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Old Republic creates residual market services company

Old Republic International Corp. is forming a new venture to provide services to residual markets.

The newly formed entity, Old Republic Residual Market Services Inc., will focus on specialized services to various state-assigned risk plans and the National Council on Compensation Insurance's workers compensation insurance plan.

Scott Dahlager was named president of the new business.

Capital requirements will be extended by Old Republic International from internal capital funds, and the operating infrastructure will be provided by the overall resources of Old Republic General Insurance Group Inc.'s subsidiaries.