Old Republic International Corporation (NYSE:ORI) – today announced the launch of Lodestar Claims & Risk Services, Inc. ("Lodestar") as an independent brand and standalone operating company within Old Republic, marking the first time in more than 30 years that the organization's third-party administrator (TPA) business will operate with its own distinct identity in the marketplace. Previously part of PMA Companies, the business operated as the insurance carrier's TPA division.
Lodestar is a top 10 national TPA providing claims administration and risk services to middle-market and large employers, national carriers, and distribution partners across all 50 states. The transition reflects a strategic decision by Old Republic to position its TPA business for continued growth and expanded market visibility, while enabling Lodestar to further strengthen its role as a national provider of claims and risk services and deepen relationships with clients.
Login to comment