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PR Newswire·

OLD REPUBLIC FORMS NEW PROPERTY INSURANCE COMPANY

  • Old Republic International Corporation announced the formation of Old Republic Property, Inc. to underwrite specialized property insurance products via a national retail broker network.
  • Patrick Hagerty, a Villanova University graduate with over 20 years of property underwriting experience, will serve as President of the new company.
  • CEO Craig R. Smiddy stated the move aligns with the company's strategy for diversified growth in Specialty Insurance, leveraging Hagerty's leadership & Old Republic's financial strength.
  • This initiative marks the seventh new specialty operating company launched by Old Republic since 2021.
  • Old Republic is a Fortune 500 specialty insurer founded in 1923 that operates property, casualty, & title insurance companies in the US & Canada.