RLI

AM Best Affirms Credit Ratings of RLI Corp. and Its Subsidiaries

Retrieved on: 
Thursday, January 11, 2024
Professional Services, Data Analytics, Other Professional Services, Insurance, Finance, Consulting, RLI, RLI Corp., Credit, ALL, FSR, Superior, News, AM Best

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of the members of RLI Group (RLI).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of the members of RLI Group (RLI).
  • In addition, AM Best has affirmed the Long-Term ICR of “a” (Excellent) of RLI’s publicly traded parent holding company, RLI Corp. [NYSE: RLI].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms A+ (Superior) Rating for RLI Corp., RLI Insurance Co., Mt. Hawley Insurance Co. and Contractors Bonding and Insurance Co.

Retrieved on: 
Thursday, January 11, 2024
Insurance, Professional Services, RLI, RLI Corp., ICRS, FSR, ICR, Credit, Superior, CBIC, Data, News

RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that its A+ (Superior) financial strength rating (FSR) has been affirmed by AM Best Company for the following insurance subsidiaries: RLI Insurance Company, Mt.

Key Points: 
  • RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that its A+ (Superior) financial strength rating (FSR) has been affirmed by AM Best Company for the following insurance subsidiaries: RLI Insurance Company, Mt.
  • Hawley Insurance Company and Contractors Bonding and Insurance Company (CBIC).
  • AM Best also affirmed the Long-Term Issuer Credit Ratings (ICR) for each RLI company.
  • The RLI Corp. ICR of “a” (Excellent) was affirmed and the ICRs of “aa” (Superior) have been affirmed for the following subsidiaries: RLI Insurance Company, Mt.

RLI Named as One of the Best Places to Work in 2024, a Glassdoor Employees’ Choice Award Winner

Retrieved on: 
Wednesday, January 10, 2024
Professional Services, Insurance, Finance, RLI, RLI Corp., Glassdoor, Growth

RLI Corp. announced today that it has been honored with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2024.

Key Points: 
  • RLI Corp. announced today that it has been honored with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2024.
  • RLI is ranked 27th out of the top 100 large U.S. companies that received the award and is the only insurance company to be recognized.
  • “We’re honored to be recognized as a 2024 Glassdoor Best Place to Work,” said RLI Corp. President & CEO Craig Kliethermes.
  • To view the complete list of Glassdoor’s Best Places to Work in 2024 and learn more about how winners were determined, visit: gldr.co/BPTW .

RLI Fourth Quarter Earnings Release & Teleconference

Retrieved on: 
Thursday, January 4, 2024
Insurance, Professional Services, RLI Corp., CDT, RLI, Q4

RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its fourth quarter 2023 earnings after market close on Wednesday, January 24, 2024.

Key Points: 
  • RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its fourth quarter 2023 earnings after market close on Wednesday, January 24, 2024.
  • The company will hold its quarterly conference call to discuss fourth quarter results on Thursday, January 25, 2024 at 10 a.m. CDT.
  • This call is being webcast by Q4 and can be accessed at https://events.q4inc.com/attendee/112063672 .

RLI Announces Retirement of Jonathan Michael as Chairman of the Board; David Duclos to Serve as Independent Chairman Upon Michael’s Retirement

Retrieved on: 
Thursday, December 14, 2023
Insurance, Professional Services, NYSE, Culture, Annual general meeting, RLI, RLI Corp., Growth, Management

Michael, who retired as the Company’s Chief Executive Officer in 2021, has more than 40 years of service with RLI.

Key Points: 
  • Michael, who retired as the Company’s Chief Executive Officer in 2021, has more than 40 years of service with RLI.
  • The Board elected David B. Duclos to serve as Non-Executive Chairman upon Michael’s retirement from the Board at the conclusion of the 2024 Annual Meeting of Shareholders.
  • Duclos has served as a Director since 2017, and currently serves as the lead independent director.
  • “It has been a privilege to serve alongside RLI’s dedicated employee owners for the past 41 years,” said Michael.

Clark Kellogg Appointed to RLI Board of Directors

Retrieved on: 
Monday, November 13, 2023
Insurance, Professional Services, Indiana Pacers, NYSE, Sport, Audit, Compensation, 1982–83 Indiana Pacers season, Columbus Foundation, RLI, RLI Corp., Trustee, Chairperson, CBS Sports, Management

RLI Corp. (NYSE: RLI) – RLI Corp. announced today that Clark C. Kellogg has been appointed to its Board of Directors.

Key Points: 
  • RLI Corp. (NYSE: RLI) – RLI Corp. announced today that Clark C. Kellogg has been appointed to its Board of Directors.
  • Kellogg serves on the First Merchants Corporation Board of Directors, where he is a member of the Audit and Compensation and Human Resources Committees.
  • “We are pleased to welcome Clark to our Board of Directors,” said RLI Corp. Chairman Jonathan E. Michael.
  • “He brings public and private board experience, and a unique perspective on talent development to RLI.

