4 September 2015 Insurance

RLI president & COO to step down

Michael Stone, the president and chief operating officer (COO) of RLI Insurance Company, will step down from his position at the end of the year.

Stone, who joined RLI in 1996 and has served as president and COO of the firm since 2002, will continue to serve on the RLI board of directors.

He is succeeded by Craig Kliethermes, currently executive vice president of operations, who will assume the roles of president & COO as of January 1, 2016.

Kliethermes joined RLI in 2006 as vice president of actuarial services, and was promoted to senior vice president of risk services in 2009.

Stone said: "I am honoured to have been a part of the vision and growth of this great company for so many years.

“Craig has been preparing to succeed me for several years and I have the utmost confidence in his ability, and that of our entire leadership team, to effectively lead our organisation into the future. We're well-positioned for continued success.”

Jonathan Michael, RLI chairman and chief executive officer (CEO), said: "Throughout his tenure, Mike has been an integral partner in RLI's growth and success, providing outstanding leadership for our insurance operations.

“On behalf of the board of directors and all RLI employees, I thank him for his commitment to our company and wish him well in his retirement.”

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