Old Republic International Corporation has officially kicked off recognition of the 100 year anniversary of Old Republic.
Under the banner of 100 Years of Excellence, company leaders said the year-long celebration will provide an opportunity to engage with employees, customers and business partners to recognize history and mark the next chapter in serving property, casualty and title insurance markets.
Founded in 1923, Old Republic has grown through both acquisitions and creating new insurance businesses. Key milestones included the 1978 acquisition of what would become Old Republic Title Insurance Group and, in 1985, the founding of Old Republic Risk Management and the acquisitions of Great West Casualty Company and BITCO.
Over time, Old Republic has expanded into other niches such as home and auto warranty, professional liability, surety, Canadian specialty and aviation while pursuing acquisitions such as PMA. More recently the tradition of entering new specialty insurance markets has continued with the launches of Old Republic Specialty Insurance Underwriters, Old Republic Residual Markets, Old Republic Inland Marine and Old Republic Excess & Surplus.
“For 100 years, our associates have formed the bedrock of our commitment to excellence. Today, Old Republic is a leading specialty insurer with nearly 10,000 associates across North America and is a Fortune 500 company with financial strength marked by A+ ratings from A.M. Best and Standard & Poor's,” the company stated in a release. “As a public company, Old Republic has produced a 12.5 percent annual total shareholder return over the last 55 years and has rewarded investors with 81 consecutive years of dividends, having raised the annual payout for 41 straight years.”