OLD REPUBLIC FORMS NEW ENVIRONMENTAL INSURANCE COMPANY

Rhea-AI Summary

Old Republic International (NYSE: ORI) has announced the formation of Old Republic Environmental, Inc., a new subsidiary focused on providing environmental insurance products. The company will offer customized primary and excess liability solutions through wholesale and retail brokers.

George Holderied, with 22 years of environmental underwriting experience, will lead the business as President. This marks ORI's seventh new specialty company launched in the past eight years, further expanding the Old Republic Specialty Insurance Group's portfolio.

Positive

• Expansion into environmental insurance market adds new revenue stream
• Strategic diversification of specialty insurance portfolio
• Experienced leadership with appointment of 22-year veteran George Holderied
• Leverages existing brand and financial strength for growth

Negative

• None.

News Market Reaction

-0.43%

1 alert

-0.43% News Effect

On the day this news was published, ORI declined 0.43%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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

 

View original content:https://www.prnewswire.com/news-releases/old-republic-forms-new-environmental-insurance-company-302569709.html

SOURCE Old Republic International Corporation

FAQ

What is Old Republic's (NYSE: ORI) new environmental insurance subsidiary?

Old Republic Environmental, Inc. is ORI's new subsidiary that will provide customized primary and excess liability environmental insurance solutions through wholesale and retail brokers.

Who will lead Old Republic Environmental as President?

George Holderied, a Rutgers University graduate with 22 years of environmental underwriting experience, formerly at AIG, will serve as President of Old Republic Environmental.

How many specialty companies has Old Republic launched in recent years?

Old Republic Environmental is the seventh new specialty company that Old Republic has launched in the last eight years.

What types of insurance products will Old Republic Environmental offer?

The company will offer customized primary and excess liability solutions for businesses of varying scales and complexities, distributed through wholesale and retail brokers.

How does the new environmental insurance company align with ORI's strategy?

The environmental insurance business aligns with Old Republic's strategy and focus on underwriting excellence, while leveraging the company's brand, resources, and financial strength to grow in the specialty insurance segment.