RLI Corp. (NYSE:RLI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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RLI Corp. (NYSE:RLI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

RLI Corp. (NYSE:RLI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Resignation of Director

On June 10, 2019,  James J. Scanlan resigned from the Board of Directors of RLI Corp. (“RLI”) for personal reasons.  Mr. Scanlan was a member of the Executive Resources Committee and Audit Committee Chair. Mr. Scanlan’s departure is not based upon any disagreement with RLI on any matter relating to the respective operations, policies, or practices of RLI.

New Audit Committee Chair

Also on June 10, 2019, the Board of Directors of RLI appointed Mr. Michael E. Angelina, a current director and member of the Audit Committee as Mr. Scanlan’s successor as Chair of the Audit Committee.  Mr. Angelina has significant insurance industry experience including an extensive background in risk management. He has served as a member of the Audit Committee since May 2014. 

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About RLI Corp. (NYSE:RLI)

RLI Corp. is a specialty insurance company. The Company operates through three segments: Casualty, Property and Surety. The Casualty segment consists of general liability, personal umbrella, transportation, executive products and commercial umbrella coverages, as well as package business and other specialty coverages. The property segment comprise primarily of commercial fire, earthquake, difference in conditions, marine and facultative and treaty reinsurance including crop. The surety segment specializes in writing small-to-large commercial and contract surety coverages, as well as those for the energy, petrochemical and refining industries. It underwrites selected property and casualty insurance through subsidiaries collectively known as RLI Insurance Group. It conducts its operations through approximately three insurance companies: RLI Insurance Company, Mt. Hawley Insurance and Company and Contractors Bonding and Insurance Company.