logo
Share SHARE
FONT-SIZE Plus   Neg

Old Republic Combines Mortgage Guaranty, Consumer Credit Indemnity Businesses

Old Republic International Corp. (ORI) announced it is combining its Consumer Credit Indemnity or CCI division with its Mortgage Guaranty or MI segment.

The two operations offer similar insurance coverages, share the same senior management leadership, and have been operating in run-off mode since 2008 and August 2011, respectively.

The company said that, with this action, the Old Republic Mortgage Guaranty Group or ORMGG has been re-named the Republic Financial Indemnity Group, Inc. or RFIG.

The company noted that RFIG will include a credit indemnity insurer, three existing mortgage insurers, and four related services entities, all of which will be separately held.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walmart Stores Inc. announced Monday the expansion of its online grocery delivery service to two more markets, Dallas and Orlando. The deliveries will be made through a partnership with Uber. Volkswagen AG's all electric Microbus might be available in market by 2022. As per the plan it would be available first in California. Microsoft Corp. has unveiled a new Minecraft limited edition version of the Xbox One S console during its Gamescom press conference in Germany. The pixelated device comes with 1TB of storage. It includes a custom designed grass block console, Xbox Wireless Controller - Minecraft Creeper, Minecraft system sounds, vertical stand and transparent underside with Redstone circuit accents.
comments powered by Disqus
Follow RTT