claims-made)

10353 OOIDA RISK RETENTION GROUP INC 44105 OPHTHALMIC MUTUAL INS CO RRG 10171 ORDINARY MUTUAL A RRG CORP

Commercial Auto Liability Medical Professional Liability (Claims-made) Other Liability (Claims-made)

11575 PACE RRG INC

Medical Professional Liability (Claims-made)

11846 PEACE CHURCH RRG INC

Medical Professional Liability (Claims-made)

11587 PELICAN INS RRG

Medical Professional Liability (Claims-made)

12918 PHYSICIANS' INSURANCE EXCHANGE RESOURCE, A RISK RETENTION GROUP 11514 PHYSICIANS PROFESSIONAL LIABILTY RRG 10934 PHYSICIANS REIMBURSEMENT RRG 12348 PINE TREE INS RECIPROCAL RRG 11980 PINNACLE CONSORTIUM OF HIGHER ED RRG 12608 PROFESSIONAL QUALITY LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP 11350 PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG 12209 RESTORATION RISK RETENTION GROUP, INC. 11808 SCHUYKILL CROSSING RECIPROCAL RRG 11267 SECURITY AMERICA RRG INC 11688 ST LUKES HEALTH NETWORK INS CO RRG

Medical Professional Liability (Occurrence) Medical Professional Liability (Claims-made) Medical Professional Liability (Occurrence) Medical Professional Liability (Claims-made) Other Liability (Occurrence) Medical Professional Liability (Claims-made) Other Liability (Claims-made) Other Liability (Occurrence) Medical Professional Liability (Claims-made) Other Liability (Occurrence) Medical Professional Liability (Claims-made)

44075 STATES SELF-INSURERS RRG

Other Liability (Occurrence)

10476 STICO MUT INS CO RRG

Other Liability (Occurrence)

10113 TERRA INS CO RRG

Other Liability (Claims-made) First Quarter 2013 - RRG Analysis


Risk Retention Groups - Listing by State NAIC Company Name

Primary Line of Business

14395 TERRAFIRMA RISK RETENTION GROUP LLC

Other Liability (Claims-made) Medical Professional Liability (Occurrence)

10152 THE HEALTHCARE UNDERWRITING CO RRG

Other Liability (Claims-made)

10084 TITLE INDUSTRY ASSURANCE CO RRG

Medical Professional Liability (Claims-made)

11548 UNITED CENTRAL PA RRG

Other Liability (Occurrence)

10020 UNITED EDUCATORS INS RRG INC

Warranty

10712 UNITED HOME INSURANCE CO A RRG 11802 WARREN RRG INC

Medical Professional Liability (Claims-made)

11682 WELLSPAN RRG

Medical Professional Liability (Claims-made)

14122 WESTERN CATHOLIC INSURANCE COMPANY RRG

Other Liability (Occurrence)

13154 WINTHROP PHYSICIANS RECIPROCAL RISK RETENTION GROUP

Medical Professional Liability (Claims-made)

11796 YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)

Medical Professional Liability (Claims-made)

WEST VIRGINIA 12779 MOUNTAINEER FREEDOM RISK RETENTION GROUP, INC.

Medical Professional Liability (Claims-made)

First Quarter 2013 - RRG Analysis


Risk Retention Groups Analysis by Company


Risk Retention Groups - Selected Statutory Balance Sheet and Schedule P Data NAIC 12934

COMPANY ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP

Cash & Invested Assets

Reinsurance Recoverables

Other Assets

Total Assets

Loss & LAE Reserves

Unearned Premium Reserve

Other Liabilities

Total Liabilities

Policyholders' Surplus

Prior Year-End Loss LAE Reserve Developed (Savings)/Deficiency (000s)

$1,592,388

$0

$1,308,747

$2,901,135

$326,081

$41,134

$743,613

$1,110,828

$1,790,307

($36)

12166

ADVANCED PHYSICIANS INS RRG INC

$1,521,503

$0

$470,388

$1,991,891

$0

$295,564

$15,207

$310,771

$1,681,120

$0

12252

AEGIS HEALTHCARE RRG, INC.

$2,211,000

$0

$2,244,051

$4,455,051

$1,625,760

$1,108,922

$523,228

$3,257,910

$1,197,141

($1) $0

13677

AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP

$5,357,655

$0

$1,449,947

$6,807,602

$676,267

$290,369

$2,822,158

$3,788,794

$3,018,808

13606

AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP

$1,406,715

$0

$505,892

$1,912,607

$1,867,745

$0

$12,208

$1,879,953

$32,654

$0

28380

AGRI INSURANCE EXCHANGE RRG

$14,974,378

$0

$25,728

$15,000,106

$1,820,000

$666,086

$518,700

$3,004,786

$11,995,320

($159)

11965

ALLEGIANT INS CO INC A RRG

$13,456,569

$1,838,538

$814,062

$16,109,169

$8,264,045

$0

$2,610,936

$10,874,981

$5,234,188

$0

10023

ALLIANCE OF NONPROFITS FOR INS RRG

$50,010,807

$0

$9,548,318

$59,559,125

$21,920,084

$8,183,588

$1,594,299

$31,697,971

$27,861,154

$71

11710

ALLIED PROFESSIONALS INSURANCE COMPANY, RRG

$30,518,587

$0

$3,692,354

$34,210,941

$9,019,389

$9,018,730

$3,169,082

$21,207,201

$13,003,740

$667

12013

ALLIED SERVICES RISK RETENTION GROUP

$6,067,592

$0

$18,825

$6,086,417

$2,631,606

$253,055

$283,321

$3,167,982

$2,918,435

($601)

10232

AMERICAN ASSOC OF OTHODONTISTS RRG

$35,503,238

$0

$1,264,734

$36,767,972

$21,105,233

$2,968,088

$1,275,929

$25,349,250

$11,418,722

$0

12631

AMERICAN BUILDERS INSURANCE COMPANY RRG, INC.

$1,154,987

$68,287

$27,138

$1,250,412

$103,925

$0

$382,593

$486,518

$763,894

$0

12300

AMERICAN CONTRACTORS INS CO RRG

$7,826,405

$0

$1,472,285

$9,298,690

$0

$0

$2,026,910

$2,026,910

$7,271,780

$0 $48

10903

AMERICAN EXCESS INS EXCHANGE RRG

$411,175,667

$0

$2,019,633

$413,195,300

$150,837,356

$3,890,260

$11,029,468

$165,757,084

$247,438,216

44202

AMERICAN FEED INDUSTRY INS CO RRG

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

11590

AMERICAN FOREST CASUALTY COMPANY RRG

$8,690,086

$0

$586,028

$9,276,114

$4,256,454

$762,377

$433,270

$5,452,101

$3,824,013

$0

25448

AMERICAN SAFETY RRG INC

$13,527,248

$0

$5,994,299

$19,521,547

$4,004,722

$3,762,182

$1,888,008

$9,654,912

$9,866,635

$0

11534

AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG

$14,549,159

$0

$355,809

$14,904,968

$5,240,653

$1,920,866

$2,547,124

$9,708,643

$5,196,325

($323)

12171

AMERIGUARD RRG INC

$10,885,590

$0

$453,689

$11,339,279

$2,166,945

$38,163

$1,630,048

$3,835,156

$7,504,123

($2)

11598

APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.

$76,298,416

$0

$18,808,545

$95,106,961

$48,255,505

$19,079,124

$1,030,390

$68,365,019

$26,741,942

($164)

44148

ARCHITECTS & ENGINEERS INS CO RRG

$12,558,213

$0

$8,402,551

$20,960,764

$3,784,308

$2,369,067

$5,125,772

$11,279,147

$9,681,617

($569)

13177

ARCOA RISK RETENTION GROUP, INC.

$10,318,018

$0

$2,117,310

$12,435,328

$9,815,314

$0

$327,801

$10,143,115

$2,292,213

$39

13580

ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP

$1,480,246

$0

$1,114,622

$2,594,868

$150,000

$346,525

$59,595

$556,120

$2,038,748

$0

12224

ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.

$1,918,070

$0

$15,471

$1,933,541

$514,315

$0

$430,402

$944,717

$988,824

($8)

14425

ASSOCIATION OF CERTIFIED MORTGAGE ORIGINATORS RISK RETENTION GROUP, INC.

$1,005,328

$0

$6,365

$1,011,693

$0

$0

$23,548

$23,548

$988,145

$0 ($2,012)

33677

ATTORNEYS INS MUTUAL OF ALABAMA INC

$15,151,433

$0

$386,621

$15,538,054

$4,120,198

$1,253,488

$2,283,893

$7,657,579

$7,880,475

22670

ATTORNEYS INSURANCE MUTUAL RRG INC

$13,045,810

$0

$966,190

$14,012,000

$4,762,097

$885,765

$653,688

$6,301,550

$7,710,450

($51)

10639

ATTORNEYS LIAB ASSUR SOCIETY INC RRG

$127,881,860

$0

$143,986,317

$271,868,177

$58,630,381

$19,622,277

$134,358,889

$212,611,547

$59,256,630

($149)

32450

ATTORNEYS LIAB PROTECTION SOC RRG

$90,856,777

$0

$8,622,765

$99,479,542

$41,651,897

$15,023,204

$7,806,702

$64,481,803

$34,997,739

($232)

13795

ATTPRO RRG RECIPROCAL RISK RETENTION GROUP

$1,396,563

$0

$114,520

$1,511,083

$6,844

$5,285

$90,759

$102,888

$1,408,195

$0

13791

AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.

$1,474,054

$0

$1,326,951

$2,801,005

$327,066

$1,318,582

$96,668

$1,742,316

$1,058,689

$1

10174

BAR VERMONT RISK RETENTION GROUP INC

$20,202,667

$0

$2,231,298

$22,433,965

$4,788,267

$1,014,144

$2,222,973

$8,025,384

$14,408,581

($252)

12933

BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.

$25,803,163

$0

$19,683,075

$45,486,238

$18,475,713

$6,058,742

$15,524,591

$40,059,046

$5,427,192

$0

14169

BEST CARE INSURANCE COMPANY RISK RETENTION GROUP, INC.

$1,020,822

$0

$19,505

$1,040,327

$0

$11,582

$16,609

$28,191

$1,012,136

$0

13010

BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP

$2,442,925

$0

$387,602

$2,830,527

$52,313

$1,162,476

$411,364

$1,626,153

$1,204,374

($3) ($166)

13788

BROADLINE RISK RETENTION GROUP, INC.

$70,375,917

$0

$20,504,006

$90,879,923

$54,366,171

$4,874,882

$308,265

$59,549,318

$31,330,605

44504

CALIFORNIA HEALTHCARE INS CO INC RRG

$99,519,997

$0

$20,446,472

$119,966,469

$54,520,259

$10,101,096

$9,239,664

$73,861,019

$46,105,450

$262

12180

CALIFORNIA MEDICAL GRP INS CO RRG

$11,424,284

$0

$1,403,166

$12,827,450

$5,460,043

$480,196

$179,332

$6,119,571

$6,707,879

($1,372)

11825

CARE RRG, INC.

$11,842,697

$857,349

$1,876,909

$14,576,955

$6,190,003

$2,699,689

$970,122

$9,859,814

$4,717,141

($190)

11544

CAREGIVERS UNITED LIAB INS CO RRG

$34,707,983

$91,917

$4,229,727

$39,029,627

$9,745,514

$3,985,665

$623,614

$14,354,793

$24,674,834

($27)

15089

CARENEXT RISK RETENTION GROUP, INC.

$500,000

$0

$130,300

$630,300

$0

$0

$95,917

$95,917

$534,383

$0

12373

CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP

$51,044,300

$0

$46,629,794

$97,674,094

$10,740,227

$5,254,865

$45,729,596

$61,724,688

$35,949,406

$0

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Statutory Balance Sheet and Schedule P Data NAIC

COMPANY

Cash & Invested Assets

Reinsurance Recoverables

Other Assets

Total Assets

Loss & LAE Reserves

Unearned Premium Reserve

Other Liabilities

Total Liabilities

Policyholders' Surplus

Prior Year-End Loss LAE Reserve Developed (Savings)/Deficiency (000s)

10808

CASSATT RISK RETENTION GROUP INC

$4,896,363

$0

$2,864,853

$7,761,216

$471,150

$25,000

$3,582,390

$4,078,540

$3,682,676

$1

13784

CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP

$1,201,785

$0

$120,074

$1,321,859

$25,571

$1,000

$75,294

$101,865

$1,219,994

($27)

11694

CENTRAL PA PHYSICIANS RRG INC

$61,256,816

$0

$1,998,412

$63,255,228

$31,173,739

$8,927,773

$1,502,505

$41,604,017

$21,651,211

$1

11976

CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.

$12,887,218

$0

$2,667,422

$15,554,640

$5,425,749

$1,623,638

($114,412)

$6,934,975

$8,619,665

$434

12167

CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG

$3,503,148

$64,601

$196,201

$3,763,950

$275,413

$705,286

$158,761

$1,139,460

$2,624,490

$4

11531

CHC CAS RRG

$36,308,714

$0

$6,327,694

$42,636,408

$18,000,000

$5,913,695

$753,033

$24,666,728

$17,969,680

($1,658)

14388

CHEROKEE GUARANTEE COMPANY INC., RRG

$2,712,873

$333,636

$1,821,990

$4,868,499

$1,545,080

$1,742,696

$85,291

$3,373,067

$1,495,432

($58)

11839

CIRCLE STAR INS CO RRG

$2,134,872

$0

$6,793,633

$8,928,505

$516,921

$316,086

$6,665,293

$7,498,300

$1,430,205

$0

12172

CLAIM PROFESSIONALS LIAB INS CO RRG

$3,020,761

$0

$862,328

$3,883,089

$736,198

$272,146

$1,207,748

$2,216,092

$1,666,997

$31

$2,294,870

$0

$1,538,829

$3,833,699

$0

$0

$1,229,243

$1,229,243

$2,604,456

$138

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0 $0

11992

CLARIAN HLTH RRG INC

43770

CLINIC MUTUAL INSURANCE CO RRG

13756

CMIC RISK RETENTION GROUP

$3,546,156

$0

$188,705

$3,734,861

$45,306

$150,943

$525,061

$721,310

$3,013,551

11668

COASTAL INS RRG INC

$40,358,495

$0

$5,210,289

$45,568,784

$16,487,096

$3,770,005

$7,843,904

$28,101,005

$17,467,779

$39

44598

COLLEGE LIABILITY INS CO A RECIP RRG

$11,310,587

$0

$2,152,678

$13,463,265

$3,065,238

$563,521

$151,467

$3,780,226

$9,683,038

$157

13613

COLLEGE RISK RETENTION GROUP, INC.

