Old Republic International

Old Republic Title and CertifID Sign Agreement to Combat Mortgage Payoff Fraud

Retrieved on: 
Thursday, April 18, 2024
Technology, Construction & Property, Insurance, Finance, Security, Fintech, Banking, Professional Services, Other Construction & Property, Residential Building & Real Estate, American Land Title Association, Risk, Old Republic International, FBI, Software, ALTA, Fraud, Organization, Cryptocurrency

CertifID, a leading wire fraud protection company, today announced a new strategic agreement with Old Republic Title to prevent mortgage payoff fraud in the title industry.

Key Points: 
  • CertifID, a leading wire fraud protection company, today announced a new strategic agreement with Old Republic Title to prevent mortgage payoff fraud in the title industry.
  • Fraud has become an increasing source of loss in the real estate sector, reaching $446M in a recent FBI public service announcement .
  • The new package offered by Old Republic Title and CertifID is designed to address this significant source of loss risk.
  • “Old Republic Title continues to focus on innovation to enable the success of our direct and agency operations,” said Carolyn Monroe, President and CEO of Old Republic National Title Holding Company.

OLD REPUBLIC INTERNATIONAL ANNOUNCES FIRST QUARTER 2024 EARNINGS CALL

Retrieved on: 
Thursday, April 11, 2024
Old Republic International, Old Republic

CHICAGO, April 11, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the first quarter of 2024 before the market opens on Thursday, April 25, and will hold a conference call at 3:00 p.m. Eastern time to discuss results.

Key Points: 
  • CHICAGO, April 11, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the first quarter of 2024 before the market opens on Thursday, April 25, and will hold a conference call at 3:00 p.m. Eastern time to discuss results.
  • The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 1-888-510-2411, passcode 4060501.
  • Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4060501, which will be available through May 2, 2024.
  • The replay will also be available on Old Republic's website.

AM Best Affirms Credit Ratings of Subsidiaries of Old Republic International Corporation; Revises Outlook to Positive for Old Republic Life Insurance Company

Retrieved on: 
Friday, April 5, 2024
Insurance, Professional Services, Old Republic International, ERM, FSR, AM Best, Superior, Credit, Good

At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Old Republic Insurance Company of Canada (Old Republic Canada) (Hamilton, Ontario).

Key Points: 
  • At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Old Republic Insurance Company of Canada (Old Republic Canada) (Hamilton, Ontario).
  • (See below for a detailed listing of the companies and ratings for the members of Old Republic.)
  • Old Republic is the flagship group for the Old Republic Insurance enterprise and one of the top 50 property/casualty insurers in the United States.
  • The ratings of Old Republic Canada also reflect its strategic importance within the Old Republic enterprise.

OLD REPUBLIC ANNOUNCES SENIOR MANAGEMENT CHANGES AT OLD REPUBLIC AEROSPACE

Retrieved on: 
Monday, April 1, 2024
Old Republic International, EVP, Temple University, Aviation, CPCU, MBA, American International Group, Rutgers University, Western Michigan University, University of Michigan, Management

CHICAGO, April 1, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced changes within the senior management ranks of Old Republic Aerospace.

Key Points: 
  • CHICAGO, April 1, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced changes within the senior management ranks of Old Republic Aerospace.
  • Old Republic Aerospace has named Gary Churchill (49) as President/Chief Operating Officer and Jeffrey Moitozo (56) as Executive Vice President/Chief Underwriting Officer, effective immediately.
  • In making this announcement, Craig R. Smiddy, Old Republic International's President and Chief Executive Officer, noted, "Both Gary and Jeff are talented leaders at Old Republic Aerospace and we congratulate them on their respective accomplishments over the years.
  • Gary Churchill joined Old Republic in 2009 after having served in various underwriting and management roles of increasing responsibility at USAIG and Travelers Aviation.

OLD REPUBLIC ANNOUNCES THE ADDITION OF THERACE M. RISCH TO THE BOARD OF DIRECTORS

Retrieved on: 
Monday, March 18, 2024
Old Republic International, Audit, Digital, Executive, American Electric Power, Insurance, Country Financial, Management

CHICAGO, March 18, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced Therace M. Risch (51) has joined its Board of Directors as of March 18, 2024.

Key Points: 
  • CHICAGO, March 18, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced Therace M. Risch (51) has joined its Board of Directors as of March 18, 2024.
  • She has concurrently been appointed to the Board's Audit and Governance and Nominating Committees, as well as to the Directorship of ORI's major regulated insurance company subsidiaries.
  • Including Therace Risch, ORI has added six new, highly qualified individuals to ORI and its major regulated insurance company subsidiaries' Boards of Directors in the last 5 years.
  • ORI continues to make significant progress to provide greater diversity of talents, professions, and other backgrounds to the Board.

OLD REPUBLIC INTERNATIONAL ANNOUNCES FOURTH QUARTER 2023 EARNINGS CALL

Retrieved on: 
Thursday, January 11, 2024
Old Republic, Old Republic International

CHICAGO, Jan. 11, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the fourth quarter of 2023 before the market opens on Thursday, January 25, and will hold a conference call at 3:00 p.m. Eastern time to discuss results.

