A.M. Best has withdrawn the financial strength rating of A+ (Superior) and the issuer credit rating of “aa” of RLI Indemnity Company (RLI Indemnity) (Peoria, Illinois).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.
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Contacts:
Henry Witmer, 908-439-2200, ext. 5097
Assistant
Vice President
henry.witmer@ambest.com
or
Andrew
Colaninno, 908-439-2200, ext. 5706
Vice President
andrew.colaninno@ambest.com
or
Christopher
Sharkey, 908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim
Peavy, 908-439-2200, ext. 5644
Assistant Vice President,
Public Relations
james.peavy@ambest.com
