PEORIA, Ill.--(BUSINESS WIRE)--RLI Corp. (NYSE: RLI) – RLI Corp. announced today that Carol Denzer, RLI Insurance Company Vice President & CIO, has been named Vice President, Underwriting, Contrac Pac, effective January 1, 2012. Denzer will report to Paul Simoneau, Vice President of RLI Casualty Brokerage, and will be responsible for leading the growth of Contrac Pac, a product RLI gained through its recent acquisition of CBIC. Concurrent with this announcement, Murali Natarajan has been promoted to Vice President, IT, effective January 1, 2012. Natarajan will report to Michael Stone, RLI Insurance Company President & COO.
Denzer has 24 years of experience at RLI and began her career with the company in 1987 as a reinsurance accountant. She has held various positions within the organization and has served as vice president and chief information officer since 2006. Most recently, she led the integration efforts associated with RLI’s acquisition of Contractors Bonding and Insurance Company in April 2011.
“Carol has been a tremendous asset to RLI for many years,” said Michael Stone, RLI Insurance Company President & COO. “Her experience, deep understanding of our business and track record of success in previous roles will help RLI develop growth opportunities within our contractor business.”
Natarajan has 18 years of IT experience and joined RLI in 1997. He has served in multiple roles within the IT department including, most recently, AVP, Solutions Delivery.
“Murali has been instrumental in many of the IT initiatives and solutions launched since he joined RLI,” said Stone. “His business acumen in the IT space and understanding of the technology needs of our customers will help him continue to be an effective leader for our IT organization.”
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. 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. RLI’s newest subsidiary, Contractors Bonding and Insurance Company, is rated A “Excellent” by A.M. Best Company. RLI is recognized as one of the insurance industry’s top performing companies by its designation as a Ward's 50® Top P&C Performer and has been a member of the group for 21 straight years since the list’s inception in 1991.