Old Republic Combines Mortgage Guaranty, Consumer Credit Indemnity Businesses

Old Republic International Corp. says it is combining its Consumer Credit Indemnity (CCI) division with its Mortgage Guaranty 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.

With this action, the Old Republic Mortgage Guaranty Group (ORMGG) has been re-named the Republic Financial Indemnity Group Inc. (RFIG). RFIG will include a credit indemnity insurer, three existing mortgage insurers, and four related services entities, all of which will be separately held.

LEAVE A REPLY

Please enter your comment!
Please enter your name here