Posted on 02 Dec 2010
RLI Corp. announced that it has created a new Professional Services Group to expand its capabilities within the professional services market. The new group, formed by a merger of three existing products, will offer a comprehensive portfolio of solutions to serve the growing number of professional services firms.
“The number of professional service firms continues to expand rapidly and create new opportunities despite a weak economy,” said Michael Stone, RLI Insurance Company President & COO. “Combining three successful products under one group and enhancing our solutions will enable RLI to differentiate its offerings within this market and better serve our customers.”
The Professional Services Group will provide design professionals, technology professionals, and target professionals with a holistic suite of property, casualty and professional liability solutions to protect against a multitude of exposures. In addition, the group will complement its insurance coverages with risk management and continuing education services. ? ?The new Professional Services Group will be led by L. Lenny Waldhauser, Vice President, who is an industry veteran and has been with RLI since 2008. Mr. Waldhauser previously served as Vice President of the RLI Design Professionals Group. “Our goal is to make life easier for the insureds and their brokers by allowing them to partner with one carrier who understands their needs and can serve them through one, cohesive program,” said Mr. Waldhauser.
RLI’s Professional Services Group will be open to a limited network of current and newly appointed specialty brokers.? ?RLI, a specialty insurance company, offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. RLI operates in all 50 states from office locations across the country. The company's talented associates have delivered underwriting profits in 29 of the last 33 years, including the last 14.
RLI's insurance subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company – are rated A+ "Superior" by A.M. Best Company and A+ "Strong" by Standard & Poor's. ? ?For additional information, contact Lenny Waldhauser at (610) 664-8700 x1492 or at Lenny.Waldhauser@rlicorp.com or visit the RLI Professional Services Group website at www.rlipsg.com.