A.M. Best Withdraws Ratings of RLI Indemnity Company

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has withdrawn the financial strength rating of A+ (Superior) and the issuer credit rating of “aa” of RLI Indemnity Company (RLI Indemnity) (Peoria, Illinois).

RLI Indemnity, previously a subsidiary of Mt. Hawley Insurance Company and ultimately of RLI Corp. [NYSE:RLI], was sold as a clean shell to Clear Blue Financial Holdings, LLC on Nov. 3, 2015. This sale has resulted in A.M. Best withdrawing the ratings.

This press release relates to rating(s) that have been published on A.M. Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please visit A.M. Best’s Ratings & Criteria Center.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151203006349/en/

A.M. Best
Henry Witmer, 908-439-2200, ext. 5097
Assistant Vice President
[email protected]
or
Andrew Colaninno, 908-439-2200, ext. 5706
Vice President
[email protected]
or
Christopher Sharkey, 908-439-2200, ext. 5159
Manager, Public Relations
[email protected]
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
[email protected]

Source: A.M. Best

You May Also Be Interested In

• First Patient Dosed in Phase III Perioperative Study of Cadonilimab (PD-1/CTLA-4) in Colon Cancer
• Island Passage Trenching Confirms Porphyry Copper-Gold System at the EL02 Project, Bougainville Island, Papua New Guinea
• BNB Price Prediction: BNB Chain’s $1B Stock Lead Meets Pepeto, the Presale Analysts Say Could Run 100x