CHICAGO, Sept. 7, 2016 /PRNewswire/ -- Chicago
Underwriting Group, Inc., the exclusive professional
liability underwriting division of Old Republic Insurance Company,
is changing its name to Old Republic Professional Liability,
Inc. The new name more clearly identifies with our
ultimate parent, Old Republic International Corporation
(NYSE: ORI) and its family of multi-line insurance
companies.
Since our formation in 1983, Old Republic Professional
Liability, Inc. has been a market leader in Directors &
Officers (D&O) liability insurance for American businesses and
other institutions. While we serve many industry sectors, we
are a leader in technology, biotechnology, and life science firms,
currently insuring 50% of the NASDAQ 100 Index and 60% of the
NASDAQ Biotechnology Index. Our growing investment in
intellectual capital has positioned us well to expand our national
footprint to other industry sectors in the same professionally
competent and specialized manner.
For more information, please visit our web site at
www.oldrepublicpro.com
About the Old Republic Insurance Group
Old Republic Insurance Company, ORI's flagship property
and liability insurance subsidiary, underwrites and issues our
D&O and other professional liability insurance contracts.
It is rated A+ by A.M. Best, A2 by Moody's, and A+ by Standard
& Poor's.
Chicago-based Old Republic
International Corporation is one of the nation's 50 largest
publicly held insurance organizations. Its most recent
financial statements reflect consolidated assets of approximately
$17.9 billion and common
shareholders' equity of $4.3 billion,
or $16.89 per share. Its
current stock market valuation is approximately $4.95 billion, or $19.09 per share. It is organized as an
insurance holding company whose subsidiaries actively market,
underwrite, and provide risk management services for a wide variety
of coverages mostly in the general and title insurance fields.
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SOURCE Old Republic International Corporation