Old Republic Construction Program Group, Inc. Is Now Old Republic Contractors Insurance Group, Inc.
February 17, 2017 --
CHICAGO, Feb. 17, 2017 /PRNewswire/ -- Old Republic Construction Program Group, Inc. (ORCPG), the specialty contractors insurance division of Old Republic General Insurance Corporation (ORGENCO), is changing its name to Old Republic Contractors Insurance Group, Inc. (ORCIG). The new name more clearly describes our focus as a specialty underwriter of contractors insurance exposures. The name also retains its identity with the ultimate parent company, Old Republic International Corporation (NYSE: ORI) and its family of multi-line insurance companies.
Since its formation ten years ago, the Old Republic Contractors Insurance Group has become an increasingly important market leader that provides quality insurance products and services to select participants in the construction industry. We have gradually expanded its national footprint to provide a high level of specialized underwriting, claims, and loss control services in a professionally competent manner. With offices strategically located in Atlanta, Chicago, Dallas, Kansas City, New York City, and Pasadena we are well positioned to meet brokers' and insureds' specific needs very efficiently.
For more information, please visit our website at www.orcpg.com
Old Republic General Insurance Corporation is one of America's strongest insurers?a company managed conservatively for the long-run. For more than 50 years, ORGENCO has provided innovative solutions, and proven claims and risk management solutions. It underwrites and issues insurance contracts for Old Republic Contractors Insurance Group and is rated A (Excellent) by A.M. Best, 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 $18.5 billion and common shareholders' equity of $4.4 billion, or $17.20 per share. Its current stock market valuation is approximately $5.4 billion, or $20.75 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.
Further Information Contact:
R. Scott Rager, CEO
Craig R. Smiddy, President & COO
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SOURCE Old Republic International Corporation
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