Results in 2011 were impacted by one-time charges related to RLI's acquisition of CBIC
in April 2011.
About CBIC CBIC
is the preeminent private-sector advocate and catalyst for entrepreneurship and innovation-based economic development in the greater Charlottesville, VA region.
Yes, time must also be managed for the IP's volunteer work for professional association like APIC, CBIC
, where the networking and opportunities make the "day job" more valuable and fun.
At the meeting, India and Japan acknowledged the progress made in the CBIC
project and the finalization of the preliminary report for enhancing the quality of infrastructure in the region.
CB-55L follows in the distinguished footsteps of NEC Electronics' previous research and development, but it marks a departure from the company's previous CBIC
strategy, which addressed a wide range of markets.
Our top priority with excess capital is always to make strategic investments in our business, as demonstrated by the recent acquisition of CBIC
provided debt financing for this transaction and acted as advisor to the company.
Growth in premium was driven by the acquisition of CBIC
in the second quarter and by newer product initiatives.
Integration efforts related to the CBIC
acquisition are underway and are going smoothly.
The rating affirmations of CBIC
recognize its strong risk-adjusted capitalization, historically profitable underwriting and operating results, demonstrated expertise in the surety and small contractor market and the future benefits to be derived from its affiliation with RLI.
Since November 1998, BroadBand has been working with its financial advisor CBIC
Fitch estimates that RLI's pro forma operating leverage (net premiums written to surplus) adjusting for a full year of premiums from CBIC
will increase to approximately 0.