RLI (NYSE:RLI) Corporation, founded in 1965 and headquartered in Peoria, Illinois, is a specialty insurer focused on providing property and casualty insurance and surety products through its primary subsidiary, RLI Insurance Company. Originally established to serve small commercial risks, RLI has grown into a diversified carrier known for underwriting niche and hard-to-place risks. The company’s conservative approach to risk management and emphasis on disciplined underwriting have been central to its growth and reputation in the specialty insurance sector.
RLI’s business is organized around three key operating segments: Casualty, Property, and Surety. The Casualty segment offers coverages such as general liability, commercial auto, and professional liability for small to medium-sized businesses. The Property segment provides a range of commercial property and inland marine policies, including excess and surplus lines solutions. In the Surety segment, RLI issues contract and commercial surety bonds supporting construction projects, court obligations, and other performance guarantees.
The company distributes its products primarily through wholesale brokers and managing general agents, enabling it to access specialized markets across all 50 states. In addition to its U.S. headquarters, RLI maintains regional offices in major metropolitan areas and a branch in Dublin, Ireland, to support its international surety business. RLI’s focus on targeted specialty markets and close broker relationships allows the company to offer tailored solutions that meet the unique needs of its clients.
Leadership at RLI has been guided by a commitment to financial strength, prudent risk selection, and superior customer service. Since 2005, William H. Shenkir has served as President and Chief Executive Officer, overseeing strategic initiatives and fostering a corporate culture centered on underwriting excellence. Under his stewardship, RLI continues to balance growth with disciplined capital management, positioning the company as a respected player in the specialty insurance industry.
