Old Republic International Corporation (“ORI”) has made several changes in its senior executive ranks effective October 1, 2019.

Craig Smiddy, ORI's president and chief operating officer, will assume the position of president and chief executive officer. He concurrently will join the board of directors and its executive committee.

Scott Rager, the company's executive vice chairperson, will retire effective October 1, 2019, following a 40-year career with the company and several subsidiaries.

Aldo C. Zucaro, chairperson and chief executive officer, will retire as chief executive officer. He will continue as chairperson of the board and its executive committee.

In a statement, the board of directors expressed its deep appreciation for Mr. Rager's many years of active service and for Mr. Zucaro's 25 years of service as chief executive officer.

Chicago-based ORI is one of the nation's 50 largest publicly held insurance enterprises. It is a member of the Fortune 500 listing of America's largest companies. Its most recent financial statements reflect consolidated assets of approximately $20.29 billion and common shareholders' equity of $5.66 billion, or $18.94 per share. Its current stock market valuation is approximately $6.63 billion, or $21.91 per share.

ORI is organized as an insurance holding company whose subsidiaries market, underwrite, and provide risk management services for a wide variety of coverages mostly in the general and title insurance fields.

Victoria Spears

Victoria Spears

Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].

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