Old Republic International Corporation Appoints Smiddy As Chief Operating Officer For Its General Insurance Group
CHICAGO, June 3, 2013 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced that Craig R. Smiddy (49) will join the Old Republic General Insurance Group, Inc. (ORGIG) as chief operating officer. Smiddy also will become a member of ORGIG's Office of the Chief Executive Officer, which is this segment's senior policy-setting group. The change will take effect by August 5, 2013.
Smiddy joins Old Republic's executive ranks from his most recent position as president of the Specialty Markets Division of Munich Reinsurance America, Inc. (Munich Re). His general insurance career spans more than 25 years, including 15 with Munich Re in positions of increasing responsibility. Before this, Smiddy worked with a personal lines carrier and a major commercial general insurance broker.
In making this announcement, Al Zucaro, Old Republic's chairman and chief executive officer, noted, "Craig's wide-ranging experience in general insurance, as well as his leadership skills, are a great addition to our multi-faceted business. We look forward to his contribution to Old Republic as we enhance our commitment to general and title insurance, which are the major pillars of our long-term growth strategy."
About Old Republic
Chicago-based Old Republic International Corporation is an insurance holding company whose subsidiaries market, underwrite and provide risk management services for a wide variety of coverages, principally in the property and liability, mortgage guaranty and title insurance fields. One of the nation's 50 largest publicly owned insurance organizations, Old Republic has assets of approximately $16.41 billion and common shareholders' equity of nearly $3.67 billion, or $14.31 per share. Its current stock market valuation is approximately $3.57 billion, based on $13.75 per share.
For the latest news releases and other corporate documents on Old Republic International, visit www.oldrepublic.com
SOURCE Old Republic International Corporation
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