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
AT OLD REPUBLIC PROFESSIONAL LIABILITY, INC.: Frank J. Kastelic, President, (312) 750-8800; AT OLD REPUBLIC INSURANCE COMPANY: Craig R. Smiddy, President & COO, (312) 346-8100