TULSA, Okla. — Old Republic Insured Automotive Services, Inc. (ORIAS), a leading provider of aftermarket products to the automotive industry, is announcing its plan for expansion in the Third Party Administrator (TPA) arena through its insurer, Old Republic Insurance Company.
Old Republic Insurance Company, which has a long history of providing insurance for OEM finance and insurance products, is expanding its presence in the marketplace to include underwriting and compliance support for unaffiliated TPAs seeking an insurance partner.
"Old Republic Insurance Company is our flagship insurer and has successfully delivered a wide array of aftermarket products to automobile dealers and carmakers for many years," Gary Bishop, President of ORIAS, said. "During the last decade, we have provided insurance for several GAP and ancillary product administrators, which has been a rewarding experience for all parties. As a result, Old Republic is well positioned to expand its Vehicle Service Contract relationships beyond the OEM market by partnering with successful third party warranty administrators."
Old Republic Insurance Company is rated A (Excellent) by A.M. Best and provides specialized property and liability insurance products. Old Republic Insured Automotive Services, Inc. is a full service sales and administration company serving the automotive industry since 1974. Old Republic Insurance Company and ORIAS are members of the Old Republic International Corporation group of companies, one of the nation’s 50 largest publicly held insurance organizations.