Old Republic /
ECM
Old Republic plans to buy ECM and enter specialty farmowners' insurance
Source for the buyer and target: Old Republic International Corporation
For the buyer and target.
“ECM has also entered into the Stock Purchase Agreement with Buyer and Old Republic, which was approved by ECM’s board of directors.”
Published 1 May 2026
Open the sourceWhat happened
Old Republic has a Stock Purchase Agreement to buy ECM, a specialty farmowners' insurance business. The filing is an amendment to a registration statement covering the related plan of conversion. [01]
ECM's board backed the plan because it would give the company more capital and reinsurance capacity, and possible access to Old Republic's A.M. Best "A+" rating. ECM would run as an indirect wholly owned subsidiary and keep its name, headquarters and management team. Eligible Members could buy Old Republic stock at a discount of between 30% and 35% to market, and a charitable foundation with $5 million of capital would be set up for the farming community. [01]
The purchase price depends on an independent appraisal of ECM's estimated pro forma market value. No dollar figure is given. [01]
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Old Republic plans to buy ECM and enter specialty farmowners' insurance
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Published by Old Republic International Corporation
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