OLD REPUBLIC INTERNATIONAL APPOINTS NEW PRESIDENT TO BITCO INSURANCE COMPANIES

Rhea-AI Summary

Old Republic International (NYSE: ORI) has announced key leadership changes at its subsidiary BITCO Insurance Companies. Meyer Lehman, 50, will assume the role of President effective May 1, while Vince Lamb, 62, will continue serving as Chief Executive Officer.

The succession plan demonstrates strategic leadership development at BITCO, with Craig R. Smiddy, Old Republic International's President and CEO, expressing confidence in the transition. Since joining BITCO in 2023, Lehman has demonstrated strong performance in:

• Driving growth initiatives
• Improving profitability
• Enhancing operational excellence

This leadership structure, combining Lehman's appointment as President while maintaining Lamb as CEO, aims to ensure continuity in BITCO's operations. The company remains focused on delivering specialized insurance solutions to its agents, brokers, and customers.

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CHICAGO, April 28, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced leadership succession at BITCO Insurance Companies (BITCO), an Old Republic Specialty Insurance Group subsidiary.

BITCO has named Meyer Lehman (50) President, effective May 1. Vince Lamb (62) will continue as Chief Executive Officer. In making this announcement, Craig R. Smiddy, Old Republic International's President and Chief Executive Officer, noted, "These appointments reflect thoughtful succession planning at BITCO. Since joining BITCO in 2023, Meyer has driven growth, profitability, and operational excellence, and we are confident he will continue to lead with a clear vision for the future. Meyer's appointment and Vince's continued leadership will ensure continuity as BITCO delivers specialized solutions to its agents, brokers, and customers."

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-international-appoints-new-president-to-bitco-insurance-companies-302439960.html

SOURCE Old Republic International Corporation

FAQ

Who is the new President of BITCO Insurance Companies (ORI) in 2025?

Meyer Lehman (50) has been appointed as the new President of BITCO Insurance Companies, effective May 1, 2025. He joined BITCO in 2023 and has demonstrated success in driving growth, profitability, and operational excellence.

What changes are happening in BITCO's leadership structure under Old Republic (ORI)?

BITCO is implementing a dual leadership structure where Meyer Lehman will serve as President while Vince Lamb (62) continues as Chief Executive Officer, effective May 1, 2025. This arrangement is part of BITCO's succession planning strategy.

What has Meyer Lehman achieved since joining BITCO Insurance in 2023?

Since joining BITCO in 2023, Meyer Lehman has successfully driven growth, profitability, and operational excellence, leading to his promotion as President effective May 1, 2025.

How will BITCO's new leadership affect Old Republic's (ORI) insurance operations?

The new leadership structure aims to ensure continuity in BITCO's operations while delivering specialized solutions to agents, brokers, and customers. The change maintains stability with Vince Lamb as CEO while bringing Meyer Lehman's proven leadership as President.

What is Old Republic's (ORI) strategy behind BITCO's leadership changes?

Old Republic's strategy involves thoughtful succession planning at BITCO, combining Meyer Lehman's proven track record of growth and operational excellence with Vince Lamb's continued leadership as CEO to ensure business continuity and future growth.