RLI: Another Acquisition to Strengthen Leadership in Niche Markets

An LA presenter likes RLI's (NYSE: RLI, $52.07) position in niche insurance markets. The company has just announced an acquisition of Contractors Bonding Insurance Company, which specializes in surety bonds. This deal will expand RLI's reach in the surety segment/contractors' niche. It is expected to be accretive in the first year. RLI continues to return excess capital to shareholders and has announced a special $7 dividend to be paid on 12/29.