Latest RLI Headlines
All the headlines from our RLI Topic Page, ordered by recency.
RLI Promotes Singh to Chief Information Officer
Jan 9 2004 // Peoria, Ill.-based RLI Corp. has promoted Piyush K. Singh to chief information officer. RLI President and CEO Jonathan E. Michael said that Singh has played a significant role in leading the growth of RLI’s...
RLI Expects Few Losses from San Simeon Quake
Dec 24 2003 // Peoria, Ill.-based RLI Corp. reported that it expects minimal losses from the Dec. 22 earthquake along the central California coast. RLI specializes in the writing of earthquake coverages, but has limited commercial...
A.M. Best Assigns Debt Rating to RLI Corp.’s Senior Notes
Dec 10 2003 // A.M. Best Co. has assigned a senior debt rating of “bbb+” to RLI Corp.’s proposed issuance of $100 million of 5.95% 10 year senior unsecured notes due 2014. The outlook for the rating is positive. RLI is...
RLI Announces $100 Million Notes Offering
Dec 9 2003 // Peoria, Ill.-based insurer RLI Corp. will issue $100 million of senior notes due 2014. The net proceeds of the offering will be used to provide additional capital for its insurance subsidiaries and for general corporate...
RLI Q3 Numbers Lead to New Earnings Records
Oct 24 2003 // Illinois-based RLI Corp. reported third quarter net earnings of $25.4 million ($0.98 per diluted share) were 250 percent better per share than the $5.6 million ($0.28 per diluted share) reported for the same period last...
RLI Earnings 22% Higher Than Year Earlier
Jul 17 2003 // Peoria, Ill.-based RLI Corp. posted quarterly net earnings of $15.4 million (60 cents per diluted share), a 22 percent per-share improvement over the $10.0 million (49 cents per diluted share) posted in the second quarter...
RLI Names Internal Auditing and Compliance VP
May 15 2003 // Jacobson Executive Search has placed Robert McNichols as the vice president of internal auditing and compliance at RLI of Peoria, Ill. This announcement brings an end to the nationwide search undertaken jointly by the...
RLI Begins Year With 59% Earnings Increase
Apr 18 2003 // Peoria, Ill.-based RLI Corp. reported quarterly net earnings of $14.4 million (56 cents per diluted share), a 59 percent gain over the $9.1 million (45 cents per diluted share) posted in the same quarter last year. This...
RLI Reports 9 Cent-Per-Share Dividend
Mar 12 2003 // Peoria, Ill.-based RLI Corp. has declared a first quarter cash dividend of 9 cents per share for shareholders of record as of March 31, 2003, payable April 15, 2003. This will be the company’s 107th consecutive paid...
RLI Completes Closing of Equity Offering
Jan 10 2003 // Peoria-based RLI Corp. announced that it has completed its offering of 5,220,000 common shares, raising $125.2 million in net proceeds. “The number of shares sold includes the 4.8 million shares in the original...
RLI Corp. Completes Stock Offering
Dec 30 2002 // Friedman, Billings, Ramsey Group, Inc. reports that its subsidiary, Friedman, Billings, Ramsey & Co., Inc., serving as lead underwriter and bookrunner, has closed a $121.2 million follow-on offering for RLI Corp., a...
RLI Corp. Implements Duck Creek’s Example Platform Product Suite
Nov 7 2002 // Missouri-based Duck Creek Technologies, Inc., a provider of product management software and services to the insurance industry, announced that RLI Corp. of Peoria, Ill. has implemented its “Example Platform Product...
RLI Splits Stock, Increases Dividend
Sep 3 2002 // The RLI Corp. board of directors announced a two-for-one stock split during its regularly scheduled August meeting. The split is for shareholders of record as of Sept. 30, 2002, and will be payable Oct. 15, 2002. The split...
RLI Tallies Another Record Quarter
Jul 17 2002 // Illinois-based RLI Corp.’s second quarter results generated net earnings of $10.0 million ($.97 per diluted share), compared with $8.2 million ($.82 per diluted share) from the same quarter in 2001. This result...
RLI Declares Dividend Increase
May 6 2002 // The board of directors of Peoria, Ill.-based property/casualty insurance holding company, RLI Corp., recently declared a cash dividend of $.17 per share for shareholders of record as of June 28, 2002, payable July 15. The...
RLI Makes Two Promotions
Dec 21 2001 // Illinois-based RLI Corp. promoted Michael J. Stone to president and chief operating officer of RLI’s two primary operating subsidiaries, RLI Insurance Company and Mt. Hawley Insurance Company. RLI also promoted...
One Man’s Escape from the Destruction of the World Trade Center: RLI V.P. Orza gives his firs-hand a
Dec 10 2001 // Although RLI lost its branch office in the World Trade Center as a result of the Sept. 11 terrorist attacks, the company was fortunate to have all its New York branch employees escape safely. And while the Executive...
RLI Expects Limited Losses, Is Fully Operational
Sep 13 2001 // RLI Corp. executives said that the company does not expect a significant number of insurance claims from Tuesday’s attacks in New York City and Washington, D.C. The company has a limited number of risks in these...
RLI Corp. World Trade Center Office Closed
Sep 11 2001 // RLI Corp.’s New York City office, housed in the North Tower of the World Trade Center, has closed due to this morning’s damage to that building. All RLI personnel operating from that office have been accounted...
RLI Named to ‘Ward’s 50’ for 11th Consecutive Year
Aug 31 2001 // Peoria, Ill.-based RLI Corp. was named to the “Ward’s 50,” a benchmark group of the industry’s top performing insurance companies. The analysis recognizes companies that have excelled at balancing...