Key Points: 
  • CHICAGO, Jan. 11, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the fourth quarter of 2023 before the market opens on Thursday, January 25, and will hold a conference call at 3:00 p.m. Eastern time to discuss results.
  • The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 1-888-510-2411, passcode 4060501.
  • Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4060501, which will be available through February 1, 2024.
  • The replay will also be available on Old Republic's website.

Arch MI to Acquire RMIC Companies, Inc.

Retrieved on: 
Monday, November 13, 2023
Professional Services, Other Construction & Property, Residential Building & Real Estate, Insurance, Finance, Construction & Property, Banking, Arch, Jefferies Group, Risk, Old Republic International, Arch Capital Group

Arch U.S. MI Holdings (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., today announced it has entered into a definitive agreement to acquire RMIC Companies, Inc. (RMIC) and its subsidiaries that together comprise the run-off mortgage insurance business of Old Republic International Corporation.

Key Points: 
  • Arch U.S. MI Holdings (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., today announced it has entered into a definitive agreement to acquire RMIC Companies, Inc. (RMIC) and its subsidiaries that together comprise the run-off mortgage insurance business of Old Republic International Corporation.
  • Once the transaction is closed, RMIC’s $1 billion risk in force (RIF) portfolio will be integrated into Arch MI’s existing U.S. primary mortgage portfolio, which had a RIF of $75.9 billion at Sept. 30, 2023.
  • “Our ability to leverage the scale of our platform to gain significant expense and capital synergies makes this an attractive financial transaction for Arch,” said David Gansberg, Chief Executive Officer of Arch’s Global Mortgage Group.
  • Jefferies LLC served as Arch’s financial advisor and Eversheds Sutherland served as Arch’s legal advisor.

OLD REPUBLIC INTERNATIONAL ANNOUNCES THIRD QUARTER 2023 EARNINGS CALL

Retrieved on: 
Thursday, October 12, 2023
Old Republic International, Old Republic, NYSE

CHICAGO, Oct. 12, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the third quarter of 2023 before the market opens on Thursday, October 26, and will hold a conference call at 3:00 p.m. Eastern time to discuss results.

Key Points: 
  • CHICAGO, Oct. 12, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the third quarter of 2023 before the market opens on Thursday, October 26, and will hold a conference call at 3:00 p.m. Eastern time to discuss results.
  • The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 1-888-510-2411, passcode 4060501.
  • Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4060501, which will be available through November 2, 2023.
  • The replay will also be available on Old Republic's website.

OLD REPUBLIC ANNOUNCES FORMATION OF A NEW ACCIDENT & HEALTH COMPANY

Retrieved on: 
Monday, September 18, 2023
Society, Crum, Stop loss, Appetite, Swiss Re, Old Republic International, Society of Actuaries, Three Mile Island accident health effects, Fairfax Financial, ORI, FSA, NYSE, Accident, Insurance, Old Republic

CHICAGO, Sept. 18, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced that it is forming a new underwriting subsidiary to provide Accident & Health insurance products.

Key Points: 
  • CHICAGO, Sept. 18, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced that it is forming a new underwriting subsidiary to provide Accident & Health insurance products.
  • The new company, Old Republic Accident & Health, Inc., will focus on providing specialized coverages such as employers stop loss and will be led by Gary Nidds as President.
  • We look forward to leveraging Gary's experience and leadership with the Old Republic brand, resources and financial strength."
  • Old Republic Accident & Health will be the sixth new company that Old Republic has launched in the last eight years, adding to the depth and talent of the Old Republic General Insurance Group.

Companion Protect, National Pet Insurance Administrator, Announces Completion of a $27M Series A Financing Led by Experienced FinTech and Strategic Investors

Retrieved on: 
Friday, August 25, 2023
Software, Insurance, Internet, Pets, Professional Services, Technology, Consumer, Other Technology, Fintech, Liberty Mutual, Venture, Old Republic International, Companion, Pet, Financial services, Pet industry, Safeco

Companion Protect®, a Kansas City-based pet insurance and pet wellness administration company, today announced it has raised $27 million in its Series A financing round from a group of experienced FinTech and strategic investors led by Avanta Ventures, Liberty Mutual Insurance, Old Republic International Corporation, as well as Stray Dog Enterprises.

Key Points: 
  • Companion Protect®, a Kansas City-based pet insurance and pet wellness administration company, today announced it has raised $27 million in its Series A financing round from a group of experienced FinTech and strategic investors led by Avanta Ventures, Liberty Mutual Insurance, Old Republic International Corporation, as well as Stray Dog Enterprises.
  • Companion Protect is a national B2B2C pet insurance and pet wellness program administrator that leverages its innovative PALS® platform to provide insurers and pet owners with a seamless, user-friendly pet insurance and wellness experience.
  • Companion Protect has achieved recent success, launching pet insurance programs for leading personal lines insurance companies including Liberty Mutual, Safeco, and CSAA Insurance Group, and building a pet insurance program for animal shelters, rescues, and animal shelter software providers.
  • The products work great for pet parents, but the distribution model is severely broken,” said Chuck Laue, founder and CEO of Companion Protect.