OLD REPUBLIC ANNOUNCES FORMATION OF A NEW CYBER AND TECHNOLOGY COMPANY
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Old Republic International Corporation (NYSE: ORI) has announced the formation of a new subsidiary, Old Republic Cyber, Inc., to provide Cyber and Technology Errors and Omission (E&O) insurance products. This move aims to expand their offerings in the specialized Cyber and Technology insurance market.
January 06, 2025 | 6:15 pm
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Old Republic International Corporation is expanding its product offerings by forming a new subsidiary focused on Cyber and Technology E&O insurance. This strategic move could enhance ORI's market position in the growing cyber insurance sector.
The formation of Old Republic Cyber, Inc. represents a strategic expansion into a growing market segment. As cyber threats increase, demand for specialized insurance products is likely to rise, potentially boosting ORI's revenues and market share.
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