Press Release

Issued by Old Republic Aerospace.

May 1, 2015

Phoenix Aviation Managers, Old Republic's exclusive aviation underwriting unit since 1983 is changing its name to Old Republic Aerospace, Inc.

The purpose of the name change is to better reflect the company's expanded capabilities to the aviation marketplace, while also aligning the its brand identity with that of the Old Republic International Corporation family of companies. While the name is changing, its commitment to excellence is stronger than ever as the company continues forward as Old Republic Aerospace. It will continue to provide premier aviation insurance solutions and develop new products and services all of which demonstrates its unwavering commitment to its insureds, agents, and brokers.

Chicago-based Old Republic International Corporation is one of the nation's 50 largest publicly held insurance organizations. Its most recent financial statements reflect consolidated assets of approximately $17.20 billion and common shareholders' equity of $4.01 billion, or $15.48 per share. Its current stock market valuation is approximately $3.97 billion, or $15.21 per share.

The company is organized as an insurance holding company whose 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 mortgage guaranty and consumer credit indemnity lines has devolved to a run-off operating mode in recent years.