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RLI forms new reinsurance property treaty group

RLI Corp, a specialty insurance company, has formed a new Property Treaty Group within its reinsurance division RLI Re.

The new group will offer customized assumed property reinsurance solutions to a select group of regional and super regional insurance companies.

According to the RLI, the newly formed group, a broker market reinsurer, will work exclusively with reinsurance intermediaries, and provide per risk, quota share and catastrophe coverages.

The group, based in Stamford, Connecticut, will be led by George Dragonetti, senior vice president, RLI Re.

Dragonetti will join RLI with 20 years of experience in the treaty reinsurance industry as both an underwriter and broker. Prior to RLI Re, he was general manager for Lexington Bermuda and held senior underwriting positions with La Salle Re, Endurance Group, and F&G Re. He was also a treaty broker for Benfield Group.

RLI Insurance president and COO Michael Stone said that the expanded capabilities of the reinsurance division will add balance and scope to existing operations.