A.M. Best Affirms A+ (Superior) Rating for RLI Corp., RLI Insurance Co., Mt. Hawley Insurance Co. and Contractors Bonding and Insurance Co.
PEORIA, Ill.--(BUSINESS WIRE)--Oct 25, 2018--RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that its A+ (Superior) financial strength rating (FSR) has been affirmed by A.M. Best Company for the following insurance subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company (CBIC).
A.M. Best also affirmed the issuer credit rating (ICR) for each RLI company. The RLI Corp. ICR of “a” was affirmed and the ICRs of “aa” have been affirmed for the following subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company and CBIC.
A.M. Best Company, the world’s oldest and most authoritative insurance rating and information source, stated in its press release that the ratings “reflect RLI’s balance sheet strength, which A.M. Best categorizes as strongest, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.”
RLI Corp. (NYSE: RLI) is a specialty insurer serving diverse, 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 A.M. Best Company. RLI has paid and increased regular dividends for 43 consecutive years and delivered underwriting profits for 22 consecutive years. To learn more about RLI, visit www.rlicorp.com.
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CONTACT: RLI Corp.
Vice President, Corporate Development
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE
SOURCE: RLI Corp.
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PUB: 10/25/2018 06:04 PM/DISC: 10/25/2018 06:04 PM