OLD REPUBLIC ANNOUNCES APPOINTMENT OF MIKE BAUMEL AS SENIOR VICE PRESIDENT

Rhea-AI Summary

Old Republic International Corporation (NYSE: ORI) announced the appointment of Mike Baumel as Senior Vice President – Claims and Chief Claims Officer of Old Republic General Insurance Group. With over 30 years of experience, Baumel will oversee claims initiatives, enhancing best practices within the organization. CEO Craig Smiddy praised Baumel's leadership and expertise in complex claims management. Old Republic is among the top 50 shareholder-owned insurance businesses in the U.S., with significant rankings in both general and title insurance.

Positive

• Appointment of Mike Baumel expected to enhance claims management and best practices.
• Baumel's extensive experience may lead to improved operational efficiency.

Negative

• None.

CHICAGO, Dec. 1, 2022 /PRNewswire/ --– Old Republic International Corporation (NYSE: ORI) today announced the appointment of Mike Baumel as Senior Vice President – Claims, ORI, and Senior Vice President - Chief Claims Officer, Old Republic General Insurance Group, Inc. (ORGIG). In this newly created role, Mr. Baumel will work closely with the claim department leaders of ORGIG's diverse specialty companies, enhancing best practices across the organization, and he will lead ORGIG's Claims Excellence and Managed Care Excellence initiatives. He joins Old Republic's executive team in Chicago with over 30 years of experience as a claims executive and litigation attorney, leading global claim departments across all lines of coverage. He is a graduate of The University of Iowa, and holds his JD from DePaul University College of Law.

In making this announcement, Craig Smiddy, Old Republic's President and CEO, noted that "Mike brings deep claims acumen across many products, including resolving complex, large exposure cases. Mike is an excellent cultural fit, and his leadership skills and technical expertise will add greater depth and breadth to our executive team. We look forward to his contributions as we continue to drive long term, profitable growth."

About Old Republic
Chicago-based Old Republic International Corporation is one of the nation's 50 largest shareholder-owned insurance businesses. It is a member of the Fortune 500 listing of America's largest companies. The Company 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. Old Republic's general insurance business ranks among the nation's 50 largest, while its title insurance business is the third largest in its industry.

For Old Republic's latest news releases and other corporate documents:
Please visit us at www.oldrepublic.com
__________________________________________________________________
Alternatively, please write or call:  Investor Relations
Old Republic International Corporation
307 North Michigan Avenue, Chicago, IL 60601
 (312) 346-8100

At Old Republic:		At Financial Relations Board:
Craig R. Smiddy, President and CEO		Analysts/Investors: Joe Calabrese (212) 827-3772

 

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SOURCE Old Republic International Corporation

FAQ

Who is Mike Baumel and what role has he been appointed to at Old Republic International?

Mike Baumel has been appointed as Senior Vice President – Claims and Chief Claims Officer at Old Republic General Insurance Group.

What experience does Mike Baumel bring to Old Republic International?

Baumel brings over 30 years of experience as a claims executive and litigation attorney.

What is the significance of Mike Baumel's appointment for Old Republic International?

His appointment is expected to enhance claims management and promote best practices across the organization.

When was Mike Baumel's appointment announced?

The appointment was announced on December 1, 2022.

What does Old Republic International specialize in?

Old Republic International primarily focuses on insurance, underwriting, and risk management services in general and title insurance fields.