$13,846,974

$0

$275,784

$14,122,758

$6,997,467

$2,031,950

$39,055

$9,068,472

$5,054,286

$0

10803

COLUMBIA NATIONAL RRG INC

$1,625,745

$0

$41,756

$1,667,501

$0

$276,309

$295,608

$571,917

$1,095,584

$0

11864

COMCARE PRO INS RECIPROCAL RRG

$3,833,727

$0

$220,248

$4,053,975

$777,443

$499,189

$92,387

$1,369,019

$2,684,956

$172

11807

COMMUNITIES OF FAITH RRG INC

$15,175,668

$0

$387,960

$15,563,628

$858,634

$758,134

$79,393

$1,696,161

$13,867,467

$0

13893

COMMUNITY BLOOD CENTERS EXCH RRG

$20,658,634

$0

$291,552

$20,950,186

$4,512,842

$726,539

$2,583,040

$7,822,421

$13,127,765

($200)

11536

COMMUNITY HEALTH ALLIANCE RECIP RRG

$109,826,538

$0

$9,497,322

$119,323,860

$40,762,341

$8,489,108

$44,941,057

$94,192,506

$25,131,354

$109

11259

COMMUNITY HOSPITAL RRG

$208,623,836

$0

$29,275,805

$237,899,641

$122,304,851

$28,758,941

$4,026,860

$155,090,652

$82,808,990

$852

10075

CONSUMER SPECIALTIES INSURANCE COMPANY RRG

$4,980,970

$110,056

$361,062

$5,452,088

$1,673,574

$184,312

$237,714

$2,095,600

$3,356,488

$1

11798

CONTINUING CARE RRG, INC.

$682,063

$0

$6,355,752

$7,037,815

$1,657,538

$782,858

$1,557,749

$3,998,145

$3,039,670

($93) ($882)

11603

CONTRACTORS INS CO OF NORTH AMER RRG

$36,609,779

$0

$5,958,916

$42,568,695

$22,756,370

$329,473

$2,237,800

$25,323,643

$17,245,052

10341

CONTROLLED RISK INS CO OF VT RRG

$56,887,988

$0

$74,920,487

$131,808,475

$17,323,544

$12,392,487

$68,548,436

$98,264,467

$33,544,008

$0

12042

COOPERATIVE OF AMERICAN PHYSICIANS INSURANCE COMPANY, INC., A RRG

$33,893,896

$82,500

$5,030,655

$39,007,051

$11,198,372

$4,789,704

$1,820,735

$17,808,811

$21,198,240

$0

14906

COPIC, A RISK RETENTION GROUP

$600,000

$0

$17,845

$617,845

$0

$0

$50,987

$50,987

$566,858

$0

14160

COVERYS RRG, INC.

$4,880,947

$0

$77,987

$4,958,934

$3,720

$4,615

$84,576

$92,911

$4,866,024

$0

10164

CPA MUTUAL INS CO OF AMERICA RRG

$18,096,508

$106,759

$5,138,455

$23,341,722

$8,583,725

$1,263,296

$3,283,131

$13,130,152

$10,211,570

$7

13720

CROSSFIT RISK RETENTION GROUP, INC.

$2,031,276

$0

$330,168

$2,361,444

$414,764

$751,295

$178,400

$1,344,459

$1,016,985

$45

11676

CRUDEN BAY RRG INC

$14,393,268

$0

$2,042,015

$16,435,283

$6,757,774

$1,883,562

$567,991

$9,209,327

$7,225,956

$315 $5

13655

CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP

$6,914,653

$0

$8,888,694

$15,803,347

$2,623,511

$3,305,751

$5,708,321

$11,637,583

$4,165,764

43125

DELAWARE PROFESSIONAL INSURANCE CO

$9,237,132

$0

$185,176

$9,422,308

$4,733,726

$689,766

$123,226

$5,546,718

$3,875,590

$0

13018

DOCTORS & SURGEONS NATIONAL RRG

$8,225,118

$0

$2,316,155

$10,541,273

$3,787,035

$3,292,334

$783,635

$7,863,004

$2,678,269

$91

11842

DUBOIS MEDICAL RRG

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

10115

EASTERN DENTISTS INS CO RRG

$41,347,565

$369,146

$5,887,930

$47,604,641

$21,584,892

$5,065,222

$2,140,084

$28,790,198

$18,814,443

$2

10125

ELITE TRANSPORTATION RRG INC

$9,542,408

$0

$4,931,375

$14,473,783

$4,969,906

$2,876,686

$4,364,609

$12,211,201

$2,262,582

($245)

14163

EMERGENCY CAPITAL MANAGEMENT, LLC, RRG

$4,154,241

$15,767

$97,840

$4,267,848

$900,704

$509,130

$958,007

$2,367,841

$1,900,008

$0

12003

EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)

$12,134,404

$709,664

$8,666,181

$21,510,249

$7,988,085

$1,444,978

$5,961,478

$15,394,541

$6,115,708

$0

12015

EMERGENCY MEDICINE RRG INC

$8,635,106

$0

$2,248,403

$10,883,509

$4,284,246

$830,617

$713,905

$5,828,768

$5,054,741

$529

11714

EMERGENCY PHYSICIANS INS CO RRG

$35,591,965

$1,587,187

$4,055,008

$41,234,160

$26,935,797

$4,356,845

$978,217

$32,270,859

$8,963,301

$172

38466

EVERGREEN USA RRG INC

$11,198,509

$0

$3,800,260

$14,998,769

$6,258,786

$1,622,910

$670,267

$8,551,963

$6,446,806

$0

11840

FAIRWAY PHYSICIANS INS CO RRG

$19,199,180

$2,505,225

$6,695,598

$28,400,003

$15,224,008

$5,814,000

$707,314

$21,745,322

$6,654,681

$17

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Statutory Balance Sheet and Schedule P Data NAIC

COMPANY

11698

FAITH AFFILIATED RRG INC

14439

FIDUCIARIES RISK RETENTION GROUP, INC.

11801

FIRST KEYSTONE RISK RETENTION GROUP, INC.

11278

FIRST MEDICAL INS CO RRG

12625

FORT WAYNE MEDICAL SURETY COMPANY, RRG

10842

Cash & Invested Assets

Reinsurance Recoverables

Other Assets

Total Assets

Loss & LAE Reserves

Unearned Premium Reserve

Other Liabilities

Total Liabilities

Policyholders' Surplus

Prior Year-End Loss LAE Reserve Developed (Savings)/Deficiency (000s) ($113)

$8,072,645

$0

$62,445

$8,135,090

$2,879,976

$287,486

$71,553

$3,239,015

$4,896,075

$501,744

$0

$12,522

$514,266

$0

$0

$0

$0

$514,266

$0

$8,679,291

$0

$5,254,080

$13,933,371

$6,688,183

$3,874,565

$765,401

$11,328,149

$2,605,222

$416

$109,631,794

$0

$903,971

$110,535,765

$39,955,689

$2,780,611

$1,438,009

$44,174,309

$66,361,456

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

FRANKLIN CASUALTY INS CO RRG

$3,945,618

$0

$17,050,663

$20,996,281

$6,885,837

$861,213

$10,561,620

$18,308,670

$2,687,611

$232

12016

FREDERICKSBURG PROFESSIONAL RISK EXC

$12,381,868

$0

$6,700,194

$19,082,062

$6,978,479

$1,612,988

$128,715

$8,720,182

$10,361,880

$58

14032

GABLES RISK RETENTION GROUP, INC.

$1,976,619

$0

$2,929,832

$4,906,451

$1,523,435

$1,433,916

$178,114

$3,135,465

$1,770,986

$521

$2,252,898

$0

$13,006,653

$15,259,551

$500,000

$263,089

$3,054,849

$3,817,938

$11,441,613

$0

$842,954

$0

$620,691

$1,463,645

$213,960

$0

$172,891

$386,851

$1,076,794

$0

12000

GEISINGER INS CORP RRG

10163

GENERAL EASTERN SKI INS RRG INC

13782

GERIC INSURANCE RISK RETENTION GROUP, INC.

$1,989,404

$0

$39,609

$2,029,013

$4,883

$24,477

$0

$29,360

$1,999,653

$0

11948

GLOBAL HAWK INSURANCE COMPANY RRG

$12,147,412

$1,038,059

$3,490,227

$16,675,698

$5,087,060

$6,194,157

$539,963

$11,821,180

$4,854,518

$281

10991

GLOBAL INTL INS CO INC A RRG

$18,946,769

$0

$1,050,493

$19,997,262

$0

$0

$821,847

$821,847

$19,175,415

$0

11145

GOLDEN INS CO RRG

$3,926,094

$0

$1,892,828

$5,818,922

$838,379

$2,272,325

$344,627

$3,455,331

$2,363,591

$151

12512

GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.

$3,686,310

$0

$1,247,400

$4,933,710

$1,307,696

$1,236,750

$30,909

$2,575,355

$2,358,355

($105)

13973

GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.

$785,403

$0

$242,619

$1,028,022

$0

$261,248

$254,979

$516,227

$511,795

$0

11581

GRACO RRG INC

11941

GREEN HILLS INS CO RRG

$509,185

$0

$1,281,809

$1,790,994

$0

$0

$1,212,096

$1,212,096

$578,898

$0

$22,448,451

$0

$1,286,089

$23,734,540

$6,899,438

$1,118,677

$1,348,957

$9,367,072

$14,367,468

$369

11696

GUARDIAN RRG INC

$5,223,321

$0

$995,874

$6,219,195

$2,113,382

$791,089

$136,432

$3,040,903

$3,178,292

$0

12014

GUTHRIE RRG

$43,093,380

$0

$2,274,886

$45,368,266

$25,651,517

$1,956,132

$98,381

$27,706,030

$17,662,236

$1,119

13057

HAMDEN ASSURANCE RRG, INC.

$2,042,526

$0

$84,581,014

$86,623,540

$0

$0

$85,086,817

$85,086,817

$1,536,723

$0

12236

HEALTH CARE CAS RRG INC

$15,594,176

$0

$2,635,424

$18,229,600

$5,958,336

$2,252,400

$8,188,921

$16,399,657

$1,829,943

($277)

11813

HEALTH NETWORK PROVIDERS MUT INS CO

$6,941,069

$0

$463,848

$7,404,917

$2,970,596

$313,762

$1,252,182

$4,536,540

$2,868,377

$0

10080

HEALTH PROVIDERS INS RECIPROCAL RRG

$75,125,486

$0

$5,747,109

$80,872,595

$26,119,615

$5,246,384

$592,247

$31,958,246

$48,914,349

$328

11832

HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG (HEALTHCAP RRG)

$24,952,260

$109,568

$17,223,687

$42,285,515

$9,261,597

$1,711,382

$16,525,151

$27,498,130

$14,787,383

$22

11683

HEALTHCARE PROVIDERS INS CO RRG

$68,740,126

$0

$2,058,175

$70,798,301

$20,788,163

$3,568,123

$4,351,293

$28,707,579

$42,090,722

$0

11998

HEARTLAND HEALTHCARE RECIP RRG

$16,721,160

$0

$308,695

$17,029,855

$6,154,344

$2,096,173

$230,745

$8,481,262

$8,548,593

($12)

11097

HERITAGE WARRANTY INS RRG INC

$882,810

$0

$0

$882,810

$7,500

$172,900

$86,017

$266,417

$616,393

($11)

11950

HOME CONSTRUCTION INS CO RRG

$6,254,182

$0

$83,304

$6,337,486

$3,312,657

$5,643

$625,357

$3,943,657

$2,393,829

$0

26797

HOUSING AUTHORITY RRG INC

$302,680,645

$602,086

$11,569,604

$314,852,335

$89,455,245

$12,509,414

$17,429,766

$119,394,425

$195,457,909

($2,391)

41246

HOW INSURANCE COMPANY, A RISK RETENTION GROUP

$121,739,957

$0

$1,455,686

$123,195,643

$1,382,942

$0

$11,688,604

$13,071,546

$110,124,096

$28

11268

ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP

$294,859,709

$0

$14,760,399

$309,620,108

$58,319,714

$9,404,098

$13,502,841

$81,226,653

$228,393,455

($3,764) $624

12018

INDEMNITY INSURANCE CORPORATION, RRG

$28,503,040

$618,961

$46,366,817

$75,488,818

$16,018,551

$29,466,700

$5,479,142

$50,964,393

$24,524,425

11692

INDIANA HEALTHCARE RECIP RRG

$28,256,345

$0

$3,252,373

$31,508,718

$11,174,449

$3,513,379

$882,391

$15,570,219

$15,938,499

$67

12320

INNOVATIVE PHYSICIAN SOLUTIONS RRG

$3,553,939

$0

$1,144,469

$4,698,408

$2,245,436

$302,760

$9,783

$2,557,979

$2,140,429

$178

14375

IRONSHORE RISK RETENTION GROUP, INC.

$471,317

$0

$2,878,682

$3,349,999

$28,188

$98,383

$2,204,957

$2,331,528

$1,018,471

$11

12594

J.M. WOODWORTH RRG, INC.

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

11872

KENTUCKIANA MEDICAL RECIPROCAL RRG

$46,985,907

$0

$6,774,763

$53,760,670

$18,459,465

$2,875,744

$2,125,439

$23,460,648

$30,300,022

$449 ($127)

11939

KENTUCKY HOSPITAL INS CO RRG

$19,306,281

$0

$3,595,788

$22,902,069

$8,885,636

$2,242,773

$2,299,982

$13,428,391

$9,473,678

11803

LAKE STREET RRG INC

$2,692,569

$0

$292,521

$2,985,090

$1,082,220

$234,092

$73,240

$1,389,552

$1,595,538

$1

14444

LAMMICO RRG, INC.

$609,890

$0

$17,145

$627,035

$4,967

$1,049

$60,202

$66,218

$560,817

$0

13014

LANCET INDEMNITY RISK RETENTION GROUP, INC.

