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RLI Corp (RLI)

RLI on New York Consolidated

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2 Dec 2016
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Summary

Name Age Since Current Position

Jonathan Michael

62 2011 Chairman of the Board, President, Chief Executive Officer

Thomas Brown

59 2015 Chief Financial Officer, Vice President

Craig Kliethermes

51 2016 President & Chief Operating Officer - RLI Insurance Company

Aaron Diefenthaler

42 2014 Chief Investment Officer, Vice President, Treasurer

Todd Bryant

47 2014 Vice President - Finance, Controller

Charles Linke

78 2011 Lead Independent Director

Kaj Ahlmann

65 2009 Independent Director

Barbara Allen

63 2006 Independent Director

Michael Angelina

49 2013 Independent Director

John Baily

72 2003 Independent Director

Calvin Butler

46 2016 Independent Director

Jordan Graham

55 2004 Independent Director

F. Lynn McPheeters

73 2000 Independent Director

Robert Restrepo

2016 Independent Director

James Scanlan

62 2015 Independent Director

Robert Viets

72 1993 Independent Director

Aaron Jacoby

VP, Corporate Development

Biographies

Name Description

Jonathan Michael

Mr. Jonathan E. Michael serves as Chairman of the Board, President, Chief Executive Officer of RLI Corp. He is Chairman of the Board since May 5, 2011. President & CEO of the Company since January 1, 2001. He was elected Chairman of the Board & CEO of the Company’s principal insurance subsidiaries January 1, 2002. Mr. Michael joined the Company in 1982 and has held various managerial and executive officer positions, including Controller, Vice President, Finance/Chief Financial Officer. Additionally, as Executive Vice President he was responsible for running the Company’s insurance operations for several years before becoming Chief Operating Officer in 1994. Prior to 1982, Mr. Michael was associated with Coopers & Lybrand LLP, and is a certified public accountant. He serves on the Board of Directors of investment management software maker SS&C Technologies Holdings, Inc. and sunglass manufacturer Maui Jim, Inc. He is currently a member of the OSF St. Francis Medical Center Community Advisory Board, a member of the Illinois Neurological Institute Advisory Board, Vice Chairman and member of Central Illinois Easter Seals Foundation Board, a Trustee of Ohio Dominican University, and a member of the National Council of Advisors for the Bradley University Foster College of Business. He is a member and Past Chair of the Property Casualty Insurers Association Board of Governors. He has a Bachelor’s degree in Business Administration from Ohio Dominican College.

Thomas Brown

Mr. Thomas L. Brown serves as Chief Financial Officer, Vice President of the Company. He was Chief Financial Officer, Vice President, Treasurer of RLI Corp. Prior to joining RLI, Mr. Brown worked for over 30 years at PricewaterhouseCoopers LLP in Chicago, Illinois, where he most recently served as Vice Chair and Partner and was the lead engagement partner on numerous engagement teams assisting Fortune 500 insurance companies. Mr. Brown is a CPA and holds a B.S. in Accounting from Illinois Wesleyan University. Mr. Brown currently serves on the Illinois Wesleyan University Board of Trustees, and previously served on the Insurance Companies Committee of the AICPA.

Craig Kliethermes

Mr. Craig W. Kliethermes has been appointed as President & Chief Operating Officer - RLI Insurance of the Company., effective as of January 1, 2016. He is no longer as Executive Vice President - Operations of principal insurance, subsidiaries of RLI Corp. Mr. Kliethermes joined the Company as Vice President, Actuarial Services in April 2006. In February 2009, Mr. Kliethermes was promoted to Senior Vice President, Risk Services. Previously he was Senior Vice President, Quantitative Analyst for Lockton Companies from January 2006 through April 2006. Mr. Kliethermes was Assistant Vice President, Employers Reinsurance Corporation and Vice President, Westport, both a part of GE Insurance Solutions, from May 1998 through January 2006.

Aaron Diefenthaler

Mr. Aaron P. Diefenthaler is a Chief Investment Officer, Vice President, Treasurer of the Company. He was Vice President, Chief Investment Officer of RLI Corp. Mr. Diefenthaler was Principal and Portfolio Manager with AAM Insurance Investment Management from 2002 to January 2012. He comes to RLI with 16 years of investment and operations experience. Prior to joining RLI, he was a Principal and Portfolio Manager with AAM Insurance Investment Management where he managed investment portfolios for numerous insurance companies. Diefenthaler earned a B.S. in Finance from Indiana University and a M.B.A. from DePaul University's Kellstadt Graduate School of Business. In addition, he holds the CFA designation.

