This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RLI Appoints Michael Stone And David Duclos To Board Of Directors

RLI Corp. (NYSE: RLI) – RLI Corp. announced today that RLI Insurance Company President & Chief Operating Officer Michael J. Stone and former Chief Executive of XL Group plc Insurance Operations David B. Duclos have been appointed to its board of directors. Their appointment increases the number of RLI board members to 11, effective August 16, 2012. Stone and Duclos have been appointed for terms expiring at RLI’s next annual shareholders’ meeting in May 2013, at which time they will stand for re-election.

As RLI Insurance Company President & Chief Operating Officer, Stone is responsible for the insurance operations of RLI and its subsidiaries. He joined RLI from Travelers in 1996 as Vice President, Claim. Stone was promoted to Executive Vice President in 1998 and was appointed to his current position in 2002. He holds a bachelor’s degree from Bellarmine College and a J.D., magna cum laude, from the University of Louisville.

Duclos is a retired Chief Executive of XL Group plc Insurance Operations, and currently serves as a consultant for XL Group plc. He has more than 32 years of insurance industry experience, and has held leadership positions at XL Group plc, Kemper Insurance Company and CIGNA Corporation. He holds a bachelor’s degree from Eastern Illinois University and is a graduate of the Advanced Insurance Executive Education Program from the Wharton School at the University of Pennsylvania.

“Mike and David are successful leaders in the insurance industry,” said RLI Corp. Chairman & CEO Jonathan E. Michael. “They each bring unique expertise and a wealth of industry knowledge that will complement the strength of RLI’s existing board of directors. As we grow our business, their leadership and guidance will enable us to continue delivering value to our shareholders.”

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 office locations across the country. RLI’s insurance subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company, RLI Indemnity Company and Contractors Bonding and Insurance Company – are rated A+ “Superior” by A.M. Best Company.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs