OLD REPUBLIC FORMS NEW ENVIRONMENTAL INSURANCE COMPANY

Core Insights - Old Republic International Corporation has launched a new underwriting subsidiary, Old Republic Environmental, Inc., to provide environmental insurance products [1][2] - The new subsidiary aims to deliver customized primary and excess liability solutions to businesses through a network of brokers [1][2] - George Holderied, with 22 years of environmental underwriting experience, will lead the new company [1][2] Company Strategy - The launch of Old Republic Environmental aligns with the company's strategy focused on underwriting excellence and specialty products [2] - This new subsidiary marks the seventh specialty company launched by Old Republic in the last eight years, enhancing diversification and talent within the Old Republic Specialty Insurance Group [2] Company Background - Old Republic is a leading specialty insurer founded in 1923, operating in property & casualty and title insurance sectors [3] - The company is a member of the Fortune 500 and provides tailored underwriting and risk management services across the United States and Canada [3]