American College of Lifestyle Medicine announces 2023 award winners for advancement of lifestyle medicine in health care

Retrieved on: 
Wednesday, November 15, 2023
Patient, MPA, Performance medicine, Quality of life, Loma Linda University, CHIP, Food, Special Recognition Award, Central Waqf Council, Veterans' affairs, RLI, Health, SEO, Molina Healthcare, Physician, Habit, All India Mahila Congress, Medicine, Interest, BCD, Exercise, AMVCA Trailblazer Award, Student, ACLM, Metropolitan, University, Government Performance Coalition, FACOG, American Journal, Lifestyle, Working Group, COI, FACN, Research, Department of Defence, Air force, LCSW, Cardiology, Military Health System, FACC, American College, MPH, Pritikin diet, DSW, Wool, Pharmaceutical industry, Nursing, Dietary supplement, Management, FAAP, MD

ST. LOUIS, Nov. 15, 2023 /PRNewswire-PRWeb/ -- 

Key Points: 
  • The American College of Lifestyle Medicine (ACLM) announced the 2023 recipients of its highest awards for the advancement of lifestyle medicine in health care at the organization's annual conference Oct. 29-Nov. 1 in Denver.
  • Among the awards presented were the Lifetime Achievement Award, the Trailblazer Award, the President's Award and the Special Recognition Awards.
  • "ACLM is delighted to honor the 2023 award winners for the dedication, expertise and passion they have contributed to the rapidly growing field of lifestyle medicine," ACLM President Beth Frates, MD, FACLM, DipABLM, said.
  • The 2023 Trailblazer Award recipient is James Rippe, MD, founder and director of Rippe Lifestyle Medicine, a professor of medicine at the University of Massachusetts Chan Medical School and founder and editor-in-chief of the American Journal of Lifestyle Medicine.

RLI Declares Regular & Special Dividends

Retrieved on: 
Wednesday, November 8, 2023
Insurance, Professional Services, RLI, NYSE, RLI Corp., Holding company, Financial services, Security (finance)

RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $2.00 per share of common stock, which is expected to total approximately $91 million, and a regular quarterly cash dividend of $0.27 per share.

Key Points: 
  • RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $2.00 per share of common stock, which is expected to total approximately $91 million, and a regular quarterly cash dividend of $0.27 per share.
  • Both dividends are payable on December 20, 2023, to shareholders of record as of November 30, 2023.
  • “RLI’s ability to return $91 million to shareholders amid a year of unprecedented catastrophe activity and while retiring $150 million in senior debt is a testament to the strength of our business model,” said RLI Corp. President & CEO Craig Kliethermes.
  • “Our underwriting consistency, diversified product portfolio and strong capital management have allowed us to help customers recover from unexpected events, while delivering positive results and value to our shareholders.”

Skyward Specialty Adds Seven in Strategic Move to Reach New Surety Markets

Retrieved on: 
Wednesday, November 1, 2023
Fairfax Financial, P&C, RLI, Crum, Nationwide, TM, Merchant, Liberty Mutual, PLC, AON, Insurance, Surety

HOUSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") a leader in the specialty property and casualty (P&C) market, announced additional expansion in its surety division, marked by the strategic recruitment of the industry’s top Surety talent.

Key Points: 
  • HOUSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") a leader in the specialty property and casualty (P&C) market, announced additional expansion in its surety division, marked by the strategic recruitment of the industry’s top Surety talent.
  • Skyward Specialty welcomed Scott Bailey as vice president of Field Operations for Contract Surety.
  • He began his career at Travelers Bond and Specialty Insurance and held expanded leadership roles at Merchants Bonding Company, Frankenmuth Surety and United Fire & Casualty.
  • "The exceptional team we're building and their dedication to providing superior service and solutions have made us a leading Surety."

RLI Names Phil Brodeur as Vice President, Risk Services

Retrieved on: 
Wednesday, November 1, 2023
Insurance, Professional Services, RLI, Brodeur, Bradley University, Risk management, NYSE, Partnership, Assistant, Casualty, RLI Corp.

RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that Phil Brodeur has been promoted to Vice President, Risk Services.

Key Points: 
  • RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that Phil Brodeur has been promoted to Vice President, Risk Services.
  • In his new role, Brodeur will have executive leadership and oversight responsibility for RLI’s pricing, reserving, risk management, reinsurance and due diligence functions.
  • He replaces Chris Randall, who will be retiring in February 2024, after 22 years of dedicated service to RLI.
  • Brodeur joined RLI in 2007 as an intern and served in various actuarial roles with increasing responsibility before being promoted to Assistant Vice President, Risk Services in 2016.