Old Republic Professional
Old Republic Professional is a small insurance company founded in 1983, specializing in management and professional liability insurance. Headquartered in Chicago, IL, the company offers a range of products including Directors and Officers Insurance and Employment Practices Liability Insurance, serving both public and private companies.
Company Overview
Old Republic Professional operates within the insurance industry, specializing in management and professional liability insurance. Founded in 1983, the company has established itself as an industry leader with 40 years of continuous experience. Headquartered in Chicago, Illinois, Old Republic Professional is part of the Old Republic General Insurance Group, which is the largest business segment of Old Republic International Corporation. The company employs a team of 90, classifying it as a small business.
Insurance Products
Old Republic Professional offers a range of insurance products tailored to meet the needs of various clients. Key offerings include Directors and Officers (D&O) liability insurance for both public and private companies, Employment Practices Liability Insurance, and Fiduciary Liability Insurance. The company also provides Lawyers Professional Liability insurance on both primary and excess bases. Notable products include 'Lead Side-A D&O: A-Sure', 'Excess Flex', and 'InvestPro for Asset Managers', catering to different sectors and client requirements.
Specialties
The company specializes in several areas of insurance, including Directors and Officers Insurance, Lawyers Professional Liability Insurance, and Employment Practices Liability Insurance. Old Republic Professional also focuses on providing coverage for private companies, ensuring they have adequate protection for their management and professional risks. Additionally, the company offers Non-Profit Directors & Officers Liability insurance through a partnership with ALTRU, expanding its reach within the insurance market.
Client Base
Old Republic Professional serves a diverse client base, including public and private companies, financial institutions, and law firms. The company insures 50% of the NASDAQ 100 Index and 60% of the NASDAQ Biotechnology Index, demonstrating its significant presence in the market. Its customer retention rate exceeds 90%, attributed to a deep understanding of clients' businesses and the provision of competitive insurance solutions tailored to their specific needs.
Geographic Presence
The company has a broad geographic presence with underwriting offices located in Denver, Los Angeles, and New York. This strategic positioning allows Old Republic Professional to effectively serve clients across the United States, offering primary and excess products on admitted and non-admitted A+ paper countrywide. The company’s ability to provide insurance solutions for various sectors enhances its operational reach and client accessibility.