About RVI : History

A Legacy of Innovation

Key events contributed to who we are today. Significant milestones are shown below:

RVI Group Interactive Timeline

1989

Howard Chickering, together with Thomas R. Cox, III, founded R.V.I. Guaranty, Co. Ltd. (RVI Group) as a monoline residential value insurance company.

1990

In early 1990, US West Financial Services provided the initial funding for the RVI Group.

RVI signs the first residual value program business with GE Capital.

RVI signs the first passenger vehicle residual value insurance account.

1991

RVI signs the first aircraft residual value transaction with Cessna Financial.

1993

Quantum Industrial Partners LDC, acquired RVI Group from US West, increasing capital from $50 million to $75 million.

1996

RVI signs the first residual value insurance portfolio of retail stores.

1997

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

2003

Financial Market Intermediaries is incorporated to support insurance brokerage activities.

2004

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

2005

CNA sold its ownership interest in RVI to Quantum Industrial Partners.

2006

RVI forms Financial Guaranty division to sell reinsurance to monoline financial guaranty insurance companies helping clients overcome regulatory limitations or market volatility.

RVI acquires R.V.I. National Insurance Company, a fully licensed property and casualty company.

2007

R.V.I. Guaranty Co., Ltd., R.V.I. America Insurance Company, and R.V.I. National Insurance Company receive financial strength rating of A- (Excellent) and issuer credit ratings of "a-" from A.M. Best Co.