Exhibit 99.1
NEWS BULLETIN
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Old Republic International Corporation
307 North Michigan Avenue, Chicago, Illinois 60601-5382, 312/346-8100
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For Further Information:
AT OLD REPUBLIC: AT FINANCIAL RELATIONS BOARD:
A.C. Zucaro Leslie Loyet
Chairman & CEO Analysts/Investors
(312) 346-8100 (312) 640-6672
lloyet@financialrelationsboard.com
AT FINANCIAL RELATIONS BOARD:
Tim Grace
Media Inquiries
(312) 640-6667
tgrace@financialrelationsboard.com
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FOR IMMEDIATE RELEASE ORI: NYSE
FRIDAY, MAY 19, 2006
OLD REPUBLIC ANNOUNCES SENIOR MANAGEMENT APPOINTMENTS
CHICAGO, May 19, 2006 - Old Republic International Corporation (NYSE: ORI) today
announced that its Board of Directors had approved the following senior
management appointments effective July 1, 2006:
* James A. Kellogg, 54, currently President of the Old Republic General
Insurance Group, has been appointed to President and Chief Operating
Officer of the Corporation. In this position he becomes the fifth president
in Old Republic's 83-year history, succeeding Al Zucaro, 67, who continues
as the Corporation's Chairman and Chief Executive Officer.
* R. Scott Rager, 57, currently Chairman and Chief Executive Officer of Old
Republic's Great West Casualty Company operating subsidiary, has been
elevated to President and Chief Operating Officer of the Old Republic
General Insurance Group, succeeding Jim Kellogg. Additionally, Scott Rager
was named to the new position of Senior Vice President-Administration and
Planning of the Corporation.
In addition to these new responsibilities, Scott Rager will join Old Republic's
Office of the Chief Executive Officer which, as a result, will consist of:
Jim Kellogg (54),
President & Chief Operating Officer
Spencer LeRoy (60),
Senior Vice President, General Counsel & Secretary
Karl Mueller (46),
Senior Vice President & Chief Financial Officer
Chris Nard (42),
Senior Vice President-Mortgage Guaranty
Scott Rager (57),
Senior Vice President-General Insurance
Rande Yeager (57),
Senior Vice President-Title Insurance
Al Zucaro (67),
Chairman and Chief Executive Officer
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Old Republic International Corp.
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In making this announcement, Al Zucaro noted, "This strengthened alignment of
senior executive responsibilities is intended to assure the continuity of our
enterprise as a successful long-term undertaking for the common benefit of our
shareholders and insurance subsidiaries' policyholders. The above-named managers
are supported by a cadre of long-tenured executives and key associates deeply
committed to Old Republic's culture of managing for the long haul. We are
thrilled in being able to assure the continuity and consistency of our business
philosophy with home grown talent."
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, principally in the property and
liability, mortgage guaranty and title insurance fields. One of the nation's 50
largest publicly owned insurance organizations, Old Republic has assets of
approximately $11.6 billion and capitalization of $4.0 billion. Its current
stock market valuation is approximately $4.9 billion.
For the latest news releases and other corporate documents on
Old Republic International,
visit www.oldrepublic.com
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