Business veteran tapped to steer new enterprise
Old Republic Worldwide Company (ORI) has introduced the creation of a brand new underwriting subsidiary providing accident & medical health insurance merchandise.
The brand new firm, known as Outdated Republic Accident & Well being, Inc., is about to deal with specialised protection, together with employers’ stop-loss insurance coverage. It is going to be led by Gary Nidd as president.
ORI president and CEO Craig R. Smiddy expressed enthusiasm in regards to the new accident & well being subsidiary and mentioned the transfer is meant to develop Outdated Republic’s threat experience and urge for food into a brand new section “that aligns with our specialised method and deal with underwriting excellence.”
“We stay up for leveraging Gary’s expertise and management with the Outdated Republic model, assets and monetary energy,” Smiddy added.
Outdated Republic Accident & Well being is the sixth new firm launched by the shareholder-owned insurance coverage enterprise throughout the previous eight years, additional increasing the experience and expertise of the Outdated Republic Basic Insurance coverage Group.
Outdated Republic Worldwide Company is headquartered in Chicago and holds a spot on the Fortune 500 itemizing of America’s largest corporations. Its subsidiaries actively market, underwrite, and supply a variety of threat administration companies, with a major deal with the overall and title insurance coverage sectors.
The corporate’s basic insurance coverage enterprise ranks amongst 50 of the nation’s largest, whereas its title insurance coverage division is hailed because the third-largest in its business.
Based in 1923, Outdated Republic celebrated its one hundredth anniversary final August 22 by ringing the opening bell on the New York Inventory Trade.
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