Old Republic Specialty focuses on two segments of the specialty insurance marketplace—Alternative Risks for public entities and nonprofits, and Specialty Programs with program administrators. Our experts average more than 20 years of insurance and reinsurance experience spanning most lines of business. We look to partner with specialists who are committed to providing the highest levels of service and the right products.
Specialized Capabilities
Our Alternative Risks and Specialty Programs capabilities are broad and deep, including:
Alternative Risks
Excess of loss coverage, which includes auto liability, general liability, law enforcement liability, public officials and school board liability, including employment practices, miscellaneous professional liability, property, crime, and workers' compensation. We provide insurance (admitted and non-admitted) and reinsurance risk transfer products to meet the unique needs of this segment. Our clients are self-insurers on a single risk basis, pools, trusts, captives, and risk retention groups.
Specialty Programs
Admitted and non-admitted capabilities. Admitted in all 50 states with ISO standard lines of business, including property, general liability, inland marine, auto, crime, umbrella, and workers' compensation. We have staff experienced with customized products for programs serving specific niches.
Flexible Approach
We take a flexible approach in getting to know our clients' businesses and crafting the best solutions to meet their unique needs.
Alternative Risks
Our team of professionals has an extensive background in public entity and nonprofit business and understands that each entity has its own unique set of exposures. We work closely with producers who specialize in this segment to craft the appropriate coverage to meet the needs of each client. Claims will be coordinated with our dedicated claims team and the client's TPA.
Specialty Programs
We create partnerships intended to endure the insurance cycle and produce positive, long-term results. Our partners have deep knowledge in their niche and are capable of underwriting, rating, billing, and policy issuance that enhances the program administrator's business. Our flexible approach allows us to deploy our policy systems or take an electronic interface. We focus on multiline business and offer an unbundled services model through TPAs experienced in the class and program or we can bundle claims management through our affiliated TPA.
Insurance contracts are underwritten and issued by one or more of the following: Pennsylvania Manufacturers’ Association Insurance Company; Manufacturers Alliance Insurance Company; Pennsylvania Manufacturers Indemnity Company, rated A+ (Superior) XV by AM Best and A2 Stable by Moody’s. Rating determinations made by rating agencies are subject to change from time to time. While the Company attempts to show accurate information, it cannot assure the timeliness of ratings referred to herein and assumes no obligation to monitor the ratings actions of any rating agency. AM Best ratings as of April 21, 2021; Standard & Poor's as of November 17, 2020; Moody's as of October 13, 2020. A+ (Superior) and A (Excellent) ratings from AM Best represent the 2nd and 3rd highest ratings, respectively, among 13 rating categories. An A2 rating from Moody's (Highest Quality) represents the 6th highest rating among 21 rating categories and an A+ (Strong) from Standard & Poor's represents the 5th highest rating among 20 rating categories.