$12,828,596

$2,235

$4,220,260

$17,051,091

$7,161,548

$4,082,972

$1,600,357

$12,844,877

$4,206,214

$77

11500

LENDERS PROTECTION ASSUR CO RRG

$2,408,729

$0

$62,112

$2,470,841

$0

$0

$59,294

$59,294

$2,411,547

$0

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Statutory Balance Sheet and Schedule P Data NAIC

COMPANY

Cash & Invested Assets

Reinsurance Recoverables

Other Assets

Total Assets

Loss & LAE Reserves

Unearned Premium Reserve

Other Liabilities

Total Liabilities

Policyholders' Surplus

Prior Year-End Loss LAE Reserve Developed (Savings)/Deficiency (000s)

12627

LIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY

$4,844,739

$0

$1,851,276

$6,696,015

$4,289,310

$0

$144,422

$4,433,732

$2,262,283

$162

11958

LIFE SERVICES NETWORK RECIP INS RRG

$8,128,300

$0

$1,018,186

$9,146,486

$2,045,684

$904,790

$1,196,295

$4,146,769

$4,999,717

($180)

14084

LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP

$504,643

$0

$47,692

$552,335

$0

$6

($466)

($460)

$552,795

$0

11684

LVHN RRG

$39,864,608

$0

$8,434,001

$48,298,609

$0

$0

$43,298,609

$43,298,609

$5,000,000

$1,309

12554

MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP

$2,347,865

$0

$597,866

$2,945,731

$1,110,248

$178,163

$198,210

$1,486,621

$1,459,110

$0

11117

MARATHON FIN INS CO INC RRG

$2,957,988

$0

$9,325,588

$12,283,576

$50,000

($21,190)

$9,711,939

$9,740,749

$2,542,827

$27

10697

MCIC VERMONT INC RRG

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

12355

MD RISK RETENTION GROUP, INC.

$15,009,019

$0

$532,674

$15,541,693

$6,034,569

$0

$363,127

$6,397,696

$9,143,998

($127)

26257

MEDAMERICA MUTUAL RRG INC

$73,836,586

$0

$17,718,327

$91,554,913

$29,107,770

$13,854,343

$12,880,965

$55,843,078

$35,711,835

$0

13589

MEDPRO RRG RISK RETENTION GROUP

$3,043,821

$0

$7,396,907

$10,440,728

$1,386,652

$721,857

$5,337,458

$7,445,967

$2,994,761

($8)

10124

MEDSTAR LIABILITY LTD INS CO INC RRG

$3,598,807

$0

$731,843

$4,330,650

$1,882,083

$547,014

$463,781

$2,892,878

$1,437,772

$2

44237

MENTAL HEALTH RISK RETENTION GROUP

$23,573,092

$0

$2,722,979

$26,296,071

$9,979,822

$2,003,104

$2,250,770

$14,233,696

$12,062,376

($484)

11999

MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP

$4,401,403

$0

$2,694,929

$7,096,332

$3,850,548

$1,019,163

$522,859

$5,392,570

$1,703,762

$41

14219

MILLBROOK NMF RISK RETENTION GROUP, INC.

$1,148,042

$0

$1,341,863

$2,489,905

$191,475

$634,454

$768,276

$1,594,205

$895,700

$0

14062

MMIC RRG, INC.

$139,129

$0

$404,681

$543,810

$0

$235

$18,545

$18,780

$525,031

$0

13812

MOUNTAIN LAKE RISK RETENTION GROUP, INC.

$560,326

$0

$1,417,123

$1,977,449

$591,852

$88,542

$143,625

$824,019

$1,153,430

($15)

11547

MOUNTAIN LAUREL RRG INC

$13,326,721

$0

$6,238,440

$19,565,161

$11,562,364

$1,340,372

$778,582

$13,681,318

$5,883,843

($339)

11585

MOUNTAIN STATES HEALTHCARE RECIP RRG

$109,971,070

$0

$4,272,934

$114,244,004

$48,614,848

$17,480,338

$3,471,375

$69,566,561

$44,677,443

$65

12779

MOUNTAINEER FREEDOM RISK RETENTION GROUP, INC.

$32,105,756

$0

$2,134,230

$34,239,986

$13,459,571

$4,657,157

$860,720

$18,977,448

$15,262,538

$15

14366

NASW RISK RETENTION GROUP, INC.

$903,017

$0

$1,576,205

$2,479,222

$8,645

$85,861

$939,666

$1,034,172

$1,445,050

$4

11806

NATIONAL ASSISTED LIVING RRG, INC.

$7,494,527

$0

$324,483

$7,819,010

$3,091,756

$719,948

$462,791

$4,274,495

$3,544,515

($94)

12235

NATIONAL BUILDERS & CONTRACTORS INS

$3,829,048

$0

$1,016,235

$4,845,283

$2,819,472

$116,060

$437,891

$3,373,423

$1,471,860

$0

10083

NATIONAL CATHOLIC RRG

$62,711,440

$0

$2,467,795

$65,179,235

$41,884,624

$3,719,873

$1,027,104

$46,631,601

$18,547,634

$1,029

12293

NATIONAL CONTRACTORS INS CO INC RRG

$5,384,308

$2,235,273

$2,251,271

$9,870,852

$4,407,315

$1,326,427

$1,450,454

$7,184,196

$2,686,656

$73

36072

NATIONAL GUARDIAN RISK RETENTION GROUP

$10,233,278

$2,171,453

$5,674,949

$18,079,680

$8,895,194

$2,117,887

$1,112,193

$12,125,274

$5,954,406

$50

44016

NATIONAL HOME INSURANCE CO RRG

$43,728,478

$0

$3,153,301

$46,881,779

$5,264,534

$13,866,267

$8,323,683

$27,454,484

$19,427,295

$210

11197

NATIONAL INDEPENDENT TRUCKERS IC RRG

$5,161,029

$424,863

$4,199,525

$9,785,417

$2,049,847

$1,111,588

$1,087,063

$4,248,498

$5,536,919

($198) $0

12529

NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.

$4,089,320

$300,000

$2,114,555

$6,503,875

$0

$0

$3,386,721

$3,386,721

$3,117,153

10234

NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)

$11,885,938

$87,894

$608,460

$12,582,292

$20,000

$1,583,285

$115,144

$1,718,429

$10,863,863

$0

14130

NCMIC RISK RETENTION GROUP, INC.

$541,846

$0

$1,919,284

$2,461,130

$73,707

$227,843

$372,690

$674,240

$1,786,890

$0

12539

NEVADA DOCS MEDICAL RISK RETENTION GROUP, INC.

$3,186,090

$0

$210,560

$3,396,650

$1,413,714

$325,828

$1,128,389

$2,867,931

$528,719

$0

13792

NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP

$10,817,405

$0

$1,542,934

$12,360,339

$194,970

$4,665,163

$1,799,665

$6,659,798

$5,700,541

$49

12532

NEW STAR RISK RETENTION GROUP, INC.

$8,391,920

$0

$753,010

$9,144,930

$2,308,523

$505,248

$2,151,474

$4,965,245

$4,179,685

$17

12275

NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG

$12,284,407

$49,820

$7,306,617

$19,640,844

$12,495,739

$4,123,992

($2,066,195)

$14,553,536

$5,087,308

$10

13059

NORTH SHORE - LIJ PHYSICIANS INSURANCE COMPANY RISK RETENTION GROUP

$11,146,197

$0

$3,097,132

$14,243,329

$5,836,091

$2,927,081

$3,675,070

$12,438,242

$1,805,087

($1) $25

10752

NOVUS INS CO RRG

$2,831,688

$0

$2,259,097

$5,090,785

$15,759,959

$468,935

($12,538,787)

$3,690,107

$1,400,678

13644

OASIS RECIPROCAL RISK RETENTION GROUP

$5,733,638

$0

$2,554,859

$8,288,497

$3,540,131

$1,152,375

$1,668,238

$6,360,744

$1,927,753

$3

12845

OBSTETRICIANS & GYNECOLOGISTS RISK RETENTION GROUP OF AMERICA, INC.

$763,026

$0

$427,544

$1,190,570

$1,109,702

$75,472

($660,603)

$524,571

$665,999

$13

10158

OCEAN RRG INC

$2,514,977

$0

$5,354,777

$7,869,754

$5,642,124

$1,083,574

$120,027

$6,845,725

$1,024,029

$585

12189

OCEANUS INS CO A RRG

$69,655,926

$0

$9,118,700

$78,774,626

$37,245,006

$17,203,942

$3,600,991

$58,049,939

$20,724,687

$486

13062

OLYMPIA RISK RETENTION GROUP, INC.

$42,405

$0

$923,456

$965,861

$304,147

$0

$130,008

$434,155

$531,706

$132

44121

OMS NATL INS CO RRG

$341,655,624

$0

$39,315,851

$380,971,475

$156,262,032

$39,493,177

$14,129,956

$209,885,165

$171,086,310

$44

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Statutory Balance Sheet and Schedule P Data NAIC

COMPANY

Cash & Invested Assets

Reinsurance Recoverables

Other Assets

Total Assets

Loss & LAE Reserves

Unearned Premium Reserve

Other Liabilities

Total Liabilities

Policyholders' Surplus

Prior Year-End Loss LAE Reserve Developed (Savings)/Deficiency (000s) $273

10353

OOIDA RISK RETENTION GROUP INC

$38,304,322

$0

$27,530,683

$65,835,005

$17,396,349

$6,899,225

$22,196,195

$46,491,769

$19,343,236

44105

OPHTHALMIC MUTUAL INS CO RRG

$236,787,454

$0

$11,237,893

$248,025,347

$56,761,339

$24,503,894

$13,398,508

$94,663,741

$153,361,606

$0

12183

ORANGE COUNTY MEDICAL RECIP INS RRG

$5,101,695

$0

$1,567,304

$6,668,999

$1,125,666

$517,000

$117,844

$1,760,510

$4,908,489

($105)

10171

ORDINARY MUTUAL A RRG CORP

$17,249,838

$0

($1,815)

$17,248,023

$5,762,077

$0

$1,047,006

$6,809,083

$10,438,940

$0

14260

ORTHOFORUM INSURANCE COMPANY (A RISK RETENTION GROUP)

$5,252,113

$0

$2,249,980

$7,502,093

$1,734,295

$1,870,680

$440,395

$4,045,370

$3,456,722

$740

11575

PACE RRG INC

$4,924,447

$7,297,473

$6,773,474

$18,995,394

$6,659,308

$64,566

$9,446,160

$16,170,034

$2,825,360

$5

44130

PARATRANSIT INSURANCE COMPANY, RRG

$21,789,459

$49,286

$1,971,209

$23,809,954

$8,491,246

$1,656,984

$2,619,905

$12,768,135

$11,041,819

$0 ($350)

11973

PCH MUTUAL INSURANCE COMPANY, RRG

$7,629,358

$0

$742,047

$8,371,405

$3,307,516

$1,179,677

$371,821

$4,859,014

$3,512,391

11846

PEACE CHURCH RRG INC

$19,834,621

$0

$2,626,872

$22,461,493

$6,460,204

$2,175,633

$410,312

$9,046,149

$13,415,344

$0

11772

PEDIATRICANS INS RRG OF AMER

$579,908

$0

$15,000

$594,908

$517,381

$0

$0

$517,381

$77,527

($1)

11587

PELICAN INS RRG

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

12004

PHOEBE RECIPROCAL RRG

$5,076,497

$0

$357,943

$5,434,440

$1,410,482

$328,125

$48,411

$1,787,018

$3,647,412

($15)

13995

PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.

$1,052,433

$0

$1,327,287

$2,379,720

$406,785

$450,094

$1,013,065

$1,869,944

$509,776

$0

12746

PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

12918

PHYSICIANS' INSURANCE EXCHANGE RESOURCE, A RISK RETENTION GROUP

$4,670,402

$0

$661,217

$5,331,619

$3,139,811

$509,525

$106,236

$3,755,572

$1,576,047

$0

12507

PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP

$46,434,018

$0

$21,750,919

$68,184,937

$17,321,386

$10,541,400

$20,946,702

$48,809,488

$19,375,449

$46

11514

PHYSICIANS PROFESSIONAL LIABILTY RRG

$36,972,802

$203,401

$3,783,797

$40,960,000

$13,870,707

$7,792,387

$232,427

$21,895,521

$19,064,479

($837)

10934

PHYSICIANS REIMBURSEMENT RRG

$27,218,652

$0

$2,193,460

$29,412,112

$16,131,948

$1,992,380

$430,402

$18,554,730

$10,857,382

$21

11513

PHYSICIANS SPECIALTY LTD RRG

$10,469,642

$0

$3,016,131

$13,485,773

$5,520,570

$0

$3,950,263

$9,470,833

$4,014,940

$1

14108

PIA PROFESSIONAL LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP

$1,132,258

$0

$708,593

$1,840,851

$129,657

$146,169

$110,080

$385,906

$1,454,945

$0

13582

PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP

$11,190,013

$0

$36,759

$11,226,772

$3,037,272

$2,287,291

$364,736

$5,689,299

$5,537,473

$38

12348

PINE TREE INS RECIPROCAL RRG

$13,859,614

$0

$1,594,706

$15,454,320

$3,846,781

$1,116,631

$1,977,908

$6,941,320

$8,513,000

$80

12198

PINELANDS INS CO RRG INC

$349,776

$0

$3,111,858

$3,461,634

$1,338,833

$525,748

$650,242

$2,514,823

$946,811

$117

11980

PINNACLE CONSORTIUM OF HIGHER ED RRG

$6,333,545

$0

$105,314

$6,438,859

$2,071,186

$242,075

$74,529

$2,387,790

$4,051,069

($39)

11858

PINNACLE RRG INC

$2,439,860

$0

$0

$2,439,860

$19,555

$0

$19,931

$39,486

$2,400,374

($34)

14205

PLICO RISK RETENTION GROUP, INC.

$1,596,808

$0

$44,791

$1,641,599

$0

$4,308

$46,729

$51,037

$1,590,562

$0

11809

PONCE DE LEON LTC RRG, INC.

$13,456,657

$316,007

$780,888

$14,553,552

$4,925,507

$1,519,498

$178,099

$6,623,104

$7,930,449

$0

12497

PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC

$29,950,733

$17,941,848

$8,062,319

$55,954,900

$18,969,178

$11,518,311

$14,339,808

$44,827,297

$11,127,604

$0

44083

PREFERRED PHYSICIANS MEDICAL RRG

$186,152,222

$0

$5,153,481

$191,305,703

$65,603,063

$7,358,569

$13,732,762

$86,694,394

$104,611,309

$1

14919

PREFERRED PROFESSIONAL RRG

12613

PREMIER PHYSICIANS INSURANCE COMPANY, A RISK RETENTION GROUP

$734,690

$0

$0

$734,690

$0

$0

$59,416

$59,416

$675,274

$0

$10,747,718

$1,506,804

$1,522,224

$13,776,746

$3,656,614

$3,607,386

$2,672,026

$9,936,026

$3,840,720

$639

13179

PROAIR RISK RETENTION GROUP, INC.

