Old Republic International (ORI) Announces Leadership Changes for Strategic Growth at Surety Company
- Old Republic International appoints Steve Denault as President and Alan Pavlic as CEO of Old Republic Surety Company.
- Denault brings over 30 years of experience, enhancing Old Republic's operational capabilities and market presence.
- Pavlic's leadership has expanded market share and strengthened underwriting and risk management at Old Republic Surety.
Leadership Shift at Old Republic Surety: A New Era Begins
Old Republic International Corporation (NYSE: ORI) initiates a notable transition in leadership within its Old Republic Surety Company, marking a significant strategic move to bolster its operational capabilities and market presence. Effective immediately, Steve Denault takes the helm as President, while Alan Pavlic steps into the role of CEO. This leadership change comes as Old Republic focuses on enhancing its growth trajectory amidst an evolving insurance landscape. Denault, who joined Old Republic earlier this year, brings over three decades of experience from COUNTRY Financial, where he held senior executive positions, including Executive Vice President and Chief Operating Officer. His academic background in Agricultural Economics from the University of Illinois complements his extensive industry experience, positioning him to navigate the complexities of the surety market.
Alan Pavlic’s promotion to CEO is a testament to his successful tenure at Old Republic, where he has been instrumental in expanding the company’s market share since joining in 2005. Initially serving as Senior Vice President and Claims General Counsel, Pavlic ascended to the role of President in 2013, demonstrating his adept leadership and deep understanding of the industry. Under his guidance, the Old Republic Surety Company has strengthened its underwriting capabilities and risk management services, which are critical to the firm’s overall success as a leading specialty insurer. Pavlic’s academic credentials, including a bachelor’s degree from Albion College and a juris doctor from Michigan State University College of Law, further underpin his expertise in navigating the legal intricacies of the insurance sector.
The appointments of Denault and Pavlic signal Old Republic’s commitment to fostering a dynamic leadership team that can effectively respond to market changes and client needs. Craig R. Smiddy, President and CEO of Old Republic International, expresses confidence in this new leadership duo, emphasizing their potential to sustain profitable growth during ongoing transformations within the industry. As Old Republic continues to leverage its specialized operating companies to deliver tailored insurance solutions across the U.S. and Canada, the focus remains on enhancing customer service and maintaining a competitive edge in the property and casualty as well as title insurance markets.
In addition to these leadership changes, Old Republic International emphasizes its long-standing reputation as a trusted insurer since its founding in 1923. The company is recognized for its expertise in underwriting and risk management, which has been pivotal in establishing its position within the Fortune 500. As the company navigates this leadership transition, it remains dedicated to adapting to the evolving needs of its clients and the insurance industry at large. For more information about Old Republic International, visit their website at www.oldrepublic.com.