Old Republic International Corporation acquires Aon Construction Program Group (Special Risk Resources Insurance Agency, Inc. and Special Risk Resources Insurance Agency of New York, Inc.)

Old Republic International Corporation acquired Aon Construction Program Group (Special Risk Resources Insurance Agency, Inc. and Special Risk Resources Insurance Agency of New York, Inc.) for USD 85 million, a transaction announced in November 2006.

Old Republic, through subsidiary Old Republic Insurance Company, bought Aon's Construction Program Group division — including policy renewal rights, related assets, and the in-force portfolio written through Virginia Surety Company — to expand its specialty commercial construction insurance book.

Old Republic, through subsidiary Old Republic Insurance Company, bought Aon's Construction Program Group division — including policy renewal rights, related assets, and the in-force portfolio written through Virginia Surety Company — to expand its specialty commercial construction insurance book.

The purchase price was $85 million in cash. The acquisition closed on November 30, 2006.

Advisory firms were not disclosed for this transaction.

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