Exhibit 99.1
NEWS BULLETIN
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Old Republic International Corporation
307 North Michigan Avenue, Chicago, IL 60601-5382 312/346-8100
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For Further Information:
AT OLD REPUBLIC: AT FINANCIAL RELATIONS BOARD:
A.C. Zucaro George Zagoudis
Chairman & CEO General Information
(312) 346-8100 (312) 640-6663
gzagoudis@financialrelationsboard.com
AT FINANCIAL RELATIONS BOARD: AT FINANCIAL RELATIONS BOARD:
Leslie Loyet Tim Grace
Analysts/Investors Media Inquiries
(312) 640-6672 (312) 640-6667
lloyet@financialrelationsboard.com tgrace@financialrelationsboard.com
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FOR IMMEDIATE RELEASE ORI: NYSE
AUGUST 2, 2004
OLD REPUBLIC INTERNATIONAL CORPORATION
ANNOUNCES APPOINTMENT OF KARL W. MUELLER TO
SENIOR VICE PRESIDENT & CHIEF FINANCIAL OFFICER
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Chicago - August 2, 2004 - Old Republic International Corporation (NYSE: ORI)
today announced that Karl W. Mueller (45) will be joining the Company as Senior
Vice President and Chief Financial Officer effective October 1, 2004. He'll
succeed John S. Adams (46) who'll continue as Old Republic's Vice
President-Finance.
Karl Mueller joins Old Republic's senior executive ranks from his current
position as a Partner in the Chicago office of the international accounting firm
of KPMG LLP. He joined the predecessor firm of Peat, Marwick, Mitchell & Co. in
its St. Louis office twenty-three years ago, became a Partner in 1995, and has
specialized in insurance for the past twelve years.
In announcing the position, Al Zucaro, Old Republic's chairman and chief
executive officer, noted that "...Karl Mueller brings us extensive insurance
accounting and business experience, and adds greater depth to our senior
management team. Moreover, I am certain that his current knowledge of financial
accounting and reporting developments will be of particularly great value at a
time when expectations of the financial function in American industry have been
raised significantly."
About Old Republic
Chicago-based Old Republic International Corporation is an insurance holding
company whose subsidiaries market, underwrite and provide risk management
services for a wide variety of coverages in the property and liability, mortgage
guaranty, title and life and health insurance fields. One of the nation's 50
largest publicly owned insurance organizations, Old Republic has assets of
approximately $ 10.03 billion and shareholders' equity of nearly $ 3.79 billion.
Its current stock market valuation is approximately $ 4.14 billion.
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