1. Old Republic launched a new environmental insurance subsidiary. 2. Old Republic Environmental offers customized liability solutions for diverse businesses. 3. The new venture strengthens ORI's specialty insurance segment. 4. The company is led by experienced underwriter George Holderied. 5. This marks the seventh new specialty company launched in eight years.
The introduction of a new subsidiary diversifies ORI's product offerings, which historically leads to revenue growth. Previous expansions in specialty insurance have positively impacted ORI's market performance.
The article outlines a significant strategic move by ORI, boosting its market position within the specialty insurance space, promising potential revenue and market expansion.
The impact of this strategic move will unfold over a longer period as market reception and revenue generation develop. Similar past initiatives took time to influence stock performance positively.
CHICAGO, Sept. 29, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced a new underwriting subsidiary to provide environmental insurance products. The new company, Old Republic Environmental, Inc. will deliver customized primary and excess liability solutions to businesses of varying scales and complexities. These products will be distributed through a carefully curated network of wholesale and retail brokers, ensuring that clients receive specific coverage options and the benefit of expert consultation. The business will be led by George Holderied as President. A graduate of Rutgers University, Mr. Holderied has 22 years of environmental underwriting experience, most recently at AIG.
In making this announcement, Craig R. Smiddy, ORI's President and Chief Executive Officer, noted that, "Environmental insurance is a specialty product that aligns with our strategy and focus on underwriting excellence. George's deep background in environmental sciences and underwriting leadership along with Old Republic 's brand, resources and financial strength will allow us to leverage and grow another specialty insurance segment."
Old Republic Environmental will be the seventh new specialty company that Old Republic has launched in the last eight years, adding further diversification, depth, and talent to the Old Republic Specialty Insurance Group.
About Old Republic
Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.
At Old Republic: | At Financial Relations Board: |
Craig R. Smiddy, President and Chief Executive Officer | Analysts/Investors: Joe Calabrese 212/827-3772 |
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SOURCE Old Republic International Corporation