Frederick, MD – February 2025 – Preferra Insurance Company RRG is proud to announce its recognition as one of the Top 100 Risk Retention Groups in the latest rankings by the Risk Retention Reporter, the authoritative journal for the risk retention marketplace. This achievement highlights Preferra’s commitment to providing superior insurance solutions and its strong position within the competitive landscape of risk retention groups (RRGs).
The Risk Retention Reporter’s annual rankings analyze the performance of risk retention groups based on key financial metrics, including assets, surplus, and gross written premium. Preferra Insurance Company RRG’s inclusion in this elite group demonstrates its financial stability, operational excellence, and dedication to serving its policyholders with comprehensive and reliable coverage.
“We are thrilled to be recognized among the top 100 risk retention groups,” said Dr. Richard L. Jones, PhD, President, Preferra Insurance Company RRG. “This honor reflects our unwavering commitment to protecting professionals in the social work, mental health, behavioral health and human services fields. Our focus on innovation, financial strength, and policyholder satisfaction continues to set us apart in the industry.”
Preferra Insurance Company RRG specializes in providing professional liability insurance tailored to the unique needs of social workers, mental health, behavioral health, and human services professionals, including agencies. As a regulated insurance company, Preferra prioritizes protecting its policyholders’ personal information and delivering tailored solutions to mitigate risks in a complex professional environment.
Preferra’s strong financial stability, operating performance and dedication to serving its policyholders have allowed the company to realize it’s long-held mission of issuing premium refund dividends to policyholders. Preferra was created to specialize in protecting social workers and all helping professionals, including agencies. Our most important duty is to focus on the best interests of our policyholders, which is why our Board of Directors is comprised of Social Work Pioneers alongside industry-leading social workers who have dedicated their careers to the field. They ensure that policyholders have an advocate and that their voices are heard at the highest level of the company, overseeing policies and supporting policyholders when it matters most — if a claim or lawsuit is ever brought against them.
The recognition comes during a time of notable growth for the risk retention group sector. According to the Risk Retention Reporter, RRGs saw significant increases in total assets and surplus in 2023, driven by strong investment performance. With assets increasing by 20.5% and surplus growing by 27.0% across the industry, RRGs like Preferra have proven their resilience and ability to adapt to market challenges.
Preferra Insurance Company RRG remains committed to its mission of supporting social workers and all helping professionals and organizations through innovative risk management solutions and exceptional service.
About Preferra Insurance Company RRG
Preferra Insurance Company RRG is a leading provider of professional liability insurance, offering tailored solutions to social workers, mental health, behavioral health and human services professionals. Preferra’s Board of Directors is comprised of Social Work Pioneers alongside industry-leading social workers who have dedicated their careers to the field. They oversee policies designed to protect policyholders when it matters most—throughout their careers and in the event of a claim or lawsuit. This ensure that policyholders have a voice and an advocate at the highest level of the company.
About Risk Retention Reporter
The Risk Retention Reporter is the premier source of news and analysis for the risk retention marketplace, providing in-depth coverage of trends, rankings, and developments for RRGs nationwide.