$41,033

$0

$687,226

$728,259

$38,671

$65,039

$122,980

$226,690

$501,569

$1

11671

PROBUILDERS SPECIALTY INS CO RRG

$15,459,333

$0

$35,111,137

$50,570,470

$31,943,807

$0

$4,425,287

$36,369,094

$14,201,376

($1)

14461

PROFESSIONAL EXCHANGE ASSURANCE COMPANY (A RISK RETENTION GROUP)

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

10840

PROFESSIONAL MEDICAL INS RRG INC

$316,882

$0

$27,298

$344,180

$0

$0

$18,891

$18,891

$325,289

$0

12608

PROFESSIONAL QUALITY LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP

$2,332,071

$946

$82,045

$2,415,062

$112,970

$12,093

$69,603

$194,666

$2,220,396

$4

13067

PROFESSIONALS RISK RETENTION GROUP, INC.

$2,368,432

$98,750

$3,207,279

$5,674,461

$591,115

$2,390,232

$1,462,176

$4,443,523

$1,230,938

$10

11350

PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG

$5,638,940

$81,617

$347,673

$6,068,230

$966,232

$691,674

$67,663

$1,725,569

$4,342,661

$1

13078

RED CLAY RISK RETENTION GROUP, INC.

$3,976,489

$0

$2,582,894

$6,559,383

$2,149,624

$1,361,041

$168,522

$3,679,187

$2,880,196

$26

$10,291,873

$0

$1,551,560

$11,843,433

$5,403,082

$660,001

$734,157

$6,797,240

$5,046,193

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$49,227,775

$0

$4,979,523

$54,207,298

$24,112,954

$5,604,455

$4,994,306

$34,711,715

$19,495,583

$0

13736

RED ROCK RISK RETENTION GROUP, INC.

12019

REPUBLIC RRG

12209

RESTORATION RISK RETENTION GROUP, INC.

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Statutory Balance Sheet and Schedule P Data NAIC

COMPANY

Cash & Invested Assets

Reinsurance Recoverables

Other Assets

Total Assets

Loss & LAE Reserves

Unearned Premium Reserve

Other Liabilities

Total Liabilities

Policyholders' Surplus

Prior Year-End Loss LAE Reserve Developed (Savings)/Deficiency (000s)

14135

RPX RRG

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

11712

SAINT LUKE'S HLTH SYSTEM RRG

$22,542,514

$0

$447,114

$22,989,628

$6,754,195

$644,462

$1,162,986

$8,561,643

$14,427,985

($3)

12511

SAMARITAN RISK RETENTION GROUP, INC.

$20,918,578

$0

$3,180,453

$24,099,031

$4,178,950

$4,707,101

$775,139

$9,661,190

$14,437,841

$40

11808

SCHUYKILL CROSSING RECIPROCAL RRG

$27,186,026

$0

$4,819,317

$32,005,343

$17,521,379

$3,494,033

$712,918

$21,728,330

$10,277,013

($301)

12988

SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP

$9,487,294

$0

$2,818,605

$12,305,899

$5,283,157

$2,899,485

$153,881

$8,336,523

$3,969,376

$419

11267

SECURITY AMERICA RRG INC

$3,530,028

$0

$705,880

$4,235,908

$1,023,907

$834,497

($264,606)

$1,593,798

$2,642,110

$90

14136

SELECT MD RRG

$1,520,243

$0

$1,385,304

$2,905,547

$349,874

$1,283,243

$327,485

$1,960,602

$944,945

$0

12005

SENTINEL ASSUR RRG INC

$15,048,178

$0

$298,228

$15,346,406

$4,203,056

$281,000

$433,049

$4,917,105

$10,429,301

$157

13557

SIGMA RRG, INC.

$10,912,351

$0

$2,030,294

$12,942,645

$5,676,806

$1,610,494

$150,549

$7,437,849

$5,504,796

($18)

12907

SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.

$60,003,212

$0

$16,351,527

$76,354,739

$41,995,170

$11,462,331

$9,701,187

$63,158,688

$13,196,053

$0

14207

SPIRIT COMMERCIAL AUTO RISK RETENTION GROUP

$2,930,375

$0

$6,614,075

$9,544,450

$1,484,596

$4,545,611

$1,448,466

$7,478,673

$2,065,777

$0

10754

SPIRIT MOUNTAIN INS CO RRG INC

$5,905,009

$0

$378,557

$6,283,566

$1,922,681

$836,876

$599,639

$3,359,196

$2,924,370

($256)

11114

ST CHARLES INS CO RRG

$11,407,768

$0

$374,332

$11,782,100

$3,792,153

$13,616

$770,448

$4,576,217

$7,205,883

$0

11688

ST LUKES HEALTH NETWORK INS CO RRG

$44,346,986

$0

$6,952,952

$51,299,938

$30,513,941

$7,367,341

$119,098

$38,000,380

$13,299,558

($363)

13993

STATE CAPITOL INSURANCE RISK RETENTION GROUP, INC.

$248,847

$0

$479,846

$728,693

$0

$43,608

$47,148

$90,756

$637,937

$0

44075

STATES SELF-INSURERS RRG

$21,297,564

$0

$674,640

$21,972,204

$10,799,828

$590,155

$1,232,835

$12,622,818

$9,349,386

$0

10476

STICO MUT INS CO RRG

$19,560,602

$202,690

$2,494,310

$22,257,602

$4,519,607

$5,923,366

$763,709

$11,206,682

$11,050,920

$70

13135

SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC

$2,651,635

$0

$41,707

$2,693,342

$0

$0

$2,322,220

$2,322,220

$371,122

$0

14026

SUNLAND RISK RETENTION GROUP, INC.

$1,577,206

$0

$3,880,154

$5,457,360

$244,011

$350,515

$3,731,512

$4,326,038

$1,131,323

($54)

11669

SUPERIOR INS CO RRG

$13,440,212

$0

$8,586,353

$22,026,565

$13,147,184

$1,249,879

$3,374,072

$17,771,135

$4,255,430

$54

10113

TERRA INS CO RRG

$23,023,658

$0

$10,759,689

$33,783,347

$2,018,273

$4,843,143

$10,511,095

$17,372,511

$16,410,836

($1)

14395

TERRAFIRMA RISK RETENTION GROUP LLC

$5,147,093

$0

$114,992

$5,262,085

$34,118

$942,545

$38,619

$1,015,282

$4,246,803

$0

10152

THE HEALTHCARE UNDERWRITING CO RRG

$30,086,741

$0

$45,329,890

$75,416,631

$42,321,172

$4,616,359

$1,266,139

$48,203,670

$27,212,961

($554)

11153

TITAN INS CO INC RRG

$35,507,686

$0

$2,042,751

$37,550,437

$0

$6,861,016

$2,463,756

$9,324,772

$28,225,665

$0

10084

TITLE INDUSTRY ASSURANCE CO RRG

$4,359,269

$0

$1,982,559

$6,341,828

$2,368,062

$331,185

$756,707

$3,455,954

$2,885,874

$129 $87

11548

UNITED CENTRAL PA RRG

$14,446,960

$0

$2,973,109

$17,420,069

$8,098,534

$2,817,235

$150,359

$11,066,128

$6,353,942

12280

UNITED CONTRACTORS INS CO INC RRG

$13,133,585

$30,418

$6,794,725

$19,958,728

$14,257,570

$3,574,911

$21,443

$17,853,924

$2,104,804

$0

10020

UNITED EDUCATORS INS RRG INC

$686,527,485

$0

$30,633,773

$717,161,258

$365,586,725

$42,140,810

$51,811,355

$459,538,890

$257,622,368

($10,166)

10712

UNITED HOME INSURANCE CO A RRG

$2,070,011

$0

$1,003,945

$3,073,956

$0

$1,385,216

$103,873

$1,489,089

$1,584,867

$0

12915

URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP

$2,656,335

$0

$218,806

$2,875,141

$764,337

$708,403

($79,081)

$1,393,659

$1,481,482

$20

13988

UV INSURANCE RISK RETENTION GROUP, INC.

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

11063

VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP

$2,632,373

$0

$7,239

$2,639,612

$0

$143,291

$40,399

$183,690

$2,455,922

$0

13974

VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.

$1,961,968

$0

$1,215,994

$3,177,962

$558,564

$1,345,826

$641,455

$2,545,845

$632,117

$1

13786

VIRGINIA SENIOR CARE RISK RETENTION GROUP

$3,374,959

$0

$75,962

$3,450,921

$1,057,421

$361,387

$39,195

$1,458,003

$1,992,918

$0

11802

WARREN RRG INC

$7,248,169

$0

$381,397

$7,629,566

$4,063,779

$55,366

$346,061

$4,465,206

$3,164,360

$462

11682

WELLSPAN RRG

$15,302,571

$0

$10,768,488

$26,071,059

$15,222,756

$5,079,000

$63,117

$20,364,873

$5,706,186

$0

14122

WESTERN CATHOLIC INSURANCE COMPANY RRG

$2,830,919

$0

$878,376

$3,709,295

$1,644,999

$563,040

$85,711

$2,293,750

$1,415,545

$409

$513,123

$0

$148,441

$661,564

$0

$0

$5,943

$5,943

$655,621

$0

$134,104,280

$0

$2,520,058

$136,624,338

$16,497,880

$19,569,204

$741,599

$36,808,683

$99,815,655

($469)

11978

WESTERN INS RRG INC

40940

WESTERN PACIFIC MUT INS CO RRG

13154

WINTHROP PHYSICIANS RECIPROCAL RISK RETENTION GROUP

$2,676,007

$0

$248,156

$2,924,163

$180,555

$319,577

$29,670

$529,802

$2,394,361

($5)

11796

YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)

$16,757,340

$0

$5,859,305

$22,616,645

$6,253,673

$2,854,381

$7,946,867

$17,054,921

$5,561,724

$346

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Statutory Income Statement Data NAIC 12934

COMPANY ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP

Direct Premium Written $89,057

Net Premium Written $73,944

Net Premium Earned $112,309

Loss & Loss Adjusted Expenses Incurred $4,523

Other Underwriting Expenses $61,703

Net Operating Gains/Losses $46,083

Net Investment Gains/Losses $0

Net Income/Loss $41,306

12166

ADVANCED PHYSICIANS INS RRG INC

$390,082

$390,082

$94,518

$0

$37,150

$57,368

$20,208

$77,576

12252

AEGIS HEALTHCARE RRG, INC.

$1,660,495

$961,121

$236,356

$139,417

$101,629

($4,689)

($446)

($3,322)

$1,558,786

$385,395

$95,029

$73,972

$49,079

($28,022)

$905

($27,117)

$0

$0

$0

$0

$0

$0

$8,317

$8,317

$888,115

$888,115

$222,029

($84,404)

$45,623

$260,810

$42,245

$205,755

13677

AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP

13606

AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP

28380

AGRI INSURANCE EXCHANGE RRG

11965

ALLEGIANT INS CO INC A RRG

$2,014,916

$637,027

$637,027

$305,400

$101,114

$230,513

$7,866

$238,379

10023

ALLIANCE OF NONPROFITS FOR INS RRG

$6,648,783

$4,847,046

$4,070,710

$2,789,740

$1,477,933

($196,963)

$407,243

$239,271

11710

ALLIED PROFESSIONALS INSURANCE COMPANY, RRG

$6,160,642

$4,154,691

$3,296,962

$1,925,923

$1,666,083

($295,045)

$90,419

($257,920)

12013

ALLIED SERVICES RISK RETENTION GROUP

$0

$0

$250,274

($222,551)

$59,762

$413,063

$22,273

$435,336

10232

AMERICAN ASSOC OF OTHODONTISTS RRG

$1,564,513

$1,340,583

$1,829,954

$1,063,203

$590,134

$176,617

$125,482

$197,921

12631

AMERICAN BUILDERS INSURANCE COMPANY RRG, INC.

$0

$0

$0

$0

$28,290

($28,290)

$212

($28,183)

12300

AMERICAN CONTRACTORS INS CO RRG

($2,701,908)

$0

$0

$0

$16,810

($16,810)

$1,177

($9,550)

10903

AMERICAN EXCESS INS EXCHANGE RRG

$0

$0

$5,739,726

$3,753,700

$1,339,745

$646,281

$6,161,542

$6,808,069

44202

AMERICAN FEED INDUSTRY INS CO RRG

11590

AMERICAN FOREST CASUALTY COMPANY RRG

25448

AMERICAN SAFETY RRG INC

11534

AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG

12171

AMERIGUARD RRG INC

11598

APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.

44148

ARCHITECTS & ENGINEERS INS CO RRG

$674,646

$179,566

13177

ARCOA RISK RETENTION GROUP, INC.

$1,337,555

$1,337,555

13580

ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP

$252,896

$226,847

12224

ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.

$0

$0

14425

ASSOCIATION OF CERTIFIED MORTGAGE ORIGINATORS RISK RETENTION GROUP, INC.

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$512,175

$158,745

$238,528

$263,744

$173,033

($198,249)

$86,514

($54,438)

$2,133,262

$251,265

$463,797

$264,189

$130,804

$68,804

$67,186

$87,290

$0

($353,555)

$664,204

($9,999)

$173,811

$500,392

$134,541

$517,596

$322,918

$322,918

$288,755

$261,573

$44,106

($16,923)

$8,244

($5,641)

$8,856,124

$8,286,920

$8,864,575

$7,178,495

$2,392,906

($706,826)

$1,018,452

$323,752

$489,299

$391,439

$106,187

($8,327)

$67,179

$58,852

$1,337,555

$734,302

$596,282

$6,971

$63,660

$45,911

$168,796

$0

$123,377

$133,415

($452)

$132,963

$0

($8,132)

$58,734

($50,602)

$6,642

($43,960)

$0

$0

$12,747

($12,747)

$406

($8,145)

33677

ATTORNEYS INS MUTUAL OF ALABAMA INC

$1,000,822

$722,308

$601,447

$217,248

$534,726

($150,527)

$32,059

($118,468)

22670

ATTORNEYS INSURANCE MUTUAL RRG INC

$0

$0

$885,765

$552,382

$393,657

($60,274)

$175,473

$115,199

10639

ATTORNEYS LIAB ASSUR SOCIETY INC RRG

$341,767,546

$26,001,121

$6,420,214

$5,399,623

$1,112,498

($91,907)

$258,258

$399,563

32450

ATTORNEYS LIAB PROTECTION SOC RRG

$14,274,687

$9,516,522

$6,906,651

$4,563,032

$2,519,580

($175,961)

$802,065

$517,009

13795

ATTPRO RRG RECIPROCAL RISK RETENTION GROUP

$60,572

$3,029

$2,145

$1,888

$9,441

($9,184)

$0

($5,970)

13791

AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.

$614,821

$172,443

$148,172

$58,374

$97,570

($7,772)

$1,079

($3,796)

10174

BAR VERMONT RISK RETENTION GROUP INC

12933

BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.

