RLI
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The Insurance Insider US news team runs you through the earnings results for the day. -
Competition, particularly from MGAs, is expected to accelerate in 2024.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Michael served as RLI CEO for around 20 years until he stepped down from the specialty insurer in 2021.
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Brodeur will have executive leadership and oversight responsibility for RLI’s pricing, reserving, risk management, reinsurance and due diligence functions.
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The event cost the carrier $66mn, including $14mn related to reinstatement premiums on its catastrophe treaties.
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On the company’s Q3 earnings call, COO Jennifer Klobnak said the E&S property division grew 39%, including via a 42% rate increase.
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The Inside P&C news team runs you through the earnings results for the day.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The estimate is based on the impact to approximately 200 structures where RLI provided primarily homeowners’ insurance.
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Flows to the E&S market remain strong, executives have said, while dislocation in the property space continues to buoy overall pricing conditions.
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The January decision affected the company’s ability to offer primary-only policies and it subsequently did not believe the business model was viable long term.
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