RLI COO misses volcano reinsurance offer

23-07-2018

RLI COO misses volcano reinsurance offer

iStock/ Pxhidalgo

US specialty insurer RLI Corporation was impacted by a $5.5 million net decrease to underwriting income in the second quarter due to volcanic activity in Hawaii, and chief operating officer Craig Kliethermes explained during the results conference call that there is no reinsurance cover available for such catastrophe events.


RLI, Volcano, Hawaii, Insurance, P&C, Reinsurance, Craig Kliethermes, North America

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