Old Republic Combines Mortgage Guaranty, Consumer Credit Indemnity Businesses

Posted by Orb Staff on March 22, 2012 No Comments
Categories : Residential Mortgage

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.

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