OLD REPUBLIC ANNOUNCES FORMATION OF A NEW LAWYERS SPECIALTY INSURANCE COMPANY
CHICAGO, April 3, 2023 /PRNewswire/ — Outdated Republic Worldwide Corporation (NYSE: ORI) today introduced that it is forming a new underwriting subsidiary to present insurance coverage remedies to attorneys. The new corporation, Old Republic Lawyers Specialty Insurance, Inc. (ORLSI), will target on providing specialist liability coverages for lawyers and will be led by Michael Furlong as President. Mr. Furlong is a attorney himself with extra than 30 many years of industry practical experience and a strong underwriting track record in lawyers professional legal responsibility. He retains his J.D. from the Creighton University University of Law.
In creating this announcement, Craig R. Smiddy, ORI’s President and Main Govt Officer, observed that, “Old Republic Legal professionals Specialty Insurance policy is a pure extension and continuation of ORI’s very long, thriving background of selecting outstanding expertise to start specialised insurance coverage enterprises concentrated on specialty niches. Mike is a potent cultural in good shape with our corporation, and with his underwriting leadership and the total assets of ORI, we are self-confident that our most recent company will supply very long-term benefit for our shareholders and other essential stakeholders.”
About Aged Republic
Chicago-dependent Aged Republic Global Company is a person of the nation’s 50 premier shareholder-owned insurance companies. It is a member of the Fortune 500 listing of America’s premier businesses. The Business is structured as an insurance policies keeping organization whose subsidiaries actively market, underwrite, and provide danger administration expert services for a extensive assortment of coverages primarily in the common and title coverage fields. Old Republic’s normal insurance plan business enterprise ranks amid the nation’s 50 biggest, whilst its title insurance policy organization is the third most significant in its business.
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Old Republic Global Corporation
307 North Michigan Avenue, Chicago, IL 60601
(312) 346-8100
At Old Republic: |
At Financial Relations Board: |
Craig R. Smiddy: President and Main Government Officer |
Analysts/Buyers: Joe Calabrese 212/827-3772 |
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