$0

$0

$498,760

$154,966

$350,485

($6,691)

$926,331

$544,280

$16,681,794

$7,852,035

$1,793,293

$1,648,989

($301,853)

$446,157

$21,474

14169

$306,383

BEST CARE INSURANCE COMPANY RISK RETENTION GROUP, INC.

$11,743

$8,995

$3,997

$0

$4,743

($746)

$1,363

13010

$779

BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP

$329,605

$280,163

$179,534

$3,769

$109,841

$65,924

$855

$43,431 ($138,772)

13788

BROADLINE RISK RETENTION GROUP, INC.

$0

$0

$4,821,312

$4,603,469

$428,351

($210,508)

$18,143

44504

CALIFORNIA HEALTHCARE INS CO INC RRG

$10,663,647

$6,427,564

$4,711,763

$4,217,646

$559,737

($65,620)

$645,502

$381,257

12180

CALIFORNIA MEDICAL GRP INS CO RRG

$259,500

$259,500

$761,744

$639,095

$175,714

($53,065)

$0

($11,065)

11825

CARE RRG, INC.

$1,656,231

$1,338,261

$1,251,341

$804,928

$460,073

($13,660)

$28,296

$9,515

11544

CAREGIVERS UNITED LIAB INS CO RRG

$3,984,099

$3,856,982

$1,399,875

$999,306

$123,284

$277,285

$551,492

$764,550

15089

CARENEXT RISK RETENTION GROUP, INC.

12373

CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP

10808

CASSATT RISK RETENTION GROUP INC

$0

$0

$0

$0

$99,419

($99,419)

$0

($65,617)

$20,214,425

$7,006,487

$1,751,621

$1,226,135

$1,310,954

($785,468)

$351,707

$881,735

$172,344

$172,344

$25,000

$1,204

($11,916)

$35,712

$9,234

$29,646

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Statutory Income Statement Data Direct Premium Written $166,552

Net Premium Written $97,593

Net Premium Earned $97,593

Loss & Loss Adjusted Expenses Incurred ($1,168)

Other Underwriting Expenses $41,842

Net Operating Gains/Losses $56,919

Net Investment Gains/Losses $334

Net Income/Loss $57,203 $777,683

NAIC 13784

COMPANY CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP

11694

CENTRAL PA PHYSICIANS RRG INC

$7,967,156

$7,967,156

$3,506,901

$2,700,313

$1,044,151

($237,563)

$1,305,680

11976

CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.

$1,207,687

$1,651,359

$1,469,486

$975,482

$227,637

$266,367

$53,519

$210,617

12167

CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG

$1,106,330

$976,202

$270,916

$71,903

$91,614

$107,399

$21,921

$125,368

$7,857,017

$7,857,017

$1,943,322

$166,768

$118,187

$1,658,367

$202,576

$1,224,787

$204,224

$204,224

$1,045,679

$723,971

$113,097

$130,510

($739)

$88,622

$8,191,421

$409,571

$93,485

$85,205

($153,833)

$162,113

$0

$106,995

11531

CHC CAS RRG

14388

CHEROKEE GUARANTEE COMPANY INC., RRG

11839

CIRCLE STAR INS CO RRG

12172

CLAIM PROFESSIONALS LIAB INS CO RRG

$733,362

$176,784

$135,719

$59,280

$62,481

$13,958

$1,367

$21,692

11992

CLARIAN HLTH RRG INC

($7,820)

($216)

$0

$138,513

$739,399

($877,912)

$271

$66,074

43770

CLINIC MUTUAL INSURANCE CO RRG

$0

$0

$0

$0

$0

$0

$0

$0

13756

CMIC RISK RETENTION GROUP

$331,239

$100,468

$73,503

$8,328

$64,343

$832

($3,449)

($2,617)

11668

COASTAL INS RRG INC

$6,704,892

$4,437,705

$1,397,110

$1,153,237

$894,988

($651,115)

$242,505

($281,423)

44598

COLLEGE LIABILITY INS CO A RECIP RRG

$0

$0

$557,328

$209,591

$163,693

$184,044

$73,500

$257,544

13613

COLLEGE RISK RETENTION GROUP, INC.

$0

$0

$1,195,265

$719,265

$381,431

$94,569

$56,847

$151,416

10803

COLUMBIA NATIONAL RRG INC

$39,300

$39,300

$57,449

$0

$27,622

$29,827

$457

$19,684

11864

COMCARE PRO INS RECIPROCAL RRG

$292,530

$292,530

$336,833

$222,310

$113,115

$1,408

$5,244

$6,652

11807

COMMUNITIES OF FAITH RRG INC

$970,892

$970,892

$212,758

$85,104

$116,308

$11,346

$110,895

$118,555

13893

COMMUNITY BLOOD CENTERS EXCH RRG

($47,165)

($386,451)

$273,184

$242,913

$226,753

($196,482)

$105,703

($90,779)

11536

COMMUNITY HEALTH ALLIANCE RECIP RRG

$12,864,868

$11,318,810

$2,829,702

$2,669,338

$525,902

($365,538)

$608,074

$242,536

11259

COMMUNITY HOSPITAL RRG

$40,042,198

$38,345,255

$9,586,313

$7,477,786

$1,805,048

$303,479

$3,668,101

$3,994,863 ($58,228)

10075

CONSUMER SPECIALTIES INSURANCE COMPANY RRG

$166,306

$69,716

$100,315

$67,439

$117,803

($84,927)

$10,566

11798

CONTINUING CARE RRG, INC.

$3,735,060

$3,431,037

$2,648,179

$2,217,878

$371,744

$58,557

($441)

$45,117

11603

CONTRACTORS INS CO OF NORTH AMER RRG

$1,024,130

$471,100

$548,666

$119,500

$180,400

$248,766

$12,596

$261,362

10341

CONTROLLED RISK INS CO OF VT RRG

$118,023,683

$16,523,316

$4,130,829

$1,875,000

$2,288,900

($33,071)

$63,433

$20,039

12042

COOPERATIVE OF AMERICAN PHYSICIANS INSURANCE COMPANY, INC., A RRG

$2,999,000

$6,344,939

$1,588,568

$1,237,181

$885,541

($534,154)

$208,154

($547,669)

14906

COPIC, A RISK RETENTION GROUP

14160

COVERYS RRG, INC.

10164

$0

$0

$0

$0

$47,987

($47,987)

($3,000)

($33,142)

$77,722

$3,788

$1,382

$2,439

$33,947

($35,004)

$0

($35,270)

CPA MUTUAL INS CO OF AMERICA RRG

$1,558,008

$502,839

$666,529

$902,113

$170,842

($406,426)

$360,113

$22,866

13720

CROSSFIT RISK RETENTION GROUP, INC.

$639,436

$447,605

$296,640

$115,048

$164,372

$17,220

$680

$17,900

11676

CRUDEN BAY RRG INC

$2,500,000

$2,500,000

$616,438

$616,439

$69,092

($69,093)

$333,687

$264,594

13655

CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP

$6,718,623

$3,077,677

$660,516

$433,370

$140,171

$86,975

$6,632

$95,015

43125

DELAWARE PROFESSIONAL INSURANCE CO

$1,716

$1,716

$225,399

$274,225

$112,197

($161,023)

$62,863

($94,997)

$1,873,294

$1,509,236

$1,227,134

$686,171

$539,994

$969

$52,402

$35,225

$0

$0

$0

$0

$0

$0

$0

$0

$1,128,587

($276,180)

$294,757

$123,034

13018

DOCTORS & SURGEONS NATIONAL RRG

11842

DUBOIS MEDICAL RRG

10115

EASTERN DENTISTS INS CO RRG

$1,558,685

$1,299,255

$2,309,187

$1,431,696

10125

ELITE TRANSPORTATION RRG INC

$4,889,715

$2,945,955

$931,001

$668,289

$123,968

$138,744

$94,359

($1,694)

14163

EMERGENCY CAPITAL MANAGEMENT, LLC, RRG

$3,192,968

$666,982

$157,852

$131,754

($56,537)

$82,635

$1,303

$17,207

12003

EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)

$802,769

$820,815

$948,848

$465,259

$491,550

($7,961)

$70,115

$29,098

12015

EMERGENCY MEDICINE RRG INC

($17,106)

($17,106)

$385,136

$528,446

$172,556

($315,866)

$53,560

($49,740)

11714

EMERGENCY PHYSICIANS INS CO RRG

$3,608,861

$3,106,579

$2,025,115

$1,417,623

$831,805

($224,313)

$256,428

$26,084

38466

EVERGREEN USA RRG INC

$1,293,575

$826,461

$898,120

$617,002

$481,319

($200,201)

$222,582

$31,258

11840

FAIRWAY PHYSICIANS INS CO RRG

$3,997,828

$3,434,900

$2,512,585

$1,944,403

$673,425

($105,243)

$193,182

$45,749

11698

FAITH AFFILIATED RRG INC

$0

$0

$284,328

$253,714

$69,316

($38,702)

$9,350

($31,245)

14439

FIDUCIARIES RISK RETENTION GROUP, INC.

$0

$0

$0

$0

$73,339

($73,339)

($10)

($62,346)

11801

FIRST KEYSTONE RISK RETENTION GROUP, INC.

$2,337,143

$2,337,143

$1,978,041

$1,416,147

$571,464

($9,570)

$34,754

$25,184

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Statutory Income Statement Data NAIC 11278

COMPANY FIRST MEDICAL INS CO RRG

Direct Premium Written $0

Net Premium Written $0

Net Premium Earned $2,750,055

Loss & Loss Adjusted Expenses Incurred $2,844,046

Other Underwriting Expenses $143,169

Net Operating Gains/Losses ($237,160)

Net Investment Gains/Losses $1,941,363

Net Income/Loss $1,704,203

12625

FORT WAYNE MEDICAL SURETY COMPANY, RRG

$0

$0

$0

$0

$0

$0

$0

$0

10842

FRANKLIN CASUALTY INS CO RRG

$0

$0

$851,749

$562,029

$316,102

($26,382)

$4,316

($22,066) $287,242

12016

FREDERICKSBURG PROFESSIONAL RISK EXC

$2,159,650

$2,159,650

$546,662

$511,874

$62,138

($27,350)

$314,592

14032

GABLES RISK RETENTION GROUP, INC.

$2,123,410

$2,123,410

$941,214

$800,032

$72,476

$68,706

$514

$69,220

12000

GEISINGER INS CORP RRG

$0

$0

$263,087

$0

$119,553

$143,534

$202

$143,736

10163

GENERAL EASTERN SKI INS RRG INC

($15,722)

13782

GERIC INSURANCE RISK RETENTION GROUP, INC.

11948

GLOBAL HAWK INSURANCE COMPANY RRG

10991 11145

$0

$0

$0

$816

$17,523

($18,339)

$3,079

$35,000

$35,000

$27,071

$2,179

$23,514

$1,378

$247

$1,072

$3,481,781

$3,240,540

$2,166,215

$1,758,254

$601,200

($193,239)

$3,997

$45,578

GLOBAL INTL INS CO INC A RRG

$157,400

$157,400

$157,400

$0

$86,327

$71,073

$112,209

$121,618

GOLDEN INS CO RRG

$731,811

$490,172

$270,959

$167,382

$144,556

($40,979)

$21,160

($17,152)

$1,649,000

$1,649,000

$412,250

$329,320

$73,222

$9,708

$6,968

$16,676

$42,337

$33,200

$85,928

$2,188

$89,373

($5,633)

$101

($3,839)

$1,641,829

($45,106)

($45,106)

$0

$112,884

($157,990)

$364

$60,052

$0

$0

$1,106,384

$369,701

$228,927

$507,756

$1,974

$469,366

$1,054,785

$1,054,785

$263,696

$224,044

$52,055

($12,403)

$26,643

$19,166

$0

$0

$1,913,607

$2,493,111

$117,514

($697,018)

$1,146,944

$449,926

12512

GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.

13973

GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.

11581

GRACO RRG INC

11941

GREEN HILLS INS CO RRG

11696

GUARDIAN RRG INC

12014

GUTHRIE RRG

13057

HAMDEN ASSURANCE RRG, INC.

12236

HEALTH CARE CAS RRG INC

11813

HEALTH NETWORK PROVIDERS MUT INS CO

$249,204

$149,767

$288,232

$96,067

$98,926

$93,239

$17,818

$40,604

10080

HEALTH PROVIDERS INS RECIPROCAL RRG

$2,996,940

$2,667,204

$2,443,966

$1,626,047

$633,754

$184,165

$473,745

$657,910

11832

HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG (HEALTHCAP RRG)

$7,424,417

$650,466

$940,798

$774,487

$14,790

$151,521

$98,830

$195,143

11683

HEALTHCARE PROVIDERS INS CO RRG

$658,325

$658,325

$1,764,858

$1,147,158

$526,104

$91,596

$799,876

$940,679

11998

HEARTLAND HEALTHCARE RECIP RRG

$2,794,897

$2,794,897

$698,724

$449,177

$259,921

($10,374)

$69,918

$62,464

11097

HERITAGE WARRANTY INS RRG INC

($11)

($11)

$22,125

$10,837

$82,724

($71,436)

$317

($73,464)

11950

HOME CONSTRUCTION INS CO RRG

26797

HOUSING AUTHORITY RRG INC

$0

$0

$0

$0

($1,002)

$1,002

$280

$1,282

$2,317,355

$1,959,665

$603,393

$379,913

$205,385

$18,095

$38,596

$39,767

$0

$0

$6,681

($18)

$64,666

($57,967)

$25,890

($13,226)

$7,208,562

$7,309,558

$7,143,965

$4,264,092

$3,016,357

($136,484)

$3,355,185

$3,218,625

41246

HOW INSURANCE COMPANY, A RISK RETENTION GROUP

$0

$0

$0

$27,918

$0

($94,090)

$266,717

$172,627

11268

ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP

$8,823,036

$3,080,021

$5,950,890

$1,061,601

$2,625,607

$2,263,682

$2,847,412

$3,467,941

12018

INDEMNITY INSURANCE CORPORATION, RRG

$20,385,752

$20,385,752

$10,159,435

$2,756,756

$5,842,949

$1,559,730

$195,639

$1,161,174

11692

INDIANA HEALTHCARE RECIP RRG

$4,684,504

$4,684,504

$1,171,126

$885,739

$287,089

($1,702)

$254,536

$274,067

12320

INNOVATIVE PHYSICIAN SOLUTIONS RRG

$2,636

$2,636

$296,205

$177,500

$120,052

($1,347)

$17,551

$16,204

14375

IRONSHORE RISK RETENTION GROUP, INC.

