Reinsurance News
RLI Corp
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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