Old Republic International Launches New Specialized Property Insurance Subsidiary

Old Republic International Corporation (ORI) has announced the formation of a new operating subsidiary named Old Republic Property, Inc. The new entity is specifically designed to underwrite specialized property insurance products, targeting niche market segments. Operations will be conducted through a comprehensive national retail broker distribution network to ensure broad market reach. Patrick Hagerty has been appointed as the President of the new company to oversee its strategic direction and growth. This expansion aims to strengthen the parent company's underwriting capabilities and diversify its revenue streams within the insurance sector. The move underscores Old Republic's commitment to growing its footprint and enhancing its competitive position in specialized insurance markets.