Old Republic International Launches New Environmental Insurance Subsidiary to Expand Portfolio

Old Republic International Expands Portfolio with New Environmental Insurance Subsidiary

Old Republic International Corporation, a notable player in property and casualty insurance, announces the launch of Old Republic Environmental, Inc., a new subsidiary dedicated to providing environmental insurance products. This strategic move aligns with the company's overarching goal of enhancing its underwriting capabilities while responding to a growing demand for specialized insurance solutions in the environmental arena. By offering customized primary and excess liability solutions, Old Republic Environmental aims to serve a diverse range of businesses, tailoring its services to meet the specific needs and complexities of each client.

The establishment of this subsidiary marks a significant step forward for Old Republic, which has been actively expanding its specialty insurance offerings. Leading the new entity is George Holderied, whose extensive experience in environmental underwriting—spanning over two decades, with a notable tenure at AIG—positions him as a key asset in driving the subsidiary's growth. Craig R. Smiddy, President and CEO of Old Republic, underscores the importance of this initiative, asserting that environmental insurance is a natural extension of the company’s commitment to underwriting excellence. With this new subsidiary, Old Republic not only diversifies its portfolio but also reinforces its reputation as a forward-thinking insurer capable of addressing contemporary risk management challenges.

Old Republic Environmental represents the seventh specialty company launched by Old Republic in the past eight years, underscoring the firm’s strategic focus on expanding its operational capabilities and enhancing its service offerings. As the insurance landscape evolves, particularly in response to increasing environmental regulations and risks, Old Republic’s proactive approach positions it well to meet the needs of its clients. The company’s established network of wholesale and retail brokers will facilitate efficient distribution of its environmental insurance products, ensuring that businesses have access to expert consultation and tailored coverage options.

In addition to its new subsidiary, Old Republic International continues to be recognized for its robust underwriting and risk management services across the U.S. and Canada. Founded in 1923 and a member of the Fortune 500, the company remains committed to delivering innovative insurance solutions through its specialized operating companies. With Old Republic Environmental, the company reinforces its position as a leader in the specialty insurance sector, ready to tackle the challenges of an evolving market.

Old Republic International’s commitment to adapting its business model to include environmental insurance not only reflects the growing importance of this sector but also highlights its dedication to serving its clients’ evolving needs. For more information, the company encourages stakeholders to visit its website at www.oldrepublic.com.