Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Old Republic Combines Mortgage Guaranty, Consumer Credit Indemnity Businesses

RELATED NEWS
Trade ORI now with 

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.

Click here to receive FREE breaking news email alerts for Old Republic International and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After turning in a lackluster performance for much of the session, stocks managed to end Wednesday's trading mostly higher. The gains lifted the Dow and the S&P 500 to new record closing highs, while the Nasdaq reached its best levels since 2000. Half of Americans agree with the changes to immigration policy announced by President Barack Obama last week, according to a CNN/ORC poll, although a majority opposes using executive orders to implement those policies. While Mitt Romney has said he has no plans to run for president again, the results of a Quinnipiac University national poll released Wednesday show the former Massachusetts Governor leading a group of potential Republican presidential candidates.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.