OLD REPUBLIC ANNOUNCES SENIOR MANAGEMENT CHANGES AT OLD REPUBLIC PROFESSIONAL

Rhea-AI Summary

Old Republic (NYSE: ORI) announced senior management changes at Old Republic Professional effective March 23, 2026. Doug Wordekemper will become Chief Executive Officer of Old Republic Professional and Frank Kastelic will transition to President, Public D&O, reporting to Wordekemper.

Wordekemper brings over 25 years of Financial Lines underwriting and leadership experience, most recently as Head of Wholesale Financial Lines at a global specialist insurer. Management says the changes aim to strengthen specialty underwriting and Public D&O leadership within Old Republic Professional.

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Positive

• Doug Wordekemper named CEO of Old Republic Professional effective March 23, 2026
• Wordekemper brings over 25 years of Financial Lines underwriting and leadership experience

Negative

• Executive transition creates potential short-term integration and leadership disruption risk

News Market Reaction – ORI

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-0.56% News Effect

On the day this news was published, ORI declined 0.56%, reflecting a mild negative market reaction.

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CHICAGO, March 10, 2026 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – Old Republic International today announced that Doug Wordekemper will become Chief Executive Officer of Old Republic Professional, effective March 23. In addition, Frank Kastelic, Old Republic Professional's current President, will transition to President, Public D&O, reporting to Wordekemper.

Wordekemper brings over 25 years of Financial Lines underwriting and leadership experience, most recently as Head of Wholesale Financial Lines for a large global specialist insurer.  In making this announcement, Craig Smiddy, Old Republic International's President and Chief Executive Officer, noted "Doug has a long track record of disciplined underwriting, thoughtful portfolio management, and partnership with brokers and clients. He has led his teams through growth and change with a people-first leadership style that aligns well with our culture. Frank's deep expertise and relationships in Public D&O will guide his leadership of Old Republic Professional's largest segment. We are excited for our expanded executive team to lead Old Republic Professional's specialty underwriters and diversified portfolio into the future."

About Old Republic

Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.

At Old Republic:			At Financial Relations Board:
Craig R. Smiddy: President and Chief Executive Officer			Investors: Joe Calabrese/jcalabrese@mww.com

 

View original content:https://www.prnewswire.com/news-releases/old-republic-announces-senior-management-changes-at-old-republic-professional-302709440.html

SOURCE Old Republic International Corporation

FAQ

Who is the new CEO of Old Republic Professional (ORI) and when does he start?

Doug Wordekemper becomes Chief Executive Officer of Old Republic Professional effective March 23, 2026. According to Old Republic, Wordekemper brings over 25 years of Financial Lines underwriting and leadership experience, most recently as Head of Wholesale Financial Lines at a global specialist insurer.

What role will Frank Kastelic hold after Old Republic Professional's March 2026 reorganization?

Frank Kastelic will transition to President, Public D&O and report to the new CEO, Doug Wordekemper. According to Old Republic, Kastelic's expertise and relationships in Public D&O will guide leadership of the division, Old Republic Professional's largest segment.

How does Old Republic describe Doug Wordekemper's experience for the ORI role?

Old Republic says Wordekemper has over 25 years of Financial Lines underwriting and leadership experience. According to Old Republic, he led wholesale Financial Lines teams and emphasizes disciplined underwriting, portfolio management, and broker partnership.

Will the Old Republic Professional reporting structure change after the March 23, 2026 update?

Yes. Frank Kastelic will report to Doug Wordekemper after the change effective March 23, 2026. According to Old Republic, the update reorganizes Old Republic Professional leadership to align specialty underwriters and the diversified portfolio under Wordekemper.

What is the stated purpose of Old Republic's senior management changes at ORI Professional?

The company says the changes aim to strengthen specialty underwriting and Public D&O leadership within Old Republic Professional. According to Old Republic, the expanded executive team is intended to guide specialty underwriters and the diversified portfolio into the future.