PEORIA, Ill., July 17 /PRNewswire-FirstCall/ -- RLI Corp. -- RLI announces the creation of RLI Reinsurance (RLI Re). Located in Stamford, Conn., this new division is led by Kevin Brawley, a 25-year veteran in the reinsurance market. RLI Re will be responsible for underwriting property facultative reinsurance for insurance companies utilizing reinsurance intermediaries. An operational start date will soon be announced.
RLI Insurance Company President & COO, Michael Stone, explained, "Kevin's team will operate with a focus on providing the highest level of customer service, creativity and extensive problem solving experience -- the fundamental components of providing truly innovative risk transfer solutions." Brawley, president of RLI Re, added, "RLI's underwriting profit-focused business model provides an excellent platform of smart underwriting and niche industry expertise in which to begin a reinsurance operation. Because the talented people here at RLI have been in the individual risk niche mindset as long as RLI has been in business, this creates a natural environment for facultative reinsurance to thrive. I am confident and enthusiastic about being a part of RLI's proven ownership culture."
RLI, a specialty insurance company, offers a diversified portfolio of property and casualty coverages and surety bonds serving "niche" or underserved markets. RLI operates in all 50 states from 25 office locations. The company's talented associates have delivered underwriting profits in 26 of the last 30 years, including the last 11. RLI's insurance subsidiaries -- RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company -- are rated A+ "Superior" by A.M. Best Company and A+ "Strong" by Standard & Poor's.
For additional information, contact RLI Treasurer John Robison at (309) 693-5846 or john_robison@rlicorp.com. Inquiries may also be directed to RLI Reinsurance President Kevin Brawley, at (203) 359-5643 or kevin_brawley@rlicorp.com. More information is available on our website at http://www.rlicorp.com/.
RLI Corp.
CONTACT: John Robison of RLI Corp., +1-309-693-5846,
John_robison@rlicorp.com
Web site: http://www.rlicorp.com/
