RLI Corp. has acquired Rockbridge Underwriting Agency, a managing general agency specializing in medical malpractice insurance.
RLI says Rockbridge is a managing general agency specializing in surplus lines medical malpractice insurance for individual physicians and physician groups with unique needs. Rockbridge offers coverage in all 50 states through a network of retail and wholesale brokers. RLI estimates that Rockbridge will add about $20 million of premium per year to its business.
RLI, a specialty insurance company, offers a diversified portfolio of P&C coverages and surety bonds serving niche or underserved markets. RLI operates in all 50 states from office locations across the country. RLI says its insurance subsidiaries—RLI Insurance Co., Mt. Hawley Insurance Co., RLI Indemnity Co. and Contractors Bonding and Insurance—are rated A+ “Superior” by A.M. Best Co.
