Old Republic Announces Appointment Of Veronica Romano As Senior Vice President - Underwriting & Distribution Of The Old Republic General Insurance Group

Rhea-AI Summary

Old Republic International Corporation (NYSE: ORI) announced the appointment of Veronica Romano as Senior Vice President, Underwriting & Distribution for Old Republic General Insurance Group, effective September 27, 2021. With 18 years at Zurich Insurance, Romano brings expertise in underwriting and distribution. CEO Craig Smiddy emphasized her leadership will enhance the team as the company aims for growth and profitability. Old Republic is a major player in the insurance industry, recognized for its solid dividend history with 40 consecutive years of increases at an annual rate of $0.88 per share.

Positive

• Appointment of Veronica Romano expected to enhance underwriting and distribution capabilities.
• Romano's extensive experience is anticipated to support growth and profitability.
• Old Republic's consistent dividend increase highlights financial stability.

Negative

• None.

CHICAGO, Sept. 14, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced the appointment of Veronica Romano as Senior Vice President, Underwriting & Distribution of the Old Republic General Insurance Group, Inc. (ORGIG), effective September 27, 2021. Veronica joins Old Republic's senior leadership team in Chicago after 18 years at Zurich Insurance, where she held leadership roles in underwriting, business development, and distribution.

In making this announcement, Craig Smiddy, Old Republic's President and CEO, noted that "Veronica brings strong underwriting acumen, as well as experience leading teams and managing distribution in several regional markets in the U.S.  Veronica's leadership skills will add greater depth to our team, and we look forward to her contributions as ORGIG continues down the path of growth and profitability."

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. A long-term interest in mortgage guaranty and consumer credit indemnity coverages has devolved to a run-off operating mode in recent years. Old Republic's general insurance business ranks among the nation's 50 largest, while its title insurance operations are the third largest in its industry.

The nature of Old Republic's business requires that it be managed for the long run. Its consistent and reliable cash dividend policy reflects this long-term orientation. The current annualized dividend rate of $0.88 per share marks the 40th consecutive year that Old Republic has boosted this rate, and 2021 becomes the 80th year of uninterrupted regular cash dividend payments. Here's a summary of recent years' total book and market returns, which includes the addition and reinvestment of cash dividend payments, in comparison with the financial performance of three selected indices similarly developed.

	ORI		Selected Indices' Compounded
	Annual	Annual	Total Annual Returns
	Book Value	Market Value	Nominal		S & P
	Compounded	Compounded	Gross	S & P	P&C
	Total	Total	Domestic	500	Insurance
	Return	Return	Product	Index	Index
Ten Years 2001 - 2010	8.0%	1.9%	3.9%	1.4%	1.0%
Ten Years 2011 - 2020	8.8%	9.9%	3.3%	13.9%	14.3%
Twenty Years 2001 - 2020	8.4%	5.8%	3.6%	7.5%	7.4%
First Six Months 2020 - only	0.6%	-25.4%	-10.2%	-3.1%	-13.5%
First Six Months 2021 - only	11.0%	35.8%	5.8%	15.2%	8.9%

 

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

What is the significance of Veronica Romano's appointment at Old Republic International?

Veronica Romano's appointment is significant as it brings a seasoned leadership perspective to enhance underwriting and distribution functions, which are critical for the company's growth.

When does Veronica Romano start her role at Old Republic?

Veronica Romano is set to begin her role as Senior Vice President on September 27, 2021.

What experience does Veronica Romano have before joining Old Republic?

Prior to joining Old Republic, Veronica Romano spent 18 years at Zurich Insurance, where she held several leadership roles in underwriting and business development.

How has Old Republic performed in terms of dividends?

Old Republic has a strong dividend history, marking 40 consecutive years of increases, with the current annual dividend rate at $0.88 per share.