RLI

RLI Announces Appointment of New CEO and COO

Retrieved on: 
Wednesday, November 10, 2021

RLI Corp. (NYSE: RLI) RLI Corp. announced today that the RLI Board of Directors has appointed Craig W. Kliethermes as President and Chief Executive Officer (CEO) and Jennifer L. Klobnak as Chief Operating Officer (COO), effective January 1, 2022.

Key Points: 
  • RLI Corp. (NYSE: RLI) RLI Corp. announced today that the RLI Board of Directors has appointed Craig W. Kliethermes as President and Chief Executive Officer (CEO) and Jennifer L. Klobnak as Chief Operating Officer (COO), effective January 1, 2022.
  • These leadership changes will coincide with the planned retirement of current company Chairman & CEO Jonathan E. Michael at the end of 2021.
  • Prior to joining RLI, he served in various actuarial and leadership roles with Lockton Companies, GE Insurance/Employers Reinsurance and John Deere Insurance Company.
  • RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets.

RLI Declares Regular & Special Dividends

Retrieved on: 
Wednesday, November 10, 2021

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 $90 million, and a regular quarterly cash dividend of $0.25 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 $90 million, and a regular quarterly cash dividend of $0.25 per share.
  • Including todays announced dividends, RLI has returned more than $1.1 billion to shareholders over the last ten years.
  • RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets.
  • RLI has paid and increased regular dividends for 46 consecutive years and delivered underwriting profits for 25 consecutive years.

LG Energy Solution joins Responsible Business Alliance to strengthen ESG management

Retrieved on: 
Thursday, November 4, 2021

By entering the coalition, LG Energy Solution is committed to ensuring its supply chain in a sustainable and ethical manner.

Key Points: 
  • By entering the coalition, LG Energy Solution is committed to ensuring its supply chain in a sustainable and ethical manner.
  • LG Energy Solution has long been prioritizing green values in the entire process of manufacturing, including the procurement of mineral resources.
  • In addition to joining RBA membership, LG Energy Solution is devoting company-wide effort to reinforce its ESG performance.
  • LG Energy Solution is a global leader delivering advanced lithium-ion batteries for Electric Vehicles (EV), Mobility & IT applications, and Energy Storage Systems (ESS).

LG Energy Solution joins Responsible Business Alliance to strengthen ESG management

Retrieved on: 
Thursday, November 4, 2021

By entering the coalition, LG Energy Solution is committed to ensuring its supply chain in a sustainable and ethical manner.

Key Points: 
  • By entering the coalition, LG Energy Solution is committed to ensuring its supply chain in a sustainable and ethical manner.
  • LG Energy Solution has long been prioritizing green values in the entire process of manufacturing, including the procurement of mineral resources.
  • In addition to joining RBA membership, LG Energy Solution is devoting company-wide effort to reinforce its ESG performance.
  • LG Energy Solution is a global leader delivering advanced lithium-ion batteries for Electric Vehicles (EV), Mobility & IT applications, and Energy Storage Systems (ESS).

James River Announces Director Elections and Appointment

Retrieved on: 
Tuesday, October 26, 2021

PEMBROKE, Bermuda, Oct. 26, 2021 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (James River or the "Company") (NASDAQ: JRVR) today announced that Patricia H. Roberts and Thomas L. Brown have been elected to its Board of Directors (the Board), and the additional appointment of Kirstin M. Gould to the Board.

Key Points: 
  • PEMBROKE, Bermuda, Oct. 26, 2021 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (James River or the "Company") (NASDAQ: JRVR) today announced that Patricia H. Roberts and Thomas L. Brown have been elected to its Board of Directors (the Board), and the additional appointment of Kirstin M. Gould to the Board.
  • We are very pleased to welcome Tom and Kirstin to our board, said J. Adam Abram, James River Non-Executive Chairman.
  • About James River Group Holdings, Ltd.
    James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies.
  • Visit James River Group Holdings, Ltd. on the web at www.jrgh.net.

RLI Announces Third Quarter Earnings Release & Teleconference; Estimates Third Quarter Catastrophe Losses

Retrieved on: 
Wednesday, October 6, 2021

RLI Corp. (NYSE: RLI) RLI Corp. announced today that it will release its third quarter 2021 earnings after market close on Wednesday, October 20, 2021.

Key Points: 
  • RLI Corp. (NYSE: RLI) RLI Corp. announced today that it will release its third quarter 2021 earnings after market close on Wednesday, October 20, 2021.
  • RLI also announced today an estimated range of pretax catastrophe losses of $30 million to $35 million, net of reinsurance, in the third quarter of 2021.
  • These estimates include losses from Hurricane Ida and other catastrophes that occurred during the quarter.
  • RLIs loss estimates are subject to change due to the complexity of the claims and preliminary nature of the information available to prepare the estimates.

U.S. Polo Assn. Wins Prestigious Global Retailer of the Year Award at the 16th Annual Retail & Leisure International (RLI) Awards in London

Retrieved on: 
Thursday, September 30, 2021

, the official brand of the United States Polo Association (USPA), has wonGlobal Retailer of the Year at the prestigious 2021 Global Retail & Leisure International (RLI) Awards.

Key Points: 
  • , the official brand of the United States Polo Association (USPA), has wonGlobal Retailer of the Year at the prestigious 2021 Global Retail & Leisure International (RLI) Awards.
  • "On behalf of our global team, and our licensing and retail partners around the world, we are honored that U.S. Polo Assn.
  • was selected by our peers, among other leading retailers, as Retail & Leisure's Global Retailer of the Year," said Prince.
  • won two Highly Commended Honors for Global Retailer of the Year and Emerging Market Retailer at the Global RLI Awards in 2020.

Harbert Discovery Fund Issues Letter to Chairman of the Board of Directors, Global Indemnity Group, LLC

Retrieved on: 
Thursday, August 12, 2021

Shareholders expect much greater transparency into the business, in addition to a more shareholder friendly capital allocation strategy.

Key Points: 
  • Shareholders expect much greater transparency into the business, in addition to a more shareholder friendly capital allocation strategy.
  • Following are a list of questions that we expect you, management, and the Board to address at the upcoming Investor Day.
  • Why is GBLI underperforming to such a significant degree during the best environment for the industry in years?
  • Kenan Lucas, Managing Director and Portfolio Manager of Harbert Discovery Fund GP, LLC
    THIS STATEMENT CONTAINS OUR CURRENT VIEWS ON THE VALUE OF SECURITIES OF GLOBAL INDEMNITY GROUP, LLC (GBLI).

DGAP-News: DIC Asset AG: Fast growth during first half of 2021. Excellent full-year outlook

Retrieved on: 
Wednesday, August 11, 2021

DIC Asset AG: Fast growth during first half of 2021.

Key Points: 
  • DIC Asset AG: Fast growth during first half of 2021.
  • DIC Asset AG: Fast growth during first half of 2021.
  • DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, published its half-year results for 2021 today.
  • That is exactly what the term 'dynamic performance' means for us," said Sonja Wrntges, CEO of DIC Asset AG.

RLI Declares Regular Dividend

Retrieved on: 
Thursday, July 29, 2021

RLI Corp. (NYSE: RLI) RLI Corp. announced today its Board of Directors has declared a third quarter regular cash dividend of $0.25 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 $0.25 per share, unchanged from the prior quarter.
  • The companys dividend yield would be 0.93% based on the $1.00 indicated annual dividend and yesterdays closing stock price of $107.27.
  • RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets.
  • RLI has paid and increased regular dividends for 46 consecutive years and delivered underwriting profits for 25 consecutive years.