Todd Bryant

Mr. Todd Wayne Bryant is a Vice President - Finance, Controller of the Company. Mr. Todd Wayne Bryant was Vice President, Controller of RLI Corp. Prior to his promotion, Mr. Bryant had been Assistant Vice President, Financial Reporting since August 2006, and previously held various managerial and accounting positions since he joined the Company in 1993.

Charles Linke

Prof. Charles M. Linke is no longer Lead Independent Director of RLI Corp., with effect from May 4, 2017. He is Professor Emeritus of Finance at the University of Illinois (Urbana-Champaign) since 1998. Professor Linke has held various positions with the University of Illinois since 1966. Professor Linke has also served as CEO of Economics Et Cetera, Inc., a consulting firm specializing in financial economics since 1981. Professor Linke joined the University of Illinois faculty in 1966, serving as IBE Distinguished Professor of Finance, Chairperson of the Department of Finance, Associate Dean for Graduate Studies and Associate Dean of Executive Education. He has also served as visiting scholar at Senshu University in Tokyo, Japan, and visiting professor at Nankai University, People’s Republic of China. He has a Bachelor’s degree and has Master’s and Doctorate degrees in Business Administration, all from Indiana University.

Kaj Ahlmann

Mr. Kaj Ahlmann serves as an Independent Director of RLI Corp. He Joined Deutsche Bank in October 2009 as Global Head, Strategic Services and Chair, Advisory Board after having provided independent services to the Council of Global Insurance Asset Management, Deutsche Asset Management, since 2006. Mr. Ahlmann brings nearly 35 years of experience with various companies related to the reinsurance and insurance industries and asset management. From 2001 to 2003, Mr. Ahlmann was the Chairman and CEO of inreon, a global electronic reinsurance venture created by Munich Re, Swiss Re, Internet Capital Group and Accenture. He was Vice Chairman and Executive Officer of E.W. Blanch Holdings, Inc., a provider of integrated risk management and distribution services, from 1999 to 2001. Prior to that, from 1993 to 1999, he was Chairman, President and CEO of Employers Reinsurance Corporation, a global reinsurance company and served as a director of the parent organization, GE Capital Services. He served on the boards of Erie Indemnity Company, Erie Insurance Group from 2003 to 2008 and SCPIE Holdings, Inc., from 2006 to 2008. Mr. Ahlmann, with his family, owns and operates the Six Sigma Ranch & Winery in Lower Lake, California, which produces artisanal wines for retail distribution. Mr. Ahlmann currently serves on the boards of the American Institute for CPCU (Chartered Property and Casualty Underwriter) and the Advisory Board of Six Sigma Academy. He has a Bachelor’s degree in Mathematics and a Master’s degree in Mathematical Statistics and Probability and Actuarial Science, both from the University of Copenhagen.

Barbara Allen

Ms. Barbara R. Allen serves as an Independent Director of RLI Corp. She retired after serving from November 2005 through August 2008 as President of Proactive Partners, a division of Tennis Corporation of America, which owns and operates athletic facilities in North America. Former Partner with The Everest Group, a strategy and general management consulting firm, from 2003 through October 2005. For 23 years, Ms. Allen held various executive management positions with The Quaker Oats Company including Executive Vice President, International Foods responsible for Quaker’s food business outside the United States; Vice President, Corporate Strategic Planning responsible for development of worldwide strategic plans and annual operating budgets; and, President, Frozen Foods Division and Vice President Marketing. Additionally, Ms. Allen served as President of the Corporate Supplier Division for Corporate Express and as CEO for the women’s pro-soccer league start-up, the WUSA. Ms. Allen is a former director for Maytag Corporation, Tyson Foods, Inc., Converse Inc., Chart House Enterprises, Inc., Lance, Inc., and Coty, Inc., serving on audit and compensation committees. Ms. Allen currently is on the advisory board at The University of Arizona Eller College of Management. She has a Bachelor’s degree in Psychology from the University of Illinois-Champaign and a Master’s degree in Marketing and Finance from the University of Chicago.

