CHICAGO, Sept. 18,
2023 /PRNewswire/ -- Old Republic
International Corporation (NYSE: ORI) today announced that
it is forming a new underwriting subsidiary to provide Accident
& Health insurance products. The new company, Old Republic
Accident & Health, Inc., will focus on providing specialized
coverages such as employers stop loss and will be led by
Gary Nidds as President. As a
Fellow of the Society of Actuaries (FSA), Mr. Nidds has more than
33 years of industry experience and a strong underwriting track
record in Accident & Health products, with successful executive
leadership experience at Crum & Forster, Swiss Re and Munich
Re.
In making this announcement, Craig R.
Smiddy, ORI's President and Chief Executive Officer,
noted that, "Old Republic Accident & Health will expand our
risk expertise and appetite into a new segment that aligns with our
specialized approach and focus on underwriting excellence. We look
forward to leveraging Gary's experience and leadership with the Old
Republic brand, resources and financial strength."
Old Republic Accident & Health will be the sixth new company
that Old Republic has launched in the last eight years, adding to
the depth and talent of the Old Republic General Insurance
Group.
About Old Republic
Chicago-based Old Republic International
Corporation is one of the nation's 50 largest shareholder-owned
insurance businesses. It is a member of the Fortune 500 listing of
America's largest companies. The Company is organized as an
insurance holding company whose subsidiaries actively market,
underwrite, and provide risk management services for a wide variety
of coverages mostly in the general and title insurance fields. Old
Republic's general insurance business ranks among the nation's 50
largest, while its title insurance business is the third largest in
its industry.
For Old Republic's
latest news releases and other corporate documents:
Please visit us
at www.oldrepublic.com
|
|
|
|
Alternatively,
please write or call: Investor Relations
Old Republic
International Corporation
307 North Michigan
Avenue, Chicago, IL 60601
(312)
346-8100
|
At Old
Republic:
|
|
|
At Financial
Relations Board:
|
Craig R. Smiddy:
President and Chief Executive Officer
|
|
|
Analysts/Investors: Joe
Calabrese 212/827-3772
|
View original
content:https://www.prnewswire.com/news-releases/old-republic-announces-formation-of-a-new-accident--health-company-301930820.html
SOURCE Old Republic International Corporation