FG Financial forms risk retention group to fill SPAC D&O gap
Nasdaq-listed small cap (re)insurer FG Financial Group (FGF) has announced the creation of a risk retention group to target one of the hardest spots in the D&O market: the provision of liability insurance to blank check company directors.
Risk retention groups pool risk between companies in a similar industry and are common way of providing cheap insurance to trucking companies, healthcare providers and law firms.
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