AM Best Affirms A+ (Superior) Rating for RLI Corp., RLI Insurance Co., Mt. Hawley Insurance Co. and Contractors Bonding and Insurance Co.
11 Gennaio 2024 - 10:44PM
Business Wire
RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that its A+
(Superior) financial strength rating (FSR) has been affirmed by AM
Best Company for the following insurance subsidiaries: RLI
Insurance Company, Mt. Hawley Insurance Company and Contractors
Bonding and Insurance Company (CBIC).
AM Best also affirmed the Long-Term Issuer Credit Ratings (ICR)
for each RLI company. The RLI Corp. ICR of “a” (Excellent) was
affirmed and the ICRs of “aa” (Superior) have been affirmed for the
following subsidiaries: RLI Insurance Company, Mt. Hawley Insurance
Company and CBIC.
AM Best, a global credit rating agency, news publisher and data
analytics provider specializing in the insurance industry, stated
in its press release that the ratings “reflect RLI’s balance sheet
strength, which AM Best assesses as strongest, as well as its
strong operating performance, favorable business profile and very
strong enterprise risk management.”
ABOUT RLI
RLI Corp. (NYSE: RLI) is a specialty insurer serving niche
property, casualty and surety markets. The company provides deep
underwriting expertise and superior service to commercial and
personal lines customers nationwide. RLI’s products are offered
through its insurance subsidiaries RLI Insurance Company, Mt.
Hawley Insurance Company and Contractors Bonding and Insurance
Company. All of RLI’s subsidiaries are rated A+ “Superior” by AM
Best Company. RLI has paid and increased regular dividends for 48
consecutive years and delivered underwriting profits for 26
consecutive years. To learn more about RLI, visit
www.rlicorp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240111178548/en/
Aaron Diefenthaler Chief Investment Officer & Treasurer
309-693-5846 Aaron.Diefenthaler@rlicorp.com
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