RLI president criticises MGAs for 'irrational' pricing

The president of specialty insurer RLI has accused some MGAs in
the US market of "irrational behaviour", with business
still being written at unsustainable rates.
"To be clear, we are not in a hard market," RLI
president and COO Craig Kliethermes said on an earnings call on 19
April.
He continued: "We still see irrational behaviour in several
places where MGAs have been given the pen, or standard markets are
trying to gain a foothold in the specialty space."
Kliethermes...