logo
Share SHARE
FONT-SIZE Plus   Neg

Old Republic Combines Mortgage Guaranty, Consumer Credit Indemnity Businesses

Old Republic International Corp. (ORI: Quote) 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
Gas explosion in Fresno in California injured 11 people on Friday afternoon. Pacific Gas and Electric Co. (PG&E) said workers who are not affiliated with the company have struck a 12-inch natural gas transmission pipeline and the gas leaked was ignited due to the dig-in. Verizon Communications' FiOS TV service has modified its programming bundles and will now offer new packages so that users can subscribe only for channels they prefer to watch. Instagram, the photo sharing app owned by Facebook, has updated its community guidelines to disallow nudity and harassment in uploaded photos and pictures, as well as cyber bullying.
comments powered by Disqus
RELATED NEWS
Trade ORI now with 
Follow RTT