Old Republic International Corporation has announced the formation of a new underwriting subsidiary, Old Republic Cyber, Inc., which will offer cyber and technology errors and omissions (E&O) insurance products. The company will be led by CJ Pruzinsky, President, and Kevin McGowan, Executive Vice President and Chief Underwriting Officer. Both executives bring significant experience in the cyber insurance industry, with 18 and 15 years of experience, respectively. Old Republic Cyber will focus on providing specialized coverage for cyber and technology-related risks. The new subsidiary is part of Old Republic’s strategy to diversify and strengthen its underwriting capabilities, having launched seven specialty companies in the past nine years. The move is expected to benefit from the company’s brand, resources, and financial strength.
