RLI

RLI Declares Regular & Special Dividends

Retrieved on: 
Thursday, November 10, 2022
Insurance, Professional Services, Partnership, RLI Corp., Contractors Bonding v Snee, Insurance, RLI, Board of directors, Sale, NYSE, Board, Holding company

RLI Corp. (NYSE: RLI) RLI Corp. announced today its Board of Directors has declared a special cash dividend of $7.00 per share of common stock, which is expected to total approximately $320 million, and a regular quarterly cash dividend of $0.26 per share.

Key Points: 
  • RLI Corp. (NYSE: RLI) RLI Corp. announced today its Board of Directors has declared a special cash dividend of $7.00 per share of common stock, which is expected to total approximately $320 million, and a regular quarterly cash dividend of $0.26 per share.
  • At the end of September, we completed the sale of RLIs minority ownership interest in Maui Jim, said RLI Corp. President & CEO Craig W. Kliethermes.
  • RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets.
  • RLI has paid and increased regular dividends for 47 consecutive years and delivered underwriting profits for 26 consecutive years.

Paul B. Medini Appointed to RLI Board of Directors

Retrieved on: 
Tuesday, November 1, 2022
Insurance, Professional Services, Chubb Limited, Retirement, Board of directors, Contractors Bonding v Snee, Board, Insurance, NYSE, PricewaterhouseCoopers, RLI Corp., Accounting, Pace University, Chubb, RLI, Senior, Management

RLI Corp. (NYSE: RLI) RLI Corp. announced today that Paul B. Medini has been appointed to its Board of Directors.

Key Points: 
  • RLI Corp. (NYSE: RLI) RLI Corp. announced today that Paul B. Medini has been appointed to its Board of Directors.
  • Mr. Medini was most recently Senior Vice President and Chief Accounting Officer at Chubb Ltd. until his retirement in August 2020.
  • We are pleased to welcome Paul to our Board of Directors, said RLI Corp. Chairman Jonathan E. Michael.
  • RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets.

Arqit partners with Nine23 to provide secure cloud services on G-Cloud 13 for UK Government

Retrieved on: 
Tuesday, October 25, 2022
Cloud, Quantum, U.S. Securities and Exchange Commission, Time, Critical infrastructure, Communication, Risk, SEC, Government, National, PSN, Contract, PNN, Annual report, Nasdaq, Partnership, Technology, Private Securities Litigation Reform Act, Software, PKI, RLI, CEO, Form, Innovation, GLOBE, Forward-looking statement, Enterprise, HSCN, Solution, Platform, Cryptocurrency, Security (finance), Risk management

Nine23s proprietary Platform FLEX provides a multi-private cloud environment with direct network gateway connectivity to all UK government networks including the PSN, PNN, RLI, HSCN and others.

Key Points: 
  • Nine23s proprietary Platform FLEX provides a multi-private cloud environment with direct network gateway connectivity to all UK government networks including the PSN, PNN, RLI, HSCN and others.
  • The services will be available on the new G-Cloud 13 framework via the Digital Marketplace.
  • G-Cloud 13, provides hosting and software services, together with associated support services to UK government departments, other public sector bodies, and Enterprise customers supporting Critical National Infrastructure.
  • Commenting, David Williams, Arqit Founder, Chairman and CEO, said "We are pleased to work with Nine23 to deliver our product to classified UK government projects.

RLI Announces Hurricane Ian Loss Estimates

Retrieved on: 
Friday, October 14, 2022
Insurance, Professional Services, News, Insurance, Securities Act of 1933, SEC, NYSE, Annual report, CDT, Q4, RLI, Securities Exchange Act of 1934, Contractors Bonding v Snee, RLI Corp., Risk

RLI Corp. (NYSE: RLI) RLI Corp. (RLI) announced today an estimated range of pretax catastrophe losses from Hurricane Ian of $38.0 million to $42.0 million, to be reflected in the third quarter of 2022.

Key Points: 
  • RLI Corp. (NYSE: RLI) RLI Corp. (RLI) announced today an estimated range of pretax catastrophe losses from Hurricane Ian of $38.0 million to $42.0 million, to be reflected in the third quarter of 2022.
  • RLI Corp. will release its third quarter 2022 earnings after market close on Wednesday, October 19, 2022.
  • RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets.
  • RLI has paid and increased regular dividends for 47 consecutive years and delivered underwriting profits for 26 consecutive years.

RLI Third Quarter Earnings Release & Teleconference

Retrieved on: 
Friday, October 7, 2022
Insurance, Professional Services, NYSE, Insurance, CDT, Contractors Bonding v Snee, RLI Corp., RLI, Q4

RLI Corp. (NYSE: RLI) RLI Corp. announced today that it will release its third quarter 2022 earnings after market close on Wednesday, October 19, 2022.

Key Points: 
  • RLI Corp. (NYSE: RLI) RLI Corp. announced today that it will release its third quarter 2022 earnings after market close on Wednesday, October 19, 2022.
  • The company will hold its quarterly conference call to discuss third quarter results on Thursday, October 20, 2022 at 10 a.m. CDT.
  • RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets.
  • RLIs products are offered through its insurance subsidiaries RLI Insurance Company, Mt.

RLI Announces Completion of Sale of Minority Ownership Interest in Maui Jim, Inc.

