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
They say there's plenty of fish in the sea, but very few of them are as wealthy as these tycoons. May be they have been so busy building their empires they never had the time to stick with a perfect partner to build their family. This list of the richest singles is assorted — from a 34 year-old... Anthony Levandowski, the head of Uber's self-driving division, is stepping away from his role as Uber continues a legal battle with Waymo, Levandowski's former employer. Levandowski, who founded startup Otto, became head of Uber's Advanced Technologies Group or ATG after Otto was acquired by Uber in August 2016. Southwest Airlines Co. has decided to end the practice of overbooking flights, the airline's CEO Gary Kelly said Thursday. The airline's plan to end overbooking could be implemented from May 8, according to a Southwest spokeswoman.
comments powered by Disqus
RELATED NEWS
Trade ORI now with 
Follow RTT