Old Republic Professional announced that Doug Wordekemper will become its chief executive officer effective March 23, 2026. Wordekemper brings more than 25 years of experience in financial‑lines underwriting, most recently serving as Head of Wholesale Financial Lines for a global specialist insurer.
Frank Kastelic, the current president of Old Republic Professional, will transition to the role of president of Public Directors & Officers (D&O), the company’s largest segment, and will report to Wordekemper. The shift allows Wordekemper to focus on growth strategy and portfolio management while Kastelic continues to lead the core D&O business.
The appointment follows a recent earnings miss by the parent company, Old Republic International, which reported fourth‑quarter 2025 earnings per share of $0.74 versus analyst expectations of $0.87, though revenue beat expectations. The move signals management’s intent to reinforce underwriting discipline and capital allocation amid a competitive specialty‑insurance landscape.
Old Republic Professional specializes in Management and Professional Liability, including D&O, Employment Practices Liability, and Fiduciary coverage, and insures a significant portion of technology, biotechnology, and life‑science firms, many of which are NASDAQ 100 companies. Wordekemper’s background in financial‑lines underwriting is expected to strengthen underwriting discipline and support disciplined growth across the portfolio.
Craig Smiddy, president and CEO of Old Republic International, said, “Doug has a long track record of disciplined underwriting, thoughtful portfolio management, and partnership with brokers and clients. He has led his teams through growth and change with a people‑first leadership style that aligns well with our culture.” Smiddy emphasized that Wordekemper’s leadership will help sustain the company’s long‑term focus on disciplined underwriting and prudent capital allocation.
The leadership change is expected to provide continuity for existing clients and partners while positioning Old Republic Professional for future growth in its specialty insurance portfolio, reinforcing the company’s commitment to disciplined underwriting and capital allocation.
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