$1,417,607

$70,880

$33,857

$20,547

$30,304

($16,994)

$149

($16,845)

12594

J.M. WOODWORTH RRG, INC.

$0

$0

$0

$0

$0

$0

$0

$0

11872

KENTUCKIANA MEDICAL RECIPROCAL RRG

$5,749,223

$6,124,560

$2,388,899

$3,884,897

$234,800

($1,730,798)

$269,710

($1,461,088)

11939

KENTUCKY HOSPITAL INS CO RRG

$4,954,724

$2,704,551

$666,246

$662,470

$223,298

($219,522)

$91,945

($79,351)

11803

LAKE STREET RRG INC

$316,969

$316,969

$82,877

$78,030

$34,217

($29,370)

$0

($29,370)

14444

LAMMICO RRG, INC.

$15,271

$754

$1,504

$16,984

$12,091

($27,571)

($1,204)

($28,775)

13014

LANCET INDEMNITY RISK RETENTION GROUP, INC.

$3,516,923

$2,304,765

$2,574,092

$1,709,121

$1,012,048

($147,077)

$31,223

($48,698)

11500

LENDERS PROTECTION ASSUR CO RRG

$114,326

$0

$0

$0

$23,189

($35,023)

$31,049

$12,108

12627

LIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY

$185,430

$78,763

$665,429

$545,934

$45,940

$73,555

$0

($2,221)

$1,464,284

$803,278

($101,512)

($36,156)

$92,764

($158,120)

$25,336

($132,784)

$38

$1

$6

$0

$36,119

($36,113)

$273

($23,799)

11958

LIFE SERVICES NETWORK RECIP INS RRG

14084

LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Statutory Income Statement Data COMPANY

Direct Premium Written $0

Net Premium Written $0

Net Premium Earned $0

Loss & Loss Adjusted Expenses Incurred $1,308,674

Other Underwriting Expenses $183,193

Net Operating Gains/Losses ($196,488)

Net Investment Gains/Losses $196,488

NAIC 11684

LVHN RRG

12554

MAKE TRANSPORTATION INSURANCE, INC., A RISK RETENTION GROUP

11117

MARATHON FIN INS CO INC RRG

10697

MCIC VERMONT INC RRG

$0

$0

$0

$0

$0

$0

$0

$0

12355

MD RISK RETENTION GROUP, INC.

$1,118,741

$1,176,111

$1,176,111

$501,837

$118,691

$555,583

$134,670

$448,560

26257

MEDAMERICA MUTUAL RRG INC

$24,187,039

$18,450,619

$4,725,408

$3,695,270

($288,551)

$1,318,689

$568,944

$1,245,838

13589

MEDPRO RRG RISK RETENTION GROUP

$3,411,867

$170,593

$271,036

$221,078

($161,528)

$211,486

($2,740)

$135,685

10124

MEDSTAR LIABILITY LTD INS CO INC RRG

$1,040,183

$609,651

$152,984

$130,036

$69,369

($46,421)

$502

($28,096)

44237

MENTAL HEALTH RISK RETENTION GROUP

$3,291,800

$1,485,322

$1,091,425

$514,256

$186,893

$390,276

$117,798

$265,488

11999

MIDWEST INSURANCE GROUP, INC., A RISK RETENTION GROUP

$970,477

$906,994

$378,549

$261,094

$217,633

($100,178)

$29,281

($46,792)

$1,627,131

$1,453,284

$178,204

$93,458

$77,516

$7,230

$22

($36,129)

$6,859

$178

$255

$0

$12,567

($12,312)

$0

($8,126)

($25,000)

($25,000)

$53,125

$38,852

$46,514

($32,241)

$0

($15,961)

Net Income/Loss $0

$536

($9,345)

$264,511

$224,604

$50,628

($10,721)

$1,606

($476)

$3,217,145

$3,217,145

$157,110

$26,702

$14,960

$115,448

$5,279

$93,084

14219

MILLBROOK NMF RISK RETENTION GROUP, INC.

14062

MMIC RRG, INC.

13812

MOUNTAIN LAKE RISK RETENTION GROUP, INC.

11547

MOUNTAIN LAUREL RRG INC

$277,654

$9,121

$1,349,437

$684,500

$642,220

$22,717

$431,466

$454,183

11585

MOUNTAIN STATES HEALTHCARE RECIP RRG

$24,260,895

$22,280,451

$5,570,113

$5,261,030

$667,756

($358,673)

$568,300

$199,535

12779

MOUNTAINEER FREEDOM RISK RETENTION GROUP, INC.

$6,505,117

$6,181,317

$1,524,160

$904,347

$380,690

$239,123

$142,620

$381,743

14366

NASW RISK RETENTION GROUP, INC.

$1,047,762

$62,866

$15,768

$7,291

$242,858

($234,381)

$0

$1,404

11806

NATIONAL ASSISTED LIVING RRG, INC.

$358,224

$358,224

$345,577

$207,346

$182,622

($44,391)

$47,997

$3,606

12235

NATIONAL BUILDERS & CONTRACTORS INS

10083

NATIONAL CATHOLIC RRG

$134,567

$59,567

$70,026

$33,795

$72,510

($36,279)

$2,240

$67,039

$1,233,647

$668,124

$2,684,462

$3,189,773

$769,691

($1,275,003)

$491,429

($768,349)

12293

NATIONAL CONTRACTORS INS CO INC RRG

36072

NATIONAL GUARDIAN RISK RETENTION GROUP

($1,071,135)

44016

NATIONAL HOME INSURANCE CO RRG

11197

NATIONAL INDEPENDENT TRUCKERS IC RRG

12529

NATIONAL MEDICAL PROFESSIONAL RISK RETENTION GROUP, INC.

10234

NATIONAL SERVICE CONTRACT INSURANCE COMPANY (RRG)

14130

NCMIC RISK RETENTION GROUP, INC.

12539

NEVADA DOCS MEDICAL RISK RETENTION GROUP, INC.

13792

NEW HOME WARRANTY INSURANCE COMPANY, A RISK RETENTION GROUP

12532

NEW STAR RISK RETENTION GROUP, INC.

$5,634

$5,634

12275

NEW YORK HEALTHCARE INSURANCE COMPANY, INC., RRG

$2,612,569

$1,970,806

13059

NORTH SHORE - LIJ PHYSICIANS INSURANCE COMPANY RISK RETENTION GROUP

$5,405,843

$3,266,399

10752

NOVUS INS CO RRG

($776,402)

($61,304)

13644

OASIS RECIPROCAL RISK RETENTION GROUP

$0

12845

OBSTETRICIANS & GYNECOLOGISTS RISK RETENTION GROUP OF AMERICA, INC.

($239,494)

10158

OCEAN RRG INC

12189

OCEANUS INS CO A RRG

13062

OLYMPIA RISK RETENTION GROUP, INC.

44121 10353

$664,859

$248,732

$232,769

$164,381

$1,419,474

($1,351,086)

$50,125

$13,932,317

$2,683,523

$678,875

$708,231

$58,146

($87,502)

$27,712

($9,790)

($2,642)

($772)

$551,083

$911,854

$241,877

($602,648)

$368,230

($102,696)

$1,407,157

$632,480

$481,822

$286,163

$167,062

$28,597

$42,272

$36,050

$25,599

$0

$0

$0

$168,888

($168,888)

$58,544

($117,022)

$221,691

$194,191

$179,566

$8,490

$172,885

($1,809)

$46,808

$44,999

$3,395,042

$335,575

$107,732

$74,581

($72,598)

$105,749

($4,084)

($5,645)

$270,152

$138,712

$102,635

$82,456

$85,423

($65,244)

$6,025

($49,760)

$1,910,811

$467,826

$252,697

$121,681

$275,497

($144,481)

($11,210)

($116,436)

$506,011

$268,922

$177,160

$59,929

$810

$39,481

$1,889,732

$1,112,646

$670,037

$107,049

$130,713

$190,020

$765,974

$563,830

$197,517

$4,627

$25,614

$94,107

$105,406

$240,008

$274,760

($409,362)

$19,850

($383,437)

($12,250)

$433,160

$268,815

$168,683

($4,338)

$860

($3,478)

($172,001)

$111,299

$76,611

$145,969

($111,281)

$3,517

($105,978) ($366,225)

$462,297

$462,297

$615,405

$897,143

$195,399

($477,137)

$14,511

$9,957,599

$7,788,236

$6,243,630

$4,163,062

$2,576,925

($496,357)

$285,607

($97,277)

$0

$0

$0

$132,276

$27,129

($159,405)

$202

($159,203)

OMS NATL INS CO RRG

$10,210,672

$12,800,461

$19,529,002

$14,801,825

$4,909,769

($182,592)

$1,990,487

$2,375,614

OOIDA RISK RETENTION GROUP INC

$11,574,250

$4,050,987

$2,703,606

$2,205,743

$656,693

($158,830)

$66,180

($736,097)

44105

OPHTHALMIC MUTUAL INS CO RRG

$11,483,275

$10,031,575

$9,174,682

$4,263,554

$2,737,091

$2,174,037

$1,825,157

$2,817,539

12183

ORANGE COUNTY MEDICAL RECIP INS RRG

$775,500

$775,500

$258,500

$24,250

$36,143

$198,107

$105,190

$303,297

10171

ORDINARY MUTUAL A RRG CORP

$0

$0

$0

$0

$107,942

($107,942)

$335,839

$227,897

14260

ORTHOFORUM INSURANCE COMPANY (A RISK RETENTION GROUP)

$1,046,050

$877,342

$1,129,038

$740,786

$309,330

$78,922

$12,460

$60,312

11575

PACE RRG INC

$3,432,177

$117,558

$156,526

$203,160

($25,380)

($21,254)

$7,554

($3,290)

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Statutory Income Statement Data NAIC 44130

COMPANY PARATRANSIT INSURANCE COMPANY, RRG

11973

PCH MUTUAL INSURANCE COMPANY, RRG

11846

PEACE CHURCH RRG INC

Direct Premium Written $1,156,400

Net Premium Written $839,038

Net Premium Earned $758,359

Loss & Loss Adjusted Expenses Incurred $606,688

Other Underwriting Expenses $243,678

Net Operating Gains/Losses ($92,007)

Net Investment Gains/Losses $206,210

Net Income/Loss $72,447

$671,820

$532,327

$550,751

$252,218

$294,464

$4,069

$20,760

$20,316

$3,214,232

$2,900,844

$725,210

$471,377

$223,151

$30,682

$94,145

$115,606 ($21,118)

11772

PEDIATRICANS INS RRG OF AMER

$0

$0

$0

$0

$22,991

($22,991)

$1,873

11587

PELICAN INS RRG

$0

$0

$0

$0

$0

$0

$0

$0

12004

PHOEBE RECIPROCAL RRG

$437,500

$437,500

$109,375

$55,252

$38,533

$15,590

$21,194

$36,784

13995

PHYSICIANS CASUALTY RISK RETENTION GROUP, INC.

$508,304

$292,317

$218,304

$57,385

$194,714

($33,795)

$403

($4,439)

12746

PHYSICIANS INDEMNITY RISK RETENTION GROUP, INC.

$0

$0

$0

$0

$0

$0

$0

$0

12918

PHYSICIANS' INSURANCE EXCHANGE RESOURCE, A RISK RETENTION GROUP

$25,315

$16,051

$321,043

$237,571

$111,417

($27,945)

$8,370

($24,454)

12507

PHYSICIANS PROACTIVE PROTECTION, INC. RISK RETENTION GROUP

$13,946,757

$8,791,637

$2,167,481

$1,426,927

$332,684

$407,870

$1,047,123

$967,588

11514

PHYSICIANS PROFESSIONAL LIABILTY RRG

$2,342,711

$2,295,325

$1,204,907

$915,729

$323,954

($34,776)

$453,956

$312,248 $103,226

10934

PHYSICIANS REIMBURSEMENT RRG

$2,642,069

$2,642,069

$649,689

$574,226

$365,222

($289,759)

$344,128

11513

PHYSICIANS SPECIALTY LTD RRG

$3,711,917

$346,192

$346,192

$228,649

$137,462

($19,919)

$77,185

$49,485

14108

PIA PROFESSIONAL LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP

$0

$85,288

$57,819

$68,535

$62,374

($73,090)

$911

($47,638)

13582

PIH INSURANCE COMPANY, A RECIPROCAL RISK RETENTION GROUP

$3,919,644

$3,035,859

$748,568

$530,819

$164,358

$53,391

$15,389

$68,180

12348

PINE TREE INS RECIPROCAL RRG

$1,829,172

$1,488,842

$372,210

$462,250

$162,551

($252,591)

$166,446

($70,747)

12198

PINELANDS INS CO RRG INC

$471,178

$141,353

$289,286

$266,676

$21,428

$1,182

($489)

$455

11980

PINNACLE CONSORTIUM OF HIGHER ED RRG

$0

$0

$239,415

$144,064

$124,496

($29,145)

$5,970

($19,881)

11858

PINNACLE RRG INC

14205

PLICO RISK RETENTION GROUP, INC.

11809

PONCE DE LEON LTC RRG, INC.

$1,060,038

$972,788

$747,856

12497

PREFERRED CONTRACTORS INSURANCE COMPANY RRG, LLC

$6,562,171

$5,736,659

$4,268,884

44083

PREFERRED PHYSICIANS MEDICAL RRG

$9,694,339

$6,550,227

$5,805,189

$4,754,384

14919

PREFERRED PROFESSIONAL RRG

12613

PREMIER PHYSICIANS INSURANCE COMPANY, A RISK RETENTION GROUP

13179 11671

$0

$0

$0

($34,258)

$23,125

$11,133

($83)

$11,050

$49,768

$4,977

$668

$0

$2,660

($1,992)

$891

($1,101)

$620,819

$370,609

($243,572)

$60,991

($182,580)

$2,551,343

$1,511,940

$205,601

$182,198

$322,725

$1,279,254

($228,449)

$1,693,811

$2,455,958

$0

$0

$0

$0

$74,726

($74,726)

$0

($74,726)

$1,060,005

$1,060,005

$1,551,723

$849,549

$552,290

$149,884

$17,916

$112,801

PROAIR RISK RETENTION GROUP, INC.

