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CHICAGO - Old Republic International Corporation (NYSE:ORI), a property and casualty insurer with a market capitalization of $8.92 billion and a solid financial health score of "GOOD" according to InvestingPro, announced senior management changes at its Old Republic Surety Company division on Wednesday, appointing Steve Denault as President and Alan Pavlic as CEO, effective immediately.
Denault, 59, joined Old Republic in January 2025 after spending 33 years at COUNTRY Financial, where he held various executive positions, most recently serving as CEO Advisor in 2024 after being promoted to Executive Vice President and Chief Operating Officer in 2019. He holds a master’s degree in Agricultural Economics from the University of Illinois and is a graduate of Illinois State University.
Pavlic, 65, who has been with the company since 2005 and served as President since 2013, will now transition to the CEO role. He previously worked as Senior Vice President and Claims General Counsel. Pavlic earned his bachelor’s degree from Albion College and his juris doctor from Michigan State University College of Law.
Craig R. Smiddy, Old Republic International’s President and Chief Executive Officer, commented on the leadership transition, noting Pavlic’s achievements in expanding the company’s presence in the surety marketplace.
Old Republic International, founded in 1923, operates specialized property and casualty and title insurance companies across the United States and Canada. The company is listed on the Fortune 500.
The information in this article is based on a press release issued by Old Republic International Corporation.
In other recent news, Old Republic International Corporation disclosed its financial results for the first quarter ending March 31, 2025. The company released this information through an 8-K filing with the Securities and Exchange Commission, although specific revenue and profit figures were not detailed. Additionally, Old Republic filed a prospectus supplement with the SEC to register the resale of up to 2,829,509 shares of its common stock by a selling stockholder. This filing, part of an automatic shelf registration statement, will not affect the total number of shares currently on the market. In a separate development, Old Republic announced the appointment of Meyer Lehman as the new president of its subsidiary, BITCO Insurance Companies, effective May 1. This leadership change is part of a planned succession to ensure continuity and support BITCO’s growth. Moreover, the company filed another prospectus supplement for the resale of 1,286,700 shares by identified selling shareholders, with legal opinions included in the filing. Lastly, Old Republic’s shareholders approved board nominees and ratified KPMG LLP as the independent auditor during their recent Annual Meeting, as reported in their SEC filing.
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