RLI Corp. (NYSE: RLI) – RLI Corp. announced today the A+ (Superior) financial strength rating (FSR) has been affirmed by A.M. Best for the following insurance subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company, RLI Indemnity Company and Contractors Bonding and Insurance Company (CBIC). A.M. Best, a leading rating agency for the insurance industry, noted CBIC’s inclusion as a member of the RLI Group rating recognizes the strategic importance of the company and its successful integration into the RLI Group.
A.M. Best also upgraded the issuer credit rating (ICR) for CBIC to “aa” from “aa-”. The RLI Corp. ICR of “a” has been affirmed and the ICRs of “aa” have been affirmed for the following subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company.
A.M. Best cited RLI’s ratings reflect its superior capitalization, sustained long-term operating profitability and excellent business profile as one of the leading specialty property/casualty insurers in the United States.
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.For additional information, contact Aaron Jacoby, Vice President, Corporate Development at 309-693-5880 or at email@example.com or visit our website at www.rlicorp.com.