SOURCE: National Risk Retention Association

National Risk Retention Association

October 06, 2011 14:21 ET

Elsass Elected NRRA Chairman

WASHINGTON, DC--(Marketwire - Oct 6, 2011) - Sanford "Sandy" Elsass, President/CEO of Uni-Ter Underwriting Management Corporation, was elected Chairman of the National Risk Retention Association (NRRA) at its annual conference. Elsass succeeds Brian Braley, Vice President-Legislative Affairs of the Housing Authority Risk Retention Group.

NRRA is the voice of the Risk Retention and Purchasing Group sectors of the insurance industry. It was formed in 1987 and is the only trade association dedicated to the successful development, education, and promotion of alternatives to traditional insurance in the United States. Risk Retention Groups (RRGs) are authorized by the Liability Risk Retention Act of 1986 to write liability insurance nationally when licensed in a single state. They have grown into a major sector of the insurance industry with more than 250 companies that write $2.5 billion premium.

In accepting the Chair, Elsass commended Braley and the NRRA Board for leadership over the past year in successfully defending RRGs against the efforts of some states to restrict the legal operation of RRGs under the federal law. He said a high priority over the next year will be to build support for the Risk Retention Modernization Act (HR 2126) now before Congress. The Act would create a mechanism to resolve disputes with states and relieve the industry of the costly, lengthy process of going to the federal courts to enforce the law.

Contact Information

  • For more information, contact:
    Mechlin Moore
    NRRA Communications Director
    239-777-1595
    Email Contact