Chicago-based property/casualty insurer Old Republic International Corp. announced the expansion of its board of directors from 13 to 15 members. While Old Republic said its long-term objective is to gradually reduce the board size, this expansion is now being effected in anticipation that several existing directors will be retiring or not stand for re-election within the next several years.
Charles F. Titterton, 62, and Dennis P. Van Mieghem, 64, were appointed to Old Republic’s board during a regularly scheduled meeting of its board of directors. Titterton’s career has encompassed a tour of duty as a U.S. Navy officer, a 25-year career with a major banking institution where he ultimately became a senior lending officer specializing in the insurance industry, and a 12-year stint with the Standard & Poor’s Corp., from which he retired in 2003 as an insurance group director.
Van Mieghem, retired in 1998 as a partner and director of the national insurance tax practice of the international accounting firm of KPMG. During his 40-year career with that firm, Van Mieghem served a large number of insurance clients in matters of taxation, acquisitions and corporate reorganizations. He co-authored the highly regarded book, Federal Taxation of Insurance Companies.
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