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27 July 2017

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RLI made Q4 retreat from RV business

Laura Board 1 February 2017

Specialty insurer RLI Corp said it had put a recreational vehicle business with premium of about $12mn into run-off in the fourth quarter.

The move came in the same quarter that RLI agreed to sell a cat-driven property treaty book with premium of about $10mn to Navigators, as this publication reported .

News of the decision to "non-renew" the RV book emerged on an analysts' conference call last week following the release of RLI's fourth quarter results on 25 January...


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