RLI
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Excess rates continue to rise after several carriers early last year pulled back from the class. -
The specialty carrier has escaped the worst of this year’s cat season relatively unscathed.
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The result was driven by improvements in underwriting, investment returns and favourable development.
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It’s clear that pricing is improving. But how widespread is the pain that’s driving it? (It’s not just AIG & Lloyd’s).
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Excess and surplus casualty submission are up 5 percent year on year, COO Craig Kliethermes said.
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The specialty insurer reported increased operating earnings that beat expectations but showed unprofitable accident year underwriting.
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Commentary from RLI suggests an E&S market that is bifurcated between distressed pockets and more stable segments.
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Commercial auto is still a market in turmoil, RLI president and COO Craig Kliethermes said.
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