About RVI : History
A Legacy of Innovation
Key events contributed to who we are today. Significant milestones are shown below:
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.