Michael Angelina

Mr. Michael E. (Mike) Angelina is an Independent Director of the RLI Corp. He was Executive Director of the Academy of Risk Management and Insurance at Saint Joseph’s University since April 2012. Mr. Angelina leads the Risk Management and Insurance program within the Haub School of Business and coordinates the Academy of Risk Management Insurance activities. From June 2005 to April 2012, Mr. Angelina was the Chief Risk Officer and Chief Actuary for Endurance Specialty Holdings, Ltd., where he was a functional leader of pricing, reserving and risk management and the leader of the Enterprise Risk Management Initiative. From January 2000 to June 2005, Mr. Angelina was the Managing Principal of Tillinghast-Towers Perrin where he led the Philadelphia office and co-led Tillinghast Asbestos practice. Mr. Angelina serves as a Board Member of Equator Re, Hagerty Insurance Group, the American Academy of Actuaries (AAA), and a member of AAA Committee on Property & Liability Financial Reporting, CAS Committee on Reinsurance, and past member and current Chair of AAA Casualty Practice Council. Mr. Angelina has a Bachelor’s degree in Mathematics from Drexel University.

John Baily

Mr. John T. Baily serves as an Independent Director of RLI Corp. He retired after serving as President of Swiss Re Capital Partners from 1999 through 2002. In this role, he was involved in investments and acquisitions in the insurance industry. Previously National Insurance Industry Chairman and Partner of the accounting firm of Coopers & Lybrand LLP (C&L) (now known as PricewaterhouseCoopers LLP) retiring in 1999 after 33 years, 23 years as a partner. He served as Chairman of the C&L insurance practice for 13 years, where he was responsible for all of the firm’s services to the insurance industry (including audit, tax, actuarial, management consulting). He was also past Chairman of C&L’s International Insurance Companies Committee. He was also a member of C&L’s governing body, the U.S. Board of Partners. He is a past Chairman of the AICPA Insurance Companies committee. He served on the Investment Committee of both Securitas Capital and Conning Capital Partners. Mr. Baily serves on the boards of Endurance Specialty Holdings, Inc., Golub Capital BDC, Inc., CIFG Holdings, Ltd., and its affiliates, and is Chairman Emeritus of the Board of Albright College. He previously served on the boards of Erie Indemnity Company and NYMagic, Inc. He has served as the Chair of the Audit Committee of both private and public companies, and currently serves as the Audit Committee Chair of Endurance Specialty Holdings, Inc. and CIFG Holdings, Ltd. He has a Bachelor’s degree in Economics from Albright College and a Master’s degree in Business Administration from the University of Chicago.

Calvin Butler

Mr. Calvin G. Butler, Jr. has been appointed as Independent Director of the Company, effective October 1, 2016. Butler is Chief Executive Officer of Baltimore Gas and Electric Company (BGE), and formerly served as BGE’s senior vice president, regulatory and external affairs. He has extensive leadership and advocacy experience in government and corporate affairs through previous roles with Exelon, ComEd, RR Donnelley and CILCORP (Central Illinois Light Co.). Butler holds a bachelor’s degree from Bradley University and a Juris Doctor degree from Washington School of Law.

Jordan Graham

Mr. Jordan W. Graham serves as a Independent Director of RLI Corp. He is Managing Director with Quotient Partners since May, 2011, providing strategy and merger/acquisition advisory services to financial, information services, and technology companies. From 2010 to 2011, President of FICO Consumer Services and Executive Vice President for Credit Scoring and Predictive Analytics at FICO, a provider of credit, analytics, and decision management technologies. From 2007 to 2010, Mr. Graham was Managing Director and Head of North America Business Development for the Global Transaction Services (GTS) Division of Citigroup and responsible for strategic planning, global partnerships and acquisitions for the Cash Management and Trade Services businesses. For the preceding two years, he was retained as a full time consultant to the CEO of Citigroup GTS and provided business strategy and acquisition advisory services. Mr. Graham has over 25 years of experience working in and providing products and services to the financial services industry globally. From 1998 to 2004, he was an executive with Cisco Systems, serving as Vice President of the Internet Business Solutions Group, Services Industries Strategy Consulting Practice and led the internet business strategy consulting practices for the financial services, healthcare, energy and media/entertainment industries globally. Previously he was Managing Director and Global Head of Cisco’s Financial Services Industry Consulting Practice and provided internet strategy and advisory services to CXO level executives in Global 500 securities, banking, and insurance firms. Mr. Graham has a Bachelor’s degree in Business Entrepreneurship from the University of Southern California.