$121,665

$76,041

$27,891

$2,335

$31,310

($5,754)

($99)

($4,974)

PROBUILDERS SPECIALTY INS CO RRG

$0

$0

$0

$0

$76,498

($84,534)

$57,236

($37,884)

14461

PROFESSIONAL EXCHANGE ASSURANCE COMPANY (A RISK RETENTION GROUP)

$0

$0

$0

$0

$0

$0

$0

$0

10840

PROFESSIONAL MEDICAL INS RRG INC

$0

$0

$0

$0

$36,710

($36,710)

$188

($36,522)

12608

PROFESSIONAL QUALITY LIABILITY INSURANCE COMPANY, A RISK RETENTION GROUP

$0

$0

$6,361

$3,920

$8,470

($6,029)

$0

($5,125)

13067

PROFESSIONALS RISK RETENTION GROUP, INC.

$3,453,642

$437,353

$247,054

$82,759

($15,332)

$179,627

$570

$55,565

11350

PUBLIC UTILITY MUTUAL INSURANCE COMPANY, RRG

$1,635,801

$918,040

$226,366

$129,750

$123,329

($26,713)

$20,230

($6,483)

13078

RED CLAY RISK RETENTION GROUP, INC.

$1,810,977

$1,694,203

$323,562

$51,439

$109,424

$162,698

$5,353

$108,181

13736

RED ROCK RISK RETENTION GROUP, INC.

$932,743

$932,743

$272,743

$155,000

$151,721

($33,978)

$5,411

$60,806

12019

REPUBLIC RRG

$0

$0

$0

$0

$0

$0

$0

$0

12209

RESTORATION RISK RETENTION GROUP, INC.

$5,023,102

$4,406,447

$2,483,570

$1,340,423

$636,351

$506,796

$122,720

$417,019

14135

RPX RRG

11712

SAINT LUKE'S HLTH SYSTEM RRG

12511

SAMARITAN RISK RETENTION GROUP, INC.

11808

SCHUYKILL CROSSING RECIPROCAL RRG

12988

SCRUBS MUTUAL ASSURANCE COMPANY RISK RETENTION GROUP

11267

SECURITY AMERICA RRG INC

14136

SELECT MD RRG

12005

SENTINEL ASSUR RRG INC

$0

$0

$0

$0

$0

$0

$0

$0

$18,857

$8,831

$518,904

$544,387

$297,332

($322,815)

$337,351

$16,457

$1,519,973

$1,519,973

$1,973,644

$1,713,764

$96,877

$163,003

$203,458

$301,298

$2,350

$2,350

$1,404,181

$1,212,649

$236,093

($44,561)

$362,918

$318,357

$3,429,832

$2,597,005

$1,309,966

$809,194

$522,171

($21,399)

$35,198

$3,583

$601,449

$523,264

$385,963

$104,910

$264,594

$16,459

$608

$11,947

$1,710,991

$285,948

$70,400

$73,592

$12,294

($15,486)

$152

($10,177)

$25,895

$21,395

$921,098

$985,263

$387,408

($451,573)

$284,289

($44,641)

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Statutory Income Statement Data NAIC 13557

COMPANY SIGMA RRG, INC.

Direct Premium Written $0

Net Premium Written $0

Net Premium Earned $577,468

Loss & Loss Adjusted Expenses Incurred $477,216

Other Underwriting Expenses $82,274

Net Operating Gains/Losses $17,978

Net Investment Gains/Losses $48,343

Net Income/Loss $43,773

12907

SOUTHWEST PHYSICIANS RISK RETENTION GROUP, INC.

$13,579,108

$13,579,108

$4,033,777

$3,335,652

$661,944

$36,181

$1,500,865

$263,596

14207

SPIRIT COMMERCIAL AUTO RISK RETENTION GROUP

$3,229,676

$2,620,882

$1,504,096

$1,078,740

$722,212

($296,856)

$3,318

($193,735)

10754

SPIRIT MOUNTAIN INS CO RRG INC

$1,093,977

$765,783

$437,120

$19,232

$333,972

$83,916

$4,933

$41,590

11114

ST CHARLES INS CO RRG

$275,944

$275,944

$276,709

$0

$89,829

$186,880

$108,200

$225,849

$1,507,062

$1,507,062

$2,746,815

$2,590,656

$301,387

($145,228)

$203,417

$64,922

$48,246

$48,246

$18,227

$0

$36,441

($18,214)

$0

($12,021) $152,107

11688

ST LUKES HEALTH NETWORK INS CO RRG

13993

STATE CAPITOL INSURANCE RISK RETENTION GROUP, INC.

44075

STATES SELF-INSURERS RRG

$1,498,554

$236,472

$398,322

$338,573

$40,823

$10,010

$142,097

10476

STICO MUT INS CO RRG

$1,693,976

$1,384,130

$789,635

$331,176

$547,175

($88,716)

$68,999

$543

13135

SUBURBAN HEALTH ORGANIZATION RISK RETENTION GROUP, LLC

$1,883,947

$0

$0

$0

$47,677

($47,677)

$118

$3,348

14026

SUNLAND RISK RETENTION GROUP, INC.

$4,652,290

$465,229

$114,714

$13,554

$38,930

$62,230

$0

$42,081

11669

SUPERIOR INS CO RRG

$0

$0

$1,202,137

$1,011,181

$339,456

($148,501)

$42,906

($106,372)

10113

TERRA INS CO RRG

$9,577,346

$6,425,519

$1,582,376

$266,502

$832,446

$483,428

$94,430

$208,814

14395

TERRAFIRMA RISK RETENTION GROUP LLC

$1,030,027

$1,030,027

$87,482

$34,118

$112,077

($58,713)

$533

($44,755)

10152

THE HEALTHCARE UNDERWRITING CO RRG

$0

$0

$6,559,536

$5,523,138

$229,409

$806,989

$1,974

$808,963

11153

TITAN INS CO INC RRG

$3,334,182

$1,093,858

$725,625

$0

$122,814

$602,811

$140,654

$794,324

10084

TITLE INDUSTRY ASSURANCE CO RRG

$1,806,943

$180,693

$171,991

$279,094

($83,403)

($23,700)

$5,211

($40,229)

11548

UNITED CENTRAL PA RRG

$3,886,313

$3,886,313

$1,069,078

$810,268

$79,619

$179,191

$233,482

$412,673

12280

UNITED CONTRACTORS INS CO INC RRG

$2,173,074

$1,901,591

$1,666,623

$1,224,333

$870,135

($427,845)

$315,531

($112,314)

10020

UNITED EDUCATORS INS RRG INC

$11,365,051

$8,478,435

$27,463,335

$17,318,698

$5,451,454

$4,693,183

$5,213,682

$10,105,453

10712

UNITED HOME INSURANCE CO A RRG

$0

$0

$172,900

$0

$34,609

$138,291

$4,918

$93,086

12915

URGENT CARE ASSURANCE COMPANY RISK RETENTION GROUP

$331,314

$241,067

$256,341

$125,856

$120,192

$10,293

$211

$6,933

13988

UV INSURANCE RISK RETENTION GROUP, INC.

$0

$0

$0

$0

$0

$0

$0

$0

11063

VEHICULAR SERVICE INSURANCE COMPANY, RISK RETENTION GROUP

$12,184

$12,184

$36,765

$0

$21,774

$14,991

$41,143

$38,207

13974

VIRGINIA PHYSICIANS RISK RETENTION GROUP, INC.

$1,794,434

$355,297

$67,505

$58,385

$35,932

($26,812)

$742

($17,206)

13786

VIRGINIA SENIOR CARE RISK RETENTION GROUP

$1,000

$620

$177,888

$142,310

$37,775

($2,197)

$2,067

($833)

11802

WARREN RRG INC

$0

$0

$130,308

$461,322

$108,315

($439,329)

$9,539

($76,447)

$6,772,000

$6,772,000

$1,693,000

$1,588,751

$100,976

$3,273

$170,683

$173,956

$0

$0

$563,040

$408,927

$189,585

($35,472)

$6,825

($27,927)

11682

WELLSPAN RRG

14122

WESTERN CATHOLIC INSURANCE COMPANY RRG

11978

WESTERN INS RRG INC

$150,779

$150,779

$150,780

$0

$9,187

$141,593

$3,930

$145,308

40940

WESTERN PACIFIC MUT INS CO RRG

$854,230

$715,968

$1,009,378

$512,618

$429,833

$66,927

$962,526

$1,029,456

13154

WINTHROP PHYSICIANS RECIPROCAL RISK RETENTION GROUP

11796

YELLOWSTONE INSURANCE EXCHANGE (A RISK RETENTION GROUP)

$264,695

$264,695

$74,935

$45,990

$73,018

($44,073)

$1,356

($42,717)

$5,930,013

$3,767,455

$913,074

$410,882

$556,433

($54,241)

$109,922

$56,161

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Financial Ratios NAIC

COMPANY Liquidity

Cash to Losses and LAE Reserves

Leverage

Loss & LAE Reserves to PHS

DPW to PHS NPW to PHS

Loss & LAE Ratio

Expense

Combined Ratio 87.47

12934

ACADEMIC MEDICAL PROFESSIONALS INSURANCE EXCHANGE RISK RETENTION GROUP

69.76

488.34

62.05

18.21

4.97

4.13

4.03

83.45

12166

ADVANCED PHYSICIANS INS RRG INC

20.43

0.00

18.49

0.00

23.20

23.20

0.00

9.52

9.52

12252

AEGIS HEALTHCARE RRG, INC.

147.35

136.00

272.14

135.80

138.71

80.28

58.99

10.57

69.56 90.58

13677

AFFILIATES INSURANCE RECIPROCAL, A RISK RETENTION GROUP

70.72

792.24

125.51

22.40

51.64

12.77

77.84

12.73

13606

AGGREGATE SECURITY INSURANCE GROUP, A RISK RETENTION GROUP

133.64

75.32

5,757.19

5,719.80

0.00

0.00

0.00

0.00

0.00

28380

AGRI INSURANCE EXCHANGE RRG

20.07

822.77

25.05

15.17

7.40

7.40

-38.01

5.14

-32.88

11965

ALLEGIANT INS CO INC A RRG

80.82

162.83

207.77

157.89

38.50

12.17

47.94

15.87

63.81

10023

ALLIANCE OF NONPROFITS FOR INS RRG

63.38

228.15

113.77

78.68

23.86

17.40

68.53

30.49

99.02

11710

ALLIED PROFESSIONALS INSURANCE COMPANY, RRG

69.49

338.37

163.09

69.36

47.38

31.95

58.42

40.10

98.52

12013

ALLIED SERVICES RISK RETENTION GROUP

52.21

230.57

108.55

90.17

0.00

0.00

-88.92

0.00

0.00

10232

AMERICAN ASSOC OF OTHODONTISTS RRG

71.40

168.22

222.00

184.83

13.70

11.74

58.10

44.02

102.12

12631

AMERICAN BUILDERS INSURANCE COMPANY RRG, INC.

42.12

1,111.37

63.69

13.60

0.00

0.00

0.00

0.00

0.00

12300

AMERICAN CONTRACTORS INS CO RRG

25.90

0.00

27.87

0.00

-37.16

0.00

0.00

0.00

0.00

10903

AMERICAN EXCESS INS EXCHANGE RRG

40.31

272.60

66.99

60.96

0.00

0.00

65.40

0.00

0.00

44202

AMERICAN FEED INDUSTRY INS CO RRG

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

11590

AMERICAN FOREST CASUALTY COMPANY RRG

62.74

204.16

142.58

111.31

13.39

4.15

110.57

109.00

219.57

25448

AMERICAN SAFETY RRG INC

71.37

337.78

97.85

40.59

21.62

2.55

56.96

52.06

109.02

11534

AMERICAN TRUCKING AND TRANSPORTATION INSURANCE COMPANY, RRG

66.73

277.62

186.84

100.85

0.00

-6.80

-1.51

-49.16

-50.67

12171

AMERIGUARD RRG INC

35.23

502.35

51.11

28.88

4.30

4.30

90.59

13.66

104.25

11598

APPLIED MEDICO-LEGAL SOLUTIONS RRG, INC.

89.60

158.11

255.65

180.45

33.12

30.99

80.98

28.88

109.86

44148

ARCHITECTS & ENGINEERS INS CO RRG

89.81

331.85

116.50

39.09

6.97

1.85

80.00

59.14

139.14

13177

ARCOA RISK RETENTION GROUP, INC.

98.30

105.12

442.50

428.20

58.35

58.35

54.90

44.58

99.48

13580

ARISE BOILER INSPECTION AND INSURANCE COMPANY RISK RETENTION GROUP

37.57

986.83

27.28

7.36

12.40

11.13

0.00

54.39

54.39

12224

ASSET PROTECTION PROGRAM RISK RETENTION GROUP, INC.

49.25

372.94

95.54

52.01

0.00

0.00

0.00

0.00

0.00

14425

ASSOCIATION OF CERTIFIED MORTGAGE ORIGINATORS RISK RETENTION GROUP, INC.

2.34

0.00

2.38

0.00

0.00

0.00

0.00

0.00

0.00 110.15

33677

ATTORNEYS INS MUTUAL OF ALABAMA INC

50.54

367.74

97.17

52.28

12.70

9.17

36.12

74.03

22670

ATTORNEYS INSURANCE MUTUAL RRG INC

48.30

273.95

81.73

61.76

0.00

0.00

62.36

0.00

0.00

10639

ATTORNEYS LIAB ASSUR SOCIETY INC RRG

166.26

218.12

358.80

98.94

576.76

43.88

84.10

4.28

88.38

32450

ATTORNEYS LIAB PROTECTION SOC RRG

70.97

218.13

184.25

119.01

40.79

27.19

66.07

26.48

92.54

13795

ATTPRO RRG RECIPROCAL RISK RETENTION GROUP

7.37

20,405.65

7.31

0.49

4.30

0.22

88.02

311.69

399.71

13791

AVIATION ALLIANCE INSURANCE RISK RETENTION GROUP, INC.

118.20

450.69

164.57

30.89

58.07

16.29

39.40

56.58

95.98

10174

BAR VERMONT RISK RETENTION GROUP INC

39.72

421.92

55.70

33.23

0.00

0.00

31.07

0.00

0.00

12933

BEDFORD PHYSICIANS RISK RETENTION GROUP, INC.

155.25

139.66

738.12

340.43

307.37

144.68

91.95

-3.84

88.11

14169

BEST CARE INSURANCE COMPANY RISK RETENTION GROUP, INC.

2.76

0.00

2.79

0.00

1.16

0.89

0.00

52.73

52.73

13010

BONDED BUILDERS INSURANCE COMPANY, A RISK RETENTION GROUP

66.57

4,669.82

135.02

4.34

27.37

23.26

2.10

39.21

41.31

13788

BROADLINE RISK RETENTION GROUP, INC.

