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RLI Corp. (NYSE:<a class="ticker" href="https://www.benzing...

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RLI Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RLI">RLI</a>) – RLI today announced the launch of its Entertainment &amp; Amusement insurance product and the appointment of Kym Tormey as Vice President, Entertainment &amp; Amusement, to lead the business.

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RLI’s Entertainment &amp; Amusement product is designed to serve a broad range of businesses across the industry, including amusement parks, family entertainment centers, fairs, festivals, mobile amusements, concessionaires and similar attractions. Property and casualty coverage is available on a non-admitted basis in all 50 states.

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&#34;This launch reflects RLI’s continued focus on identifying opportunities to serve specialized markets through deep underwriting expertise, exceptional service and strong distribution relationships,&#34; said Jen Klobnak, Chief Operating Officer. &#34;We’re excited to welcome Kym to RLI. Her extensive industry experience and proven leadership will help us deliver tailored solutions that meet the evolving needs of the entertainment and amusement marketplace.&#34;

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Tormey brings more than 35 years of insurance industry experience, including nine years leading specialty entertainment and amusement insurance programs. Before joining RLI, she held leadership roles at AXA XL, XL Group, Arch Insurance Group and Royal &amp; Sun Alliance. She will lead the strategic growth and underwriting operations of RLI’s Entertainment &amp; Amusement business.

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<b xmlns="http://www.w3.org/1999/xhtml">ABOUT RLI</b>

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RLI Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RLI">RLI</a>) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A++ "Superior" by AM Best Company. To learn more about RLI, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.rlicorp.com&amp;esheet=54565748&amp;newsitemid=20260707602396&amp;lan=en-US&amp;anchor=www.rlicorp.com&amp;index=1&amp;md5=b480ddf97e88fe846c09f0383f0a12a2" shape="rect">www.rlicorp.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260707602396r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260707602396/en/" rel="nofollow">https://www.businesswire.com/news/home/20260707602396/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">MEDIA CONTACT
<br xmlns="http://www.w3.org/1999/xhtml"></br></b>Lisa Gates
<br xmlns="http://www.w3.org/1999/xhtml"></br>Vice President, Marketing &amp; Communications
<br xmlns="http://www.w3.org/1999/xhtml"></br>309-692-1000 x5438
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Lisa.Gates@rlicorp.com" shape="rect">Lisa.Gates@rlicorp.com</a>

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RLI Launches Entertainment & Amusement Insurance Product, Names Kym Tormey, Vice President, Entertainment & Amusement

RLI Expands into Entertainment & Amusement Insurance with Veteran Leader

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p xmlns=&quot;http://www.w3.org/1999/xhtml&quot;&gt;
RLI Corp. (NYSE:&lt;a class=&quot;ticker&quot; href=&quot;https://www.benzing...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>RLI announced the launch of its Entertainment &amp; Amusement insurance product and appointed Kym Tormey as VP to lead the unit. The program targets a broad range of venues from amusement parks to fairs, with non-admitted coverage across all 50 states. The move showcases RLI’s strategy to deepen specialization under experienced leadership, potentially expanding premiums if the market adopts the new product.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>RLI launches Entertainment &amp; Amusement insurance product nationwide; non-admitted coverage in all 50 states.</li><li>Kym Tormey named Vice President, Entertainment &amp; Amusement, to lead the business.</li><li>Tormey has 35+ years in insurance; 9 years in specialty entertainment programs.</li><li>Product targets amusement parks, family centers, fairs, festivals, mobile amusements, and concessionaires.</li><li>RLI emphasizes deep underwriting, service, and distribution as growth drivers.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>RLI Corp. (RLI)</strong>: Direct beneficiary; expansion could broaden premium base and diversification.</li><li><strong>AXA XL (AXA)</strong>: Former employer of Kym Tormey; signals potential access to large specialty capacity.</li><li><strong>Arch Insurance Group (ARCH)</strong>: Past employer of the new VP; demonstrates breadth in specialty lines.</li><li><strong>Royal &amp; Sun Alliance (RSA.L)</strong>: Former employer; global insurer background contributing to leadership credibility.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article centers on product expansion and leadership appointment, signaling strategic pivot into a niche market with potential long-term value creation.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Expansion into a niche market could lift RLI&#039;s underwriting revenue and mix.</li><li>Non-admitted nationwide coverage may affect pricing dynamics and claims handling.</li><li>Appointment of a seasoned leader signals stronger execution and cross-sell opportunities.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Entertainment &amp; Amusement product launched by RLI.</li><li>Kym Tormey appointed VP, Entertainment &amp; Amusement.</li><li>Non-admitted coverage available in all 50 states.</li><li>Tormey has 35+ years in insurance; 9 years in specialty entertainment programs.</li><li>Prior leadership roles at AXA XL, XL Group, Arch Insurance Group, and Royal &amp; Sun Alliance.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish near-term; potential premium growth from a new niche, with longer-term upside dependent on market adoption.</p>
  </section>
</section>


