QUOTE AND NEWS
Insurance Journal  1 hr ago  Comment 
Michael Stone, long-time president and chief operating officer of RLI Corp., is retiring at the end of 2015, ending 20-years of service at the Illinois-based specialty insurer. RLI said that Stone will continue to serve on the RLI board after...
SeekingAlpha  Jul 21  Comment 
Insurance Journal  Jun 24  Comment 
Peoria, Ill.-based specialty property/casualty insurer RLI Corp. has promoted two leaders within the claim department. Andrea Dean, assistant vice president, Claim counsel, has been promoted to vice president, Claim counsel. Dean will continue to...
Insurance Journal  Feb 5  Comment 
Specialty insurer, RLI Corp., based in Peoria, Ill., has promoted several leaders within the claim department. Don Driscoll, vice president, claim, has been promoted to vice president, chief claim officer. Driscoll will retain responsibility for...




 
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Founded in 1965, RLI Corporation (RLI) is a specialty property-casualty (P&C) underwriter that caters primarily to niche markets through its main operating subsidiary, RLI Insurance Company. Other subsidiaries include Mt. Hawley Insurance Company, Underwriters Indemnity Company, and Planet Indemnity Company. The company classifies its operations into four segments Casualty, Property, Surety, and Marine. General liability business and commercial and personal umbrella liability coverage are offered through the Casualty segment (which contributed 63.4% of the 2006 gross written premium of $799.0 million). The Property segment (which contributed 28.2% of the 2006 gross written premium) provides commercial property coverage, including excess and surplus (E&S) lines and specialty insurance. The Surety segment (which contributed 8.4% of the 2006 gross written premium) offers contract and commercial surety insurance. RLI recently added the fourth business unit RLI Marine, which will be dealing with cargo, hull, protection, and indemnity, primary and excess liabilities, yachts, and other marine coverage. RLI mostly covers markets in California, New York, Florida, and Texas. Premiums, investment income, and net realized investment gains accounted for 83.8%, 11.3%, and 4.9%, respectively of the $632.7 million in 2006 revenue. RLI carried a financial strength rating of A+ (Superior) from A.M. Best Company.





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