KENNESAW, Ga., May 1, 2015 /PRNewswire/ -- Phoenix Aviation
Managers, Old Republic's exclusive aviation underwriting unit since
1983 is changing its name to Old Republic Aerospace, Inc.
The purpose of our name change is to better reflect our expanded
capabilities to the aviation marketplace, while also aligning our
company's brand identity with that of the Old Republic
International Corporation (NYSE: ORI) family of companies. While
our name is changing, our commitment to excellence is stronger than
ever as we continue forward as Old Republic Aerospace. We
will continue to provide premier aviation insurance solutions and
develop new products and services all of which demonstrates our
unwavering commitment to our insureds, agents, and brokers.
Chicago-based Old Republic
International Corporation is one of the nation's 50 largest
publicly held insurance organizations. Its most recent financial
statements reflect consolidated assets of approximately
$17.20 billion and common
shareholders' equity of $4.01
billion, or $15.48 per share.
Its current stock market valuation is approximately
$3.97 billion, or $15.21 per share.
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 lines has devolved
to a run-off operating mode in recent years.
For more information, visit us at
www.oldrepublicearospace.com
Further Information Contact:
AT OLD REPUBLIC AEROSPACE:
Ralph H. Sohl, President & Chief Executive
Officer
770-590-4950
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SOURCE Old Republic International Corporation