Old Republic International Corporation
307 North Michigan Avenue, Chicago, IL, 60601, United States
Overview
Old Republic traces its beginnings to 1923, although several acquired subsidiaries began operations much earlier. The Company is one of America’s 50 largest shareholder-owned insurance businesses. It is primarily a commercial lines underwriter serving the insurance needs of a large number of organizations, including many of America’s leading industrial and financial services institutions. Its subsidiaries actively market, underwrite, and provide risk management services for a wide variety of coverages, mostly in the general and title insurance fields. A long-term interest in the mortgage guaranty and consumer credit insurance lines has devolved into a run-off operating mode in recent years. For the beneficiaries of their insurance products and services, Old Republic’s insurance subsidiaries provide quality assurance of the promises they make. For employees, the Company offers an environment of success in which they can pursue personal goals of professional and economic achievement in the context of Old Republic's business objectives.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Financial Services
- Insurance
Investment portfolio
- Companion Protect
Led · Series A · Aug 2023
Companion Protect is a national B2B2C pet insurance and wellness program administrator that leverages its PALS® technology platform to provide fully branded, customized pet insurance and wellness experiences. The company offers white‑label pet health products and administers programs for insurers, retailers, affinity groups, shelters, and other channel partners. It has launched and grown programs for Liberty Mutual, Safeco, and CSAA Insurance Group and recently contracted with another Top 5 insurer to launch a new pet insurance program. Companion Protect closed a $20.25 million Series A extension from its Series A investors following a $27 million Series A in 2023. Proceeds from the extension will fund product and partner expansion and digital innovation to enhance the customer experience. The company is privately held and headquartered in the greater Kansas City area. Companion Protect is a national B2B2C pet insurance and pet wellness program administrator headquartered in the greater Kansas City area (Leawood, Kan.). The company leverages its PALS® platform to provide insurers and pet owners with a seamless, user-friendly pet insurance and wellness experience. It runs programs for property and casualty insurers, employee benefits providers, retail channels, affinity partners, and animal welfare organizations. Companion Protect has launched pet insurance programs for Liberty Mutual, Safeco, and CSAA Insurance Group and is building programs for animal shelters, rescues, and shelter software providers. Several additional program launches are slated for late-2023 and beyond across retail, employee benefits, and traditional property and casualty channels. The company is privately held and intends to use new capital to fund product and partner expansion and digital innovation in claims processing to enhance the customer experience.