6 October 2014USA analysis

NRRA appoints chairman

The National Risk Retention Association (NRRA) has elected Dan Labrie as its new chairman.

Labrie, president and chief executive officer of the Housing Authority Insurance Group (HAI), which serves public housing authorities across the US, succeeds Sanford Elsaass, who has been chairman for the past three years.

"Dan Labrie is a leader in our industry who has given strong support to NRRA over the years. We are especially pleased that he has agreed to serve as chairman," said Elsass.

There are currently 240 risk retention groups that collectively write over $2.5 billion in premium and are authorised to write liability insurance in all 50 states under the Liability Risk Retention Act.

Labrie said: "NRRA is the public voice of risk retention and purchasing groups with a successful record of defending the industry against challenges to the authority of risk retention groups to operate in some states; I am confident in the future growth of this important sector of the insurance industry.”

HAI offers liability insurance to its members through the Housing Authority Risk Retention Group, one of the largest risk retention groups.