Network with Captive Review on LinkedIn

Follow Captive Review on Twitter

RSS

16th of May 2012

RRG created exclusively for E&O

Vicky Beckett 13/09/2011

A risk retention group has been created to offer errors and omissions coverage exclusively for the National Association of Professional Insurance Agents (PIA) members.
 
PIA Professional Liability Insurance Company (PIAPRO) was certified by Montana’s captive insurance authority on August 5.
 
The rate and form filings for the PIAPRO program are finalised in 35 states, with remaining states in differing phases of approval.
 
Larry Willis, PIA services president, said: "As owners of independent insurance agencies, PIA members are entrepreneurs. That's why it is particularly fitting that we have taken an entrepreneurial approach in creating our own insurance company that is owned by PIA members."
 
PIAPRO is partnering with Argo Group to offer an admitted program available exclusively to PIA members backed by Argonaut Midwest Insurance Company and Argonaut Insurance Company, rated A by AM Best.
 
"With the creation of PIAPRO, PIA members took a bold step to control their own destiny," said PIA national president Fred Thomas.
 
PIAPRO was created by PIA, the agents association that has been providing agents with error and omissions coverage for 80 years, since its inception in 1931.
 
PIAPRO is a PIA agent-owned, PIA agent-controlled independent company formed by PIA Services a wholly-owned for-profit subsidiary of PIA.

Tags: RRGs

Post a comment

Post a comment

Bill Kostner 15/09/2011 11:25am

I think that Risk Retention Groups offer the option for savvy groups to work together as insurance owners to lower their costs. RRG's tend to do well in hard time and I'd expect that they will be increasing in popularity. I wish them well! Bill Kostner

» Report this comment

Captive Insurance Database (CID)is the world's most comprehensive online source of captive market intelligence.

CID gives users instant access to the names of parent companies who currently own a captive. It also provides the names and contact details of captives’ risk managers, as well as the parent or ultimate parent companies’ address, country, CFO, CEO, and exchange.

CID also gives you the captive name, manager, licence and incorporation date and the type of captive the parent company is running.

CID will help you to:

•    Win more business proactively – Search from 5,700 captives and over 3,700 captive owners who you can offer your services to.


•    Increase profit and efficiency – Target specific captive owners and sponsors quicker, saving you time.


•    Build relationships
Access detailed contact information for each decision-maker. 

An annual CID licence costs just £1,195 + VAT.

Already a CID user?Login here.

Order a 2 year subscription and SAVE 25%
The licence includes full online access to CID and a free annual hardcopy of CID (worth £610).To find out more contact Nick Byrne on +44 (0) 20 7029 4027 or
cid@captivereview.com.

more//

Company and Ratings Search

Search A.M. Best's extensive database of life/health, property/casualty and insurance companies worldwide.

more//

Cell Company Guide

WELCOME TO THE Captive Review Cell Company Handbook 2009 – the second edition of our global directory of cell company jurisdictions. Since we last published this directory, the general attitude toward cell companies seems to have shifted up a gear. Whereas single-parent companies have long ruled the captive roost, a slight uptick in the formation of pure captives at the beginning of this year can’t hide the fact that growth in this market is still sluggish.

more//

Pellentesque feugiat arcu vitae lacus elementum in ullamcorper diam pulvinar. In odio massa, facilisis sed dignissim vel, vehicula ac diam. Curabitur tempor, quam nec aliquam tempus, dui lorem venenatis arcu

Mauris accumsan orci ut turpis placerat condimentum. Ut sit amet lobortis purus. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos.

CID