84.62

129.45

190.07

173.52

0.00

0.00

95.48

0.00

0.00

44504

CALIFORNIA HEALTHCARE INS CO INC RRG

74.22

182.54

160.20

118.25

23.13

13.94

89.51

8.71

98.22

12180

CALIFORNIA MEDICAL GRP INS CO RRG

53.57

209.23

91.23

81.40

3.87

3.87

83.90

67.71

151.61

11825

CARE RRG, INC.

83.26

191.32

209.02

131.22

35.11

28.37

64.33

34.38

98.70

11544

CAREGIVERS UNITED LIAB INS CO RRG

41.36

356.14

58.18

39.50

16.15

15.63

71.39

3.20

74.58

15089

CARENEXT RISK RETENTION GROUP, INC.

19.18

0.00

17.95

0.00

0.00

0.00

0.00

0.00

0.00

12373

CARING COMMUNITIES, A RECIPROCAL RISK RETENTION GROUP

120.92

475.26

171.70

29.88

56.23

19.49

70.00

18.71

88.71

10808

CASSATT RISK RETENTION GROUP INC

83.30

1,039.24

110.75

12.79

4.68

4.68

4.82

-6.91

-2.10

13784

CATTLEMAN'S INSURANCE COMPANY, A RISK RETENTION GROUP

8.48

4,699.80

8.35

2.10

13.65

8.00

-1.20

42.87

41.68

11694

CENTRAL PA PHYSICIANS RRG INC

67.92

196.50

192.16

143.98

36.80

36.80

77.00

13.11

90.11

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Financial Ratios NAIC

COMPANY Liquidity

Cash to Losses and LAE Reserves

Leverage

Loss & LAE Reserves to PHS

DPW to PHS NPW to PHS

Loss & LAE Ratio

Expense

Combined Ratio

11976

CENTURION MEDICAL LIABILITY PROTECTIVE RRG, INC.

53.81

237.52

80.46

62.95

14.01

19.16

66.38

13.78

80.17

12167

CHARITABLE SERVICE PROVIDERS RECIPROCAL RRG

32.53

1,271.96

43.42

10.49

42.15

37.20

26.54

9.38

35.93

11531

CHC CAS RRG

67.94

201.72

137.27

100.17

43.72

43.72

8.58

1.50

10.09

14388

CHEROKEE GUARANTEE COMPANY INC., RRG

124.34

175.58

225.56

103.32

13.66

13.66

69.23

55.38

124.61

11839

CIRCLE STAR INS CO RRG

351.23

413.00

524.28

36.14

572.74

28.64

91.14

-37.56

53.58

12172

CLAIM PROFESSIONALS LIAB INS CO RRG

73.36

410.32

132.94

44.16

43.99

10.60

43.68

35.34

79.02

11992

CLARIAN HLTH RRG INC

53.56

0.00

47.20

0.00

-0.30

-0.01

0.00

-342,314.35

0.00

43770

CLINIC MUTUAL INSURANCE CO RRG

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

13756

CMIC RISK RETENTION GROUP

20.34

7,827.12

23.94

1.50

10.99

3.33

11.33

64.04

75.37

11668

COASTAL INS RRG INC

69.63

244.79

160.87

94.39

38.38

25.41

82.54

20.17

102.71

44598

COLLEGE LIABILITY INS CO A RECIP RRG

33.42

369.00

39.04

31.66

0.00

0.00

37.61

0.00

0.00

13613

COLLEGE RISK RETENTION GROUP, INC.

65.49

197.89

179.42

138.45

0.00

0.00

60.18

0.00

0.00

10803

COLUMBIA NATIONAL RRG INC

35.18

0.00

52.20

0.00

3.59

3.59

0.00

70.28

70.28

11864

COMCARE PRO INS RECIPROCAL RRG

35.71

493.12

50.99

28.96

10.90

10.90

66.00

38.67

104.67

11807

COMMUNITIES OF FAITH RRG INC

11.18

1,767.42

12.23

6.19

7.00

7.00

40.00

11.98

51.98

13893

COMMUNITY BLOOD CENTERS EXCH RRG

37.87

457.77

59.59

34.38

-0.36

-2.94

88.92

-58.68

30.24

11536

COMMUNITY HEALTH ALLIANCE RECIP RRG

85.76

269.43

374.80

162.20

51.19

45.04

94.33

4.65

98.98

11259

COMMUNITY HOSPITAL RRG

74.34

170.58

187.29

147.70

48.35

46.31

78.00

4.71

82.71

10075

CONSUMER SPECIALTIES INSURANCE COMPANY RRG

42.07

297.62

62.43

49.86

4.95

2.08

67.23

168.98

236.20

11798

CONTINUING CARE RRG, INC.

586.18

41.15

131.53

54.53

122.88

112.88

83.75

10.83

94.59

11603

CONTRACTORS INS CO OF NORTH AMER RRG

69.17

160.88

146.85

131.96

5.94

2.73

21.78

38.29

60.07

10341

CONTROLLED RISK INS CO OF VT RRG

172.73

328.39

292.94

51.64

351.85

49.26

45.39

13.85

59.24

12042

COOPERATIVE OF AMERICAN PHYSICIANS INSURANCE COMPANY, INC., A RRG

52.54

302.67

84.01

52.83

14.15

29.93

77.88

13.96

91.84

14906

COPIC, A RISK RETENTION GROUP

8.50

0.00

8.99

0.00

0.00

0.00

0.00

0.00

0.00

14160

COVERYS RRG, INC.

1.90

131,208.25

1.91

0.08

1.60

0.08

176.48

896.17

1,072.66

10164

CPA MUTUAL INS CO OF AMERICA RRG

72.56

210.82

128.58

84.06

15.26

4.92

135.34

33.98

169.32

13720

CROSSFIT RISK RETENTION GROUP, INC.

66.19

489.74

132.20

40.78

62.88

44.01

38.78

36.72

75.51

11676

CRUDEN BAY RRG INC

63.98

212.99

127.45

93.52

34.60

34.60

100.00

2.76

102.76

13655

CRYSTAL RUN RECIPROCAL RISK RETENTION GROUP

168.30

263.56

279.36

62.98

161.28

73.88

65.61

4.55

70.17

43125

DELAWARE PROFESSIONAL INSURANCE CO

60.05

195.13

143.12

122.14

0.04

0.04

121.66

6,538.29

6,659.95 91.70

13018

DOCTORS & SURGEONS NATIONAL RRG

95.60

217.19

293.59

141.40

69.94

56.35

55.92

35.78

11842

DUBOIS MEDICAL RRG

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

10115

EASTERN DENTISTS INS CO RRG

69.63

191.56

153.02

114.73

8.28

6.91

62.00

86.86

148.86

10125

ELITE TRANSPORTATION RRG INC

127.97

192.00

539.70

219.66

216.11

130.20

71.78

4.21

75.99

14163

EMERGENCY CAPITAL MANAGEMENT, LLC, RRG

57.00

461.22

124.62

47.41

168.05

35.10

83.47

-8.48

74.99

12003

EMERGENCY MEDICINE PROFESSIONAL ASSURANCE COMPANY RRG (EMPAC)

126.87

151.91

251.72

130.62

13.13

13.42

49.03

59.89

108.92

12015

EMERGENCY MEDICINE RRG INC

67.50

201.55

115.31

84.76

-0.34

-0.34

137.21

-1,008.75

-871.54

11714

EMERGENCY PHYSICIANS INS CO RRG

90.67

132.14

360.03

300.51

40.26

34.66

70.00

26.78

96.78

38466

EVERGREEN USA RRG INC

76.37

178.92

132.65

97.08

20.07

12.82

68.70

58.24

126.94

11840

FAIRWAY PHYSICIANS INS CO RRG

113.26

126.11

326.77

228.77

60.08

51.62

77.39

19.61

96.99

11698

FAITH AFFILIATED RRG INC

40.12

280.30

66.16

58.82

0.00

0.00

89.23

0.00

0.00

14439

FIDUCIARIES RISK RETENTION GROUP, INC.

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

11801

FIRST KEYSTONE RISK RETENTION GROUP, INC.

130.52

129.77

434.82

256.72

89.71

89.71

71.59

24.45

96.04

11278

FIRST MEDICAL INS CO RRG

40.29

274.38

66.57

60.21

0.00

0.00

103.42

0.00

0.00

12625

FORT WAYNE MEDICAL SURETY COMPANY, RRG

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

First Quarter 2013 - RRG Analysis


Risk Retention Groups - Selected Financial Ratios NAIC

COMPANY Liquidity

Cash to Losses and LAE Reserves

Leverage

Loss & LAE Reserves to PHS

DPW to PHS NPW to PHS

Loss & LAE Ratio

Expense

Combined Ratio

10842

FRANKLIN CASUALTY INS CO RRG

464.03

57.30

681.22

256.21

0.00

0.00

65.99

0.00

0.00

12016

FREDERICKSBURG PROFESSIONAL RISK EXC

70.43

177.43

84.16

67.35

20.84

20.84

93.64

2.88

96.51

14032

GABLES RISK RETENTION GROUP, INC.

158.63

129.75

177.05

86.02

119.90

119.90

85.00

3.41

88.41

12000

GEISINGER INS CORP RRG

169.47

450.58

33.37

4.37

0.00

0.00

0.00

0.00

0.00

10163

GENERAL EASTERN SKI INS RRG INC

45.89

393.98

35.93

19.87

0.00

0.00

0.00

0.00

0.00

13782

GERIC INSURANCE RISK RETENTION GROUP, INC.

1.48

40,741.43

1.47

0.24

1.75

1.75

8.05

67.18

75.23

11948

GLOBAL HAWK INSURANCE COMPANY RRG

97.31

238.79

243.51

104.79

71.72

66.75

81.17

18.55

99.72

10991

GLOBAL INTL INS CO INC A RRG

4.34

0.00

4.29

0.00

0.82

0.82

0.00

54.85

54.85

11145

GOLDEN INS CO RRG

88.01

468.30

146.19

35.47

30.96

20.74

61.77

29.49

91.26

12512

GOOD SHEPHERD RECIPROCAL RISK RETENTION GROUP, INC.

69.86

281.89

109.20

55.45

69.92

69.92

79.88

4.44

84.32

13973

GOVERNMENT TECHNOLOGY INSURANCE COMPANY RISK RETENTION GROUP, INC.

65.73

0.00

100.87

0.00

8.27

6.49

2.55

269.20

271.74

11581

GRACO RRG INC

238.05

0.00

209.38

0.00

283.61

-7.79

0.00

-250.26

-250.26

11941

GREEN HILLS INS CO RRG

41.73

325.37

65.20

48.02

0.00

0.00

33.42

0.00

0.00

11696

GUARDIAN RRG INC

58.22

247.15

95.68

66.49

33.19

33.19

84.96

4.94

89.90

12014

GUTHRIE RRG

0.00

13057

HAMDEN ASSURANCE RRG, INC.

12236

HEALTH CARE CAS RRG INC

64.29

168.00

156.87

145.23

0.00

0.00

130.28

0.00

4,165.76

0.00

5,536.90

0.00

0.00

0.00

0.00

0.00

0.00

105.17

261.72

896.18

325.60

126.64

107.09

62.96

10.48

73.44 99.38

11813

HEALTH NETWORK PROVIDERS MUT INS CO

65.36

233.66

158.16

103.56

8.69

5.22

33.33

66.05

10080

HEALTH PROVIDERS INS RECIPROCAL RRG

42.54

287.62

65.34

53.40

6.13

5.45

66.53

23.76

90.29

11832

HEALTHCARE INDUSTRY LIABILITY RECIPROCAL INSURANCE COMPANY, RRG (HEALTHCAP RRG)

110.20

269.42

185.96

62.63

50.21

4.40

82.32

2.27

84.60

11683

HEALTHCARE PROVIDERS INS CO RRG

41.76

330.67

68.20

49.39

1.56

1.56

65.00

79.92

144.92

11998

HEARTLAND HEALTHCARE RECIP RRG

50.72

271.70

99.21

71.99

32.69

32.69

64.29

9.30

73.59

11097

HERITAGE WARRANTY INS RRG INC

30.18

11,770.80

43.22

1.22

0.00

0.00

48.98

-752,036.36

-751,987.38

11950

HOME CONSTRUCTION INS CO RRG

63.06

188.80

164.74

138.38

0.00

0.00

-0.27

0.00

0.00

26797

HOUSING AUTHORITY RRG INC

39.45

338.36

61.08

45.77

3.69

3.74

59.69

41.27

100.95

41246

HOW INSURANCE COMPANY, A RISK RETENTION GROUP

10.74

8,802.97

11.87

1.26

0.00

0.00

0.00

0.00

0.00

11268

ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP

27.55

505.59

35.56

25.53

3.86

1.35

17.84

85.25

103.09

12018

INDEMNITY INSURANCE CORPORATION, RRG

178.80

177.94

207.81

65.32

83.12

83.12

27.13

28.66

55.80

11692

INDIANA HEALTHCARE RECIP RRG

55.10

252.87

97.69

70.11

29.39

29.39

75.63

6.13

81.76

12320

INNOVATIVE PHYSICIAN SOLUTIONS RRG

71.98

158.27

119.51

104.91

0.12

0.12

59.92

4,554.32

4,614.25

14375

IRONSHORE RISK RETENTION GROUP, INC.

494.68

1,672.05

228.92

2.77

139.19

6.96

60.69

42.75

103.44

12594

J.M. WOODWORTH RRG, INC.

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

11872

KENTUCKIANA MEDICAL RECIPROCAL RRG

49.93

254.54

77.43

60.92

18.97

20.21

162.62

3.83

166.46

11939

KENTUCKY HOSPITAL INS CO RRG

69.55

217.28

141.74

93.79

52.30

28.55

99.43

8.26

107.69

11803

LAKE STREET RRG INC

51.61

248.80

87.09

67.83

19.87

19.87

94.15

10.80

104.95

14444

LAMMICO RRG, INC.

10.86

12,278.84

11.81

0.89

2.72

0.13

1,129.26

1,603.58

2,732.84

13014

LANCET INDEMNITY RISK RETENTION GROUP, INC.

100.13

179.13

305.38

170.26

83.61

54.79

66.40

43.91

110.31

11500

LENDERS PROTECTION ASSUR CO RRG

2.46

0.00

2.46

0.00

4.74

0.00

0.00

0.00

0.00

12627

LIBERTY FIRST RISK RETENTION GROUP INSURANCE COMPANY

91.52

112.95

195.98

189.60

8.20

3.48

82.04

58.33

140.37

11.55

47.17

11958

LIFE SERVICES NETWORK RECIP INS RRG

51.02

397.34

82.94

40.92

29.29

16.07

35.62

14084

LIVESTOCK MARKET ENHANCEMENT RISK RETENTION GROUP

-0.09