George Town, Grand Cayman, May 17, 2019 – USA Risk Group, a leading independent captive management firm, announced today that the senior management team has completed a management buyout from Spencer Capital Holdings. The buyout will include operations from all captive jurisdictions USA Risk Group currently operates in. The existing management team will remain in place to manage all current and new clients.
With less than two weeks to go, the USA Risk Group team is looking forward to attending the 2018 VCIA Annual Conference in Burlington, Vermont. There's still time to register for this captive industry event where all the key players will be going.
Change is coming. Following one of the most disruptive and costly natural catastrophe seasons in history last year, insurance buyers will likely experience rate increases for 2018. Risk managers and brokers can prepare by knowing the rate ceiling for a company, developing an up-to-date risk profile to present to carriers at renewal and evaluating alternative risk transfer options.
In the last two years, USA Risk Group has been honored with top awards in the industry presented by Captive Review, the leading source of news and analysis for the risk management and captive insurance communities. The risk management industry requires knowledge, experience and innovation in order to provide insurance solutions for businesses with needs that the standard market cannot meet. The selection of USA Risk Group as the winner in three categories proves we have the expertise to create solutions to these non-standard needs year-after-year.
Burlington, VT - August 10, 2017 - USA Risk Group won both Independent Captive Manager of the Year and Risk Retention Group Manager of the Year at the annual Captive Review Awards hosted August 7 in Burlington, Vermont. USA Risk Group was one of five companies that took home two awards that night. Two days later, the Vermont Captive Insurance Association (VCIA) honored Gary Osborne, President of USA Risk Group, with their Industry Service Award.
A.M. Best Company Revises Outlook to Positive of National Independent Truckers Insurance Company, A RRG
Oldwick, NJ - August 17, 2016 - A.M. Best has revised the outlooks to positive from stable and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of "bbb-" of National Independent Truckers Insurance Company, A RRG (NITIC) (Charleston, SC).