<article>
  <section>
    <p><strong>RLI Corp.</strong> (NYSE: <strong>RLI</strong>) today announced the <em>launch</em> of its <em>Entertainment &amp; Amusement</em> insurance product and the appointment of Kym Tormey as Vice President, <em>Entertainment &amp; Amusement</em>, to lead the business. This marks a strategic expansion for <strong>RLI</strong> into specialized markets with enhanced underwriting expertise and distribution capabilities.</p>
  </section>

  <section>
    <h2>Product Scope and Market Coverage</h2>
    <p><em>RLI’s</em> <strong>Entertainment &amp; Amusement</strong> product is designed to serve a broad range of businesses across the industry, including amusement parks, family entertainment centers, fairs, festivals, mobile amusements, concessionaires and similar attractions. Property and casualty coverage is available on a <em>non-admitted basis</em> in all <strong>50 states</strong>.</p>
    <ul>
      <li>Amusement parks</li>
      <li>Family entertainment centers</li>
      <li>Fairs and festivals</li>
      <li>Mobile amusements</li>
      <li>Concessionaires and similar attractions</li>
    </ul>
  </section>

  <section>
    <h2>Executive Commentary</h2>
    <p>This launch reflects <strong>RLI</strong>’s continued focus on identifying opportunities to serve specialized markets through deep underwriting expertise, exceptional service and strong distribution relationships, said Jen Klobnak, Chief Operating Officer. "We’re excited to welcome Kym to <strong>RLI</strong>. Her extensive industry experience and proven leadership will help us deliver tailored solutions that meet the evolving needs of the entertainment and amusement marketplace."</p>
  </section>

  <section>
    <h2>Leadership Appointment: Kym Tormey</h2>
    <p><strong>Tormey</strong> brings more than <strong>35 years</strong> of insurance industry experience, including <strong>nine years</strong> leading specialty entertainment and amusement insurance programs. Before joining <strong>RLI</strong>, she held leadership roles at AXA XL, XL Group, Arch Insurance Group and Royal &amp; Sun Alliance. She will lead the strategic growth and underwriting operations of <strong>RLI’s Entertainment &amp; Amusement</strong> business.</p>
  </section>

  <section>
    <h2>About RLI</h2>
    <p><strong>RLI Corp.</strong> (NYSE: <strong>RLI</strong>) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. <strong>RLI</strong>’s products are offered through its insurance subsidiaries <em>RLI Insurance Company</em>, <em>Mt. Hawley Insurance Company</em> and <em>Contractors Bonding and Insurance Company</em>. All of <strong>RLI</strong>’s subsidiaries are rated <strong>A++ "Superior"</strong> by AM Best Company. To learn more about <strong>RLI</strong>, visit <a href="https://www.rlicorp.com" rel="nofollow">www.rlicorp.com</a>.</p>
  </section>

  <section>
    <h2>Media Contact</h2>
    <p><strong>MEDIA CONTACT</strong><br>Lisa Gates<br>Vice President, Marketing &amp; Communications<br>309-692-1000 x5438<br><a href="mailto:Lisa.Gates@rlicorp.com">Lisa.Gates@rlicorp.com</a></p>
  </section>
</article>

RLI announced the launch of its Entertainment & Amusement insurance product and appointed Kym Tormey as VP to lead the unit. The program targets a broad range of venues from amusement parks to fairs, with non-admitted coverage across all 50 states. The move showcases RLI’s strategy to deepen specialization under experienced leadership, potentially expanding premiums if the market adopts the new product.

RLI Launches Entertainment & Amusement Insurance Product, Names Kym Tormey, Vice President, Entertainment & Amusement

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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