Reinsurance News

RLI Corp

RLI hires new Vice President of E&S Property

18th August 2020

US property and casualty insurer, RLI Corp., has announced the promotion of Jonathan Ward to Vice President, E&S Property. In this role, Ward takes on responsibility for leading RLI’s E&S Property Group, which offers comprehensive commercial property and difference in conditions coverages for commercial risks. He will be succeeding John Stenhouse, who ... Read the full article

RLI posts $92mn Q2 earnings, 88.4% combined ratio

23rd July 2020

US property and casualty insurer RLI has reported second quarter net earnings of $92.2 million, compared to $40.5 million for Q2 2019. Operating earning for the quarter were $34.8 million, compared to $29.7 million for the same period in 2019. RLI achieved $24.2 million of underwriting income on an 88.4% combined ratio, compared ... Read the full article

RLI Transportation partners with IoT firm to enhance loss control resources

12th February 2020

RLI Transportation, a division of specialty insurer RLI Corp., has partnered with an Industrial Internet of Things (IoT) firm, Samsara, to provide relevant customers with enhanced loss control resources. Samsara, which boasts a growing suite of solutions, is a provider of sensors and software designed to manage vehicle fleets and industrial ... Read the full article

Reserve release boosts RLI to $16.5m Q4 underwriting income

23rd January 2020

US property and casualty (P&C) insurer RLI has beniftted from a $16.2 million reserve release in the fourth quarter of 2019. This reserve release largely accounts for RLI’s reported Q4 underwriting income of $16.5 million, a $2.8 million increase from the previous quarter. RLI posted a 92.4 combined ratio, compared to a ... Read the full article

RLI enters excess liability binding authority partnership with Gridiron

22nd October 2019

US property and casualty (P&C) insurer RLI Corp. has entered into a new partnership with Gridiron Insurance Underwriters to offer RLI's excess liability binding authority insurance through Easy Excess. The Easy Excess platform is Gridiron's dedicated online wholesale excess liability portal, which allows appointed producers to quote, bind and issue excess ... Read the full article

Improvements in casualty, surety offset property underwriting loss for RLI in Q2

18th July 2019

RLI Corp. has announced a slight improvement in its underwriting income in the second-quarter of 2019, as gains in casualty and surety business offset a property segment underwriting loss in the period. For the second-quarter of 2019, RLI has reported net earnings of $40.5 million, compared with $33.3 million a year ... Read the full article

RLI promotes Bryant to replace retiring Brown

7th May 2019

The Senior Vice President (SVP) & Chief Financial Officer (CFO) of RLI Corp., Thomas L. Brown, is leaving the company on July 1st, 2019 after eight years with the firm. He joined in 2011 as Vice President (VP) and CFO, and subsequently led the company's financial strategy, planning, and management operations. He was ... Read the full article

RLI increases cat reinsurance limit by $90mn at Jan renewals

25th January 2019

Specialty insurer and reinsurer RLI Corporation has increased its catastrophe reinsurance protection limit by $90 million at the recent January renewals to cover an expected growth in exposures. Craig Kliethermes, President and Chief Operating Officer (COO) at RLI, explained that about half of the company’s reinsurance spend is placed at year-end, ... Read the full article

RLI estimates up to $27 million of losses from hurricane Michael

9th November 2018

RLI Corp. has announced that it expects to incur preliminary pre-tax losses of between $22 million and $27 million, net of reinsurance, as a result of hurricane Michael. The firm states that losses might actually differ materially from this initial estimate, as the range is based on reported and projected claim ... Read the full article

Slow moving lava flow losses means no available reinsurance: RLI President

20th July 2018

Specialty insurer and reinsurer, RLI Corporation, saw its second-quarter net underwriting income decline by $5.5 million as a result of volcano activity in Hawaii, while the slow moving nature of the exposure means there isn't any available catastrophe reinsurance, according to President and Chief Operating Officer (COO), Craig Kliethermes. Hawaii's Kīlauea volcano ... Read the full article

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