Old Republic International has announced the formation of a new operating entity, Old Republic Property, as part of its ongoing strategy to expand its specialty insurance footprint.
The new company will focus on underwriting specialised property insurance products distributed through a national retail broker network. It will be led by Patrick Hagerty, who joins as President with more than two decades of experience in property underwriting and leadership.
The launch marks the seventh specialty operating company established by Old Republic since 2021, highlighting the group’s continued investment in targeted growth areas within the insurance market.
Leadership at Old Republic emphasised that property insurance represents a natural extension of the company’s long-term strategy, supported by its strong brand, financial stability, and disciplined underwriting approach.
The creation of Old Republic Property reflects a broader push to build high-quality, specialised insurance platforms that can deliver sustainable growth while meeting evolving client needs in complex risk environments.
With experienced leadership and a focused market approach, the new entity is positioned to develop into a key contributor within Old Republic’s diversified specialty insurance portfolio.
