UE is one of the first and largest risk retention groups (RRGs) formed since Congress enacted the Liability Risk Retention Act (LRRA) in 1986. RRGs are a form of a captive insurance company, formed to meet the unique risk transfer need of a specific type of organization or business. Flexibility, responsiveness, and focus on the members of the group are the hallmarks of a well-run RRG.
UE’s form of ownership is a non-assessable reciprocal. With reciprocals, or exchanges, member insureds exchange their risks with each other. Each new UE member executes a subscriber’s agreement and power of attorney, appointing UE as its attorney-in-fact so it can exchange insurance risks with all other UE members.