Old Republic International Corp., the Chicago-based insurer, provides commercial liability coverage of as much as $5 million for each of Uber Technologies Inc.'s self-driving vehicles.
Old Republic International played down the possibility of a liquidity crisis and said it was unlikely regulators would seize its money-losing mortgage insurance business, after the company abandoned plans to spin off the unit.
Old Republic International played down the possibility of a liquidity crisis and said it was unlikely regulators would seize its money-losing mortgage insurance business, after the company abandoned plans to spin off the unit.
Old Republic International Corp.s decision last week to spin-off its troubled mortgage-insurance business received positive reviews from analysts and rating agencies.
Fitch Ratings has placed Old Republic International Corporation's (ORI) A insurer financial strength rating and BBB issuer default rating on Rating Watch Negative due to continued troubles at its mortgage-insurance subsidiary.
Fitch Ratings affirmed the A insurer financial strength ratings of Old Republic International Corp.s insurance subsidiaries and removed the company from Rating Watch Negative, as the rating agency says it does not anticipate that the runoff of ORIs mortgage insurance subsidiary will have a significant adverse impact on capital and...
Fitch Ratings affirmed the A insurer financial strength ratings of Old Republic International Corp.s insurance subsidiaries and removed the company from Rating Watch Negative, as the rating agency says it does not anticipate that the runoff of ORIs mortgage insurance subsidiary will have a significant adverse impact on capital and...