Reinsurance News
RLI Corp
RLI reports rise in net earnings and Q1’24 combined ratio of 78.5%
23rd April 2024
RLI Corp., a specialty insurer serving property, casualty and surety markets, has reported Q1 2024 net earnings of $127.9 million, compared to $98.8 million a year earlier. The insurer has announced underwriting income of $77.7 million on a combined ratio of 78.5% for the first quarter of 2024, compared to $67.9 ... Read the full article
RLI Corp. promotes Porter to VP, RLI Executive Products Group
1st March 2024
RLI Corp., the specialty insurer, has promoted Kerrick Porter to the role of Vice President, RLI Executive Products Group, effective May 17, 2024. Porter will take over the role from Chad Berberich, who will be retiring on May 17 2024 after 21 years of service to RLI. According to the firm, in ... Read the full article
RLI reports full year underwriting income of $173.2m on a combined ratio of 86.6%
25th January 2024
RLI Corp. has reported a full year underwriting income of $173.2 million on a combined ratio of 86.6%, compared to $178.2 million on a combined ratio of 84.4% in 2022. The firm explained that favourable development in prior years’ loss reserves resulted in a $95.3 million net increase in underwriting income ... Read the full article
RLI Corp adds Clark Kellogg to Board
14th November 2023
RLI Corp, a specialty insurer serving niche property, casualty and surety market, has announced the appointment of Clark C. Kellogg to its Board of Directors. Kellogg’s term will be effective January 1, 2024 and will expire in May 2024 at RLI’s next shareholders’ meeting, at which time he will stand for ... Read the full article
RLI promotes Phil Brodeur to Vice President, Risk Services
3rd November 2023
RLI Corp, a specialty insurer serving niche property, casualty and surety market, has announced the appointment of Phil Brodeur as Vice President, Risk Services, replacing Chris Randall, who will be retiring in February 2024. In his new role, Brodeur will have executive leadership and oversight responsibility for RLI’s pricing, reserving, risk ... Read the full article
Hawaii wildfire loss unusual, but no huge impact to reinsurance renewal process: RLI
25th October 2023
RLI Insurance recorded losses of $66 million from the Maui wildfires in the third quarter of 2023, but while this was a severe event and unusual for the company, it's not expected to have a major impact on the firm's January 1st, 2024, reinsurance renewal process, according to Chief Operating ... Read the full article
RLI reports 98.7% combined ratio as net earnings fall to $13.5m in Q3 2023
24th October 2023
Specialty insurer for property, casualty and surety markets, RLI Corp., has reported underwriting income for Q3 2023 of $4.2 million and a combined ratio of 98.7%, compared year over year to $8.8 million and a 97% combined ratio. The company’s Q3 2023 net earnings of $13.5 million, translated to $0.29 per ... Read the full article
RLI Corp estimates losses from Hawaii wildfires of $65-$75m
24th August 2023
RLI Corp. has released an estimated range of pretax net catastrophe losses from the Hawaii wildfires of $65 million to $75 million, to be reflected in its Q3 2023 results. This range is inclusive of the net of reinsurance recoverable and reinstatement premiums and is based on the impact of approximately ... Read the full article
RLI reports Q2 net earnings of $78m as investment income jumps 55.8%
25th July 2023
RLI Corp. has reported Q2 2023 net earnings of $77.7 million, compared to a net loss of $2.2 million for the same quarter of 2022. RLI disclosed that it achieved $41.2 million of underwriting income in Q2 of 2023 on an 87.2 combined ratio, compared to $56.0 million on an 80.2 ... Read the full article
RLI announces promotions within Claim and Claim Counsel teams
5th July 2023
Specialty insurer RLI has announced promotions within its Claim and Claim Counsel teams, effective immediately. Cory Figiel, who joined RLI in 2016 as Director, Claim Counsel, has been promoted to Vice President, Claim. With this promotion, Figiel will assume executive leadership responsibility for Professional Liability, Environmental Liability, and Executive Products Group claims. Her ... Read the full article
RLI reports higher underwriting income, grows top-line
20th April 2023
Specialty insurer RLI has reported underwriting income of $67.9 million on a combined ratio of 77.9% for the first quarter of 2023, as well as a 16% increase in gross premiums written. This compares with $59.5 million underwriting income also on a 77.9% combined ratio for the same period last year, ... Read the full article
RLI announces restructure of product leadership
5th January 2023
Specialty insurer RLI has reported the promotions of three product leaders following the retirement of Dennis Drees, Vice President, Casualty Brokerage. Drees joined RLI in 1994 as Director of Casualty, serving in various leadership roles before being promoted to his current role in 2014. His retirement is set for February 14, ... Read the full article
Paul B. Medini appointed to RLI Board of Directors
3rd November 2022
Specialty insurer RLI has announced that Paul B. Medini has been appointed to its Board of Directors. The firm states that Medini brings extensive audit, accounting, and insurance experience to his new role following a 17-year career at ACE Group and Chubb, and a 23-year career at PricewaterhouseCoopers, where he served ... Read the full article
Net loss of $2.2mn for RLI Corp in Q2 results
21st July 2022
US property and casualty insurer RLI Corp. has reported a net loss of $2.2 million in the second quarter of 2022, compared to net earnings of $81.8 million from the same period last year. The company’s operating earnings for the quarter were $67.4 million, a major increase from the $49.9 million ... Read the full article
RLI names two new leaders
10th May 2022
US property and casualty insurer RLI Corp. has appointed two leaders to new roles. The company has announced that Donald Johnson has been promoted to Vice President, RLI Professional Services Group, and that Bret Stone has joined the company as Vice President, Data & Analytics. In his new role, Johnson will have ... Read the full article