RLI CFO Brown to retireRLI has announced the retirement of senior vice president and chief financial officer Thomas Brown on 1 July, to be replaced by Todd Bryant, vice president, finance and controller.
Mixed messages from bellwethers on US commercial pricingTravelers saw a strong increase in pricing momentum on its business insurance book, but specialty carrier RLI was more muted in its enthusiasm after “flat” E&S submissions and moderate rate hikes in the first quarter.
RLI shares expected to trade up after Q1 earnings beatSpecialty insurer RLI Corp has reported a solid earnings beat for the first quarter boosted by reserve releases.
RLI in strong earnings beat despite Q4 catsUS specialty carrier RLI Corp comfortably outpaced Wall Street forecasts with operating profits of $17.8mn, or $0.40 a share for the fourth quarter.
Reserve releases help RLI to top estimates despite volcano claimsUS specialty insurer RLI impressed financial analysts as it kicked off the second quarter reporting season with an expectation-beating profit after reserve releases offset claims from volcanic activity in Hawaii.
RLI backs $100mn US InsurTech fundUS specialty carrier RLI has become a cornerstone investor in an InsurTech fund that is aiming to raise $100mn by the end of the year, re-Insurance.com understands.
RLI surpasses expectations as tax gain bolsters earningsRLI reported fourth quarter earnings that outperformed the expectation of analysts and included a $32.8mn boost from changes to the tax code in the US.