F. Lynn McPheeters

Mr. F. Lynn McPheeters serves as an Independent Director of RLI Corp. He retired as Vice President and Chief Financial Officer of Caterpillar Inc., the world’s leading manufacturer of construction, mining and related equipment in February 2005. Mr. McPheeters joined Caterpillar Inc. in 1964 and held various financial positions and spent 15 years overseas. In his global assignments, he served as Distribution Finance Manager in Japan, Finance Manager in Europe and Secretary-Treasurer for Caterpillar Far East in Hong Kong. He went on to serve as Executive Vice President of Caterpillar Financial Services Corporation in Nashville and returned to Peoria to become Caterpillar’s Corporate Treasurer in 1996 until November 1998. He was responsible for the company’s banking and funding relationships, trade financing policy, foreign exchange and interest risk management, pension fund administration and Caterpillar Investment Management Limited, the company’s investment advisory group, which had its own group of mutual funds and managed the company’s employee 401(k) plan. He was also responsible for a division managing the placement of all corporate insurance coverages. Mr. McPheeters was appointed Vice President and Chief Financial Officer in 1998. He was responsible for the Corporate Services Division, which included accounting, tax, treasury, and investor relations functions. For three of his six years as CFO, he also had responsibility for the company’s IT operations. Mr. McPheeters serves on the board of Microlution Inc. and Lumimove, Inc. He is a past Chairman of the OSF Saint Francis Medical Center Foundation Council and is former President and emeritus member of the Southern Illinois University Carbondale Foundation Board. He has a Bachelor’s degree in Accounting from Southern Illinois University-Carbondale, and later attended the Advanced Management Program at Duke University and Finance Management Program at Stanford University.

Robert Restrepo

Mr. Robert P. Restrepo, Jr. has been appointed as Independent Director of the Company, effective July 01, 2016. Restrepo led State Auto Insurance Companies in Columbus, OH, as Chairman, CEO and President, and formerly served as Senior Vice President of Insurance Operations for Main Street America Group in Jacksonville, FL. He is an accomplished executive with more than 35 years of insurance industry experience, including leadership positions at Allmerica Financial, Travelers Property & Casualty and Aetna Life & Casualty. Restrepo holds a Bachelor of Arts degree from Yale University.

James Scanlan

Mr. James J. Scanlan is an Independent Director of the Company. Mr. Scanlan retired after serving as United States Insurance Industry Leader and as a member of the Global Insurance Leadership Team of the accounting firm PricewaterhouseCoopers LLP (“PwC”) from 2003 through 2013. He was responsible for seventy-five partners and all areas of practice management, including risk management and new business development. Mr. Scanlan joined PwC in 1976 and was admitted to Partnership in 1986. He was also past Partner in Charge of Philadelphia Healthcare Practice (1989–1992); Philadelphia Financial Services Practice (1993–1997); and Southeast Regional Financial Services and Insurance Practice (1998–2001). He was a member of PwC Extended Leadership Team from 2007 through 2013. He serves on the Board of Directors of The Warranty Group, a leading global provider of warranty solutions and underwriting services. He is Chair of the Finance Committee of Drexel Neumann Academy and West Catholic Preparatory High School. He has a Bachelor’s degree in accounting from Pennsylvania State University. He is a certified public accountant.

Robert Viets

Mr. Robert O. Viets is no longer Independent Director of RLI Corp., with effect from May 4, 2017. Since 1999, President of ROV Consultants, LLC providing consulting services to regulated energy and communication businesses. Former President, CEO and director from 1988 until 1999 of CILCORP Inc., a holding company in Peoria, Illinois, whose principal subsidiary was a utility company. He served as a consultant to AES Corporation, a global power company. After working for several years in St. Louis with Arthur Andersen & Co., a national accounting firm, Mr. Viets joined Central Illinois Light Company (CILCO) in Peoria to manage the company’s regulatory and financial activities. CILCO was a regulated electric and natural gas utility serving central Illinois. In 1985, Mr. Viets led the formation of CILCORP, Inc., a non-regulated holding company that became the parent company of CILCO. The corporate restructuring was designed to prepare the company for competition in the retail electric and natural gas energy markets. Mr. Viets is a former director of Patriot Coal Corporation and Consumers Water Company, Philadelphia Suburban Corporation (now Aqua America, Inc.), Lincoln Office Supply Co., Inc. and Methodist Health Services Corporation. He has also chaired the Bradley University board of trustees. Mr. Viets has a Bachelor’s degree in Economics from Washburn University and a Law degree from Washington University School of Law. He is a certified public accountant.

Aaron Jacoby

Basic Compensation