RLI renews cat treaty with 45% risk-adjusted rate increase: COO Klobnak
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RLI renews cat treaty with 45% risk-adjusted rate increase: COO Klobnak

Jairo Ibarra
January 26, 2023
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RLI COO Jen Klobnak has said that the carrier renewed its cat treaty with a roughly 45% risk-adjusted rate rise, as well as an increase in first dollar retention from $25mn to $50mn.

During the carrier’s Q4 conference call, the executive added that RLI renewed its property per-risk treaty with an estimated 40% risk-adjusted rate increase, and that the first dollar retention went up to $2mn.

Management

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Jairo Ibarra
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