What is the RVI Group?

The RVI Group is the world’s leading provider of residual value insurance. For over 28 years, our solutions have brought financial, regulatory and accounting benefits to our clients, who are active worldwide in leasing, asset-based finance, and asset securitization.

RVI’s core business continues to grow, and we are leveraging our strengths to diversify into complementary markets and geographies that offer additional growth opportunities. Our family of products and services now includes passenger vehicle analytical services and severance management.

Mission Statement

We deliver specialty insurance, financial solutions and analytical services which provide value to our clients and strong returns to our shareholders. We do this by utilizing our sophisticated underwriting, risk analysis and asset valuation expertise. We attract, reward and encourage highly skilled and dedicated professionals through our commitment to excellence, development, and teamwork.

The Value of RVI

The RVI team represents a wealth of experience in insurance,
leasing, and finance.

Sophisticated underwriting, risk analysis and asset valuation expertise, supported by a range of proprietary databases, surveillance/monitoring techniques and modeling tools, help us deliver unsurpassed value to our clients.

Innovation is a hallmark of our firm. RVI pioneered the development of residual value insurance products and their application in asset finance accounting. Our firm was the first to recognize the financial flexibility of a Bermuda-domiciled insurance company in 1989. We introduced efficient multi-asset commercial equipment programs and book settlement.

RVI’s strong ratings – BBB/stable from Standard & Poor’s and A- Excellent from A.M. Best – are a yardstick of our demonstrated underwriting excellence and financial strength.

Our History

Howard Chickering and Thomas R. Cox, III founded R.V.I. Guaranty Co., Ltd. (RVIG) as a residual value insurance company. It was formed as a Bermuda domiciled insurer to focus exclusively on providing insurance solutions to the residual value market.

US West Financial Services provided the initial funding for RVIG. RVIG signed its first residual value program business with GE Capital and its first passenger vehicle residual value insurance account.

RVIG signed the first aircraft residual value insurance transaction with Cessna Financial.

Quantum Industrial Partners LDC (QIP), acquired RVIG from US West which increased RVIG's capital from $50 million to $75 million.

R.V.I. America Insurance Company (RVIA) was formed as a Connecticut domiciled insurance company.

RVIA signed the first residual value insurance portfolio of retail stores.

Continental Casualty Company (a wholly owned subsidiary of CNA Financial Corporation) (CNA) and QIP closed a transaction under which CNA and QIP increased RVIG's capital from $75 million to $100 million.

Transition Services, Inc. was formed to provide outsourced severance and salary continuation administration services using the tax effective IRS approved structure, the Supplemental Unemployment Benefits Plan.

RVI Analytical Services, Inc. was formed to provide residual value analysis of passenger vehicle portfolios for leasing companies and automobile manufacturers.

CNA sold its ownership interest in RVIG to QIP.

R.V.I. America Corporation acquired R.V.I. National Insurance Company (RVIN), a property and casualty company licensed in all 50 states and the District of Columbia.

RVIG entered the financial guaranty business.

RVIA temporarily ceased underwriting commercial real estate residual value insurance business as transactions are being underwritten at a level in excess of RVIA's risk tolerance.

RVIG profitably exited the financial guaranty business.

RVIA re-entered the Commercial Real Estate residual value insurance market.

RVIA merged into RVIN to create a single Connecticut domiciled insurance company that is licensed in all 50 states and the District of Columbia. RVIN changed its name to R.V.I. America Insurance Company.

RVIG, in its capacity as a segregated accounts company, created and managed a segregated account for a large US leasing entity so that it could insure the residual values of its passenger vehicle portfolio.