Owl Creek Calls On Old Republic to Unload Title Division (2)

A top-ten investor in Old Republic International Corp. is calling on the insurer to implement measures to improve value for shareholders, including launching a strategic review of its title business.

Owl Creek Asset Management, which owns more than 2% of Old Republic, also called on the the company in a letter to its board Tuesday to implement measures to improve its governance and put in place a share buyback program. While the New York-based investment firm has made its views known to the company, it said Old Republic has been unwilling to explore its proposals.

“We believe that if ...