RLI surety losses ceded to reinsurers as its book remains in the black
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RLI surety losses ceded to reinsurers as its book remains in the black

RLI logo with Craig Kliethermes .jpg

RLI’s reinsurers bore the brunt of an uptick in surety claims after a series of bankruptcies in the energy sector, as the specialty lines carrier’s reinsurance recoveries rose 22.8% in Q2 to $545mn.

RLI president and chief operating officer Craig Kliethermes said that the surety book, which accounted for $30mn in premiums during the quarter, had a “big part” to play in the rise in reinsurance recoveries.

“In

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