CHICAGO, Jan. 6, 2025
/PRNewswire/ -- Old Republic International Corporation (NYSE:
ORI) – today announced that it is forming a new underwriting
subsidiary to provide Cyber and Technology Errors and Omission
(E&O) insurance products. The new company, Old Republic Cyber,
Inc., will focus on providing specialized Cyber- and
Technology-related coverage and will be led by CJ Pruzinsky as
President and Kevin McGowan as
Executive Vice President and Chief Underwriting Officer. A graduate
of William Paterson University, Mr.
Pruzinsky has 18 years of cyber underwriting experience with AIG,
Beazley, and, most recently, Resilience. A graduate of
Miami University, Mr. McGowan has 15
years of cyber underwriting experience with Ace, Beazley, and, most
recently, Resilience.
In making this announcement, Craig R.
Smiddy, ORI's President and Chief Executive Officer, noted
that, "We are excited to have both CJ and Kevin join Old Republic
and expand our underwriting expertise and appetite into new lines
of coverage that align with our specialty strategy and our focus on
underwriting excellence. We look forward to leveraging both CJ's
and Kevin's leadership and industry knowledge with the Old Republic
brand, resources, and financial strength."
Old Republic Cyber will be the seventh new specialty company
that Old Republic has launched in the last nine years, adding
further diversification, depth, and talent to 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.
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For Old Republic's latest news releases and other
corporate documents:
Please visit us at www.oldrepublic.com
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Alternatively, please write or call: Investor
Relations
Old Republic International Corporation
307 North Michigan Avenue, Chicago, IL 60601
(312) 346-8100
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At Old
Republic:
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At Financial
Relations Board:
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Craig R. Smiddy:
President and Chief Executive Officer
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Analysts/Investors: Joe
Calabrese 212/827-377
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SOURCE Old Republic International Corporation