Old Republic International Corporation (NYSE: ORI) has announced the formation of Old Republic Cyber, Inc., a new underwriting subsidiary specializing in Cyber and Technology Errors and Omissions (E&O) insurance products. This initiative marks the seventh specialty company launched by Old Republic in the past nine years, reinforcing its commitment to diversification and innovation.
The newly established subsidiary will focus on providing tailored coverage for cyber and technology risks. CJ Pruzinsky has been appointed as President, while Kevin McGowan will serve as Executive Vice President and Chief Underwriting Officer. Pruzinsky brings 18 years of experience from AIG, Beazley, and Resilience, while McGowan offers 15 years of expertise with Ace, Beazley, and Resilience.
“Expand Our Capabilities”
“We are thrilled to welcome CJ and Kevin to Old Republic,” said Craig R. Smiddy, President and CEO of Old Republic International. “Their leadership and extensive experience in cyber underwriting align perfectly with our specialty strategy and commitment to underwriting excellence. We’re confident their expertise will expand our capabilities and strengthen our position in the industry.”
Old Republic Cyber, Inc. enhances the company’s offerings within the Old Republic General Insurance Group, leveraging the corporation’s brand, resources, and financial stability in cyber and technology insurance.
Based in Chicago, Old Republic International is one of the 50 largest shareholder-owned insurance firms in the U.S. and ranks among the nation’s largest in general and title insurance.
Source: OLD REPUBLIC ANNOUNCES FORMATION OF A NEW CYBER AND TECHNOLOGY COMPANY.
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