The Captive Insurance Companies Association (CICA)has announced that it is in discussions with the National Risk Retention Association (NRRA) regarding a possible merger. Each association board has appointed a task force to evaluate this process. NRRA Chair Steve Crim chairs the NRRA Task Force and CICA Vice-Chair Terry Young chairs the CICA Task Force.
The leadership of both organizations is evaluating all aspects of this possible merger an if it is found to have mutual benefit for the associations and their membership, it will then be submitted to the individual members of eachassociation by their respective boards for the final vote and approval. The evaluation process is moving forward and is expected to be completed by year-end.