ORI - Old Republic expands into excess & surplus lines insurance
Old Republic International (NYSE:ORI) is forming a new company to provide commercial excess & surplus lines insurance products, expanding its the company said on Monday. Ralph Sabbagh, who has more than 16 years of experience in E&S lines, will be president of Old Republic Excess & Surplus. The new company will focus on specialized E&S lines sourced primarily through the wholesale distribution channel. "Old Republic Excess & Surplus is a natural extension and continuation of Old Republic's long, successful history of providing specialized commercial insurance and related products," said Old Republic (ORI) President and CEO Craig R. Smiddy. In January, Old Republic (ORI) acquired the operating assets of Utah-based Mountain View Title & Escrow.
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Old Republic expands into excess & surplus lines insurance