Retrieved on: 
Monday, October 3, 2022
Luxury, Retail, Professional Services, Specialty, Insurance, Securities Exchange Act of 1934, News, RLI Corp., SEC, Insurance, Securities Act of 1933, Form, RLI, Annual report, Risk, NYSE, Sale, Contractors Bonding v Snee, Security (finance), Maui Jim

RLI Corp. (NYSE: RLI) RLI Corp. (RLI) announced today that it has completed the previously announced sale of its minority interest in Maui Jim, Inc. (Maui Jim) to Kering Eyewear, an affiliate of Kering S.A., a French-based multinational corporation specializing in luxury goods.

Key Points: 
  • RLI Corp. (NYSE: RLI) RLI Corp. (RLI) announced today that it has completed the previously announced sale of its minority interest in Maui Jim, Inc. (Maui Jim) to Kering Eyewear, an affiliate of Kering S.A., a French-based multinational corporation specializing in luxury goods.
  • The purchase price payable to RLI in exchange for the Maui Jim shares owned by RLI remains subject to customary post-closing working capital and other adjustments.
  • RLI has held an equity ownership interest in Maui Jim since 1996, when RLI Vision Corp., our legacy ophthalmic services subsidiary merged with Hester Enterprises, Inc.
  • The resulting organization began operating under the name Maui Jim, said RLI Corp. President & CEO Craig W. Kliethermes.

LandGate Launches PowerCapital, the Renewable Energy Solution for Capital Markets

Retrieved on: 
Wednesday, September 14, 2022
Technology, Finance, Other Energy, Professional Services, Alternative Energy, Software, Energy, Data Analytics, Data Management, TB, Weather, Carbon, Griffin PowerMate, ESG, Database, Landgate, Growth, Inflation, CRM, American Association, Industry, LMP, Mineral, Power Marketing Administration, PPA, Wind, Technology, Moses Austin, Solution, NextEra Energy, Insurance, Collection, MLS, Research, Water, Association, RLI, Multimedia, University, AAPL, Software as a service, Re Recher's Will Trusts, Farm, American Association of Professional Landmen, Stanford University School of Earth, Energy & Environmental Sciences, Renewable energy, Incentive

View the full release here: https://www.businesswire.com/news/home/20220914005307/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220914005307/en/
    LandGates PowerM&A solution consolidates capital markets historically fragmented or unobtainable data deals into a renewable energy M&A deals platform.
  • It includes (1) the most complete list of active renewable energy M&A deals, and (2) the largest database of closed M&A deals.
  • LandGates PowerCapital Solutions also includes PowerNAV, which offers the investment industry a suite of renewable energys customizable indices, ESG monitoring and benchmarks for all renewable energy operators in the US.
  • But a comprehensive analysis of an energy project, electricity prices, or renewable energy operators stock can take several months of man hours to compile, said LandGate CEO Yoann Hispa.

RLI Surety Partners With Notary Hub by Everything Legal to Provide Remote Online Notary Solutions

Retrieved on: 
Monday, September 12, 2022
Fintech, Legal, Professional Services, Insurance, Online, NYSE, RON, Contractors Bonding v Snee, Partnership, RLI Corp., Insurance, RLI, Financial services

RLI Corp. (NYSE: RLI) -- RLI Surety, a division of RLI Insurance Company, announced today an exclusive partnership with Notary Hub by Everything Legal.

Key Points: 
  • RLI Corp. (NYSE: RLI) -- RLI Surety, a division of RLI Insurance Company, announced today an exclusive partnership with Notary Hub by Everything Legal.
  • Through this partnership, RLI Surety agents and brokers who are authorized to offer notary bonds will be able to offer Notary Hubs full-service Remote Online Notary (RON) platform to their notary customers.
  • Now more than ever, people are looking for ways to complete personal and business legal transactions online, including notary signatures, said Bart Davis, Vice President, RLI Surety.
  • States are approving Remote Online Notary at a rapid pace and there is an emerging gap in the market for RON enabled end-to-end online solutions.

RLI Declares Regular Dividend

Retrieved on: 
Wednesday, August 17, 2022
Insurance, Professional Services, Board of directors, RLI Corp., Board, Insurance, RLI, Contractors Bonding v Snee, NYSE, Holding company

RLI Corp. (NYSE: RLI) RLI Corp. announced today its Board of Directors has declared a third quarter regular cash dividend of $0.26 per share, unchanged from the prior quarter.

Key Points: 
  • RLI Corp. (NYSE: RLI) RLI Corp. announced today its Board of Directors has declared a third quarter regular cash dividend of $0.26 per share, unchanged from the prior quarter.
  • The companys dividend yield would be 0.88% based on the $1.04 indicated annual dividend and yesterdays closing stock price of $117.77.
  • RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets.
  • RLI has paid and increased regular dividends for 47 consecutive years and delivered underwriting profits for 26 consecutive years.

RLI Named to Ward’s 50® Top Performing Insurance Companies List For 32nd Consecutive Year

Retrieved on: 
Monday, July 11, 2022
Insurance, Professional Services, Safety, RLI, Insurance, Ward, Industry, Contractors Bonding v Snee, NYSE, Benchmarking, RLI Corp.

RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that RLI Insurance Company has been named to Wards 50 top-performing insurance companies list for the 32nd consecutive year.

Key Points: 
  • RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that RLI Insurance Company has been named to Wards 50 top-performing insurance companies list for the 32nd consecutive year.
  • RLI is one of only two companies that has been named to the list since its inception in 1991.
  • We are honored to be recognized by Wards as a top-performing property and casualty carrier, said RLI Corp. President & CEO Craig Kliethermes.
  • The Ward's 50 top-performing insurance companies list recognizes property-casualty insurance companies domiciled in the United States that have passed all safety and consistency screens and achieved superior performance over a five-year period (2017-2021).