About SDRG
SDRMA formed a wholly owned captive insurance company, Special District Reinsurance Group (SDRG), on June 1, 2021. SDRG is domiciled in the State of Utah and is regulated by the Utah Department of Insurance.
By operating its captive insurance company, SDRMA is able to enhance its investment program, which creates immediate and long-term savings, and overall, creates a superior risk transfer mechanism.
There is a potential short-term immediate benefit to each program that transfers risk into the captive, in that the cost to fund each corridor can be discounted by a reasonable percent, depending on the duration of the payout period of the program, which would represent an upfront savings to the program members.
There is a long-term benefit to the entire SDRMA membership across all programs. This is derived from an enhanced investment program that will return significant additional investment income to SDRMA (all programs) over the long-term.
2024/25 Budget2024 Financials2023 Financials2022 FinancialsA captive insurance company empowers its members by providing greater control over risk management, allowing us to tailor coverage and invest in long-term stability. By leading with purpose, we align our strategies with the unique needs of our communities, ensuring that protection and growth go hand-in-hand as we build resilient futures together.
