OLD REPUBLIC APPOINTS NEW EXECUTIVE VICE PRESIDENT TO BITCO INSURANCE COMPANIES

Rhea-AI Summary

Old Republic International Corporation (NYSE: ORI) announced the appointment of Meyer Lehman as Executive Vice President of BITCO Insurance Companies, effective January 3, 2023. Reporting to Vince Lamb, BITCO's President and CEO, Lehman will oversee Underwriting, Claims, and Operations. With over 20 years of experience in general insurance and actuarial services, his leadership aims to enhance BITCO's growth strategy. This appointment is expected to strengthen BITCO's executive team and drive long-term, profitable growth.

Positive

• Meyer Lehman's appointment is expected to enhance BITCO's leadership team.
• Lehman brings over 20 years of industry experience, potentially contributing to BITCO's long-term growth.

Negative

• Concerns about continuity and experience gaps in BITCO's leadership during the transition.

CHICAGO, Jan. 3, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — BITCO Insurance Companies (BITCO), a member of the Old Republic General Insurance Group since 1985, today announced the appointment of Meyer Lehman as Executive Vice President and member of BITCO's Office of the Chief Executive Officer.  In this newly created role reporting to Vince Lamb, BITCO's President and CEO, Mr. Lehman will have direct oversight of Underwriting, Claims and Operations. He joins BITCO with over 20 years of experience, including executive leadership of actuarial, underwriting, and finance teams. He is a graduate of the University of California – Santa Cruz and a Fellow of the Casualty Actuarial Society.

In making the announcement, Craig Smiddy, ORI's President and CEO, noted that "Meyer brings a wealth of general insurance knowledge and executive leadership experience to BITCO and he will add greater depth and breadth to BITCO's executive team." Vince Lamb, BITCO's President and CEO, commented "We look forward to Meyer's contributions to BITCO's specialized approach 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

What is the recent executive change at Old Republic International Corporation?

Meyer Lehman has been appointed as Executive Vice President of BITCO Insurance Companies, effective January 3, 2023.

What will Meyer Lehman oversee at BITCO Insurance Companies?

Lehman will have direct oversight of Underwriting, Claims, and Operations.

How might Meyer Lehman's appointment impact BITCO Insurance Companies?

His extensive experience is expected to strengthen BITCO's executive team and drive profitable growth.

Who does Meyer Lehman report to at BITCO Insurance Companies?

He reports to Vince Lamb, BITCO's President and CEO.