Property and casualty insurer RLI Corp. has named Jonathan Michael as president and chief executive of the company, effective Jan. 1. Michael succeeds Gerald Stephens, RLI founder, who was named chairman of the board.
Meanwhile, the RLI board also declared a cash dividend of $.15 per share payable January 12, 2001, to the company’s shareholders of record as of December 29, 2000. This is the 98th consecutive dividend to be paid by RLI since cash dividends began in 1976, and will bring the cumulative return to shareholders to more than $60 million.
Was this article valuable?
Here are more articles you may enjoy.
Former Trident Reciprocal CEO Ordered to Pay $468K in Attorney and Arbitrator Fees 
Storm Austen Will Be Stronger Than Forecast Along UK Coasts 
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses 
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes 
