Provider of insurance products and services, including property and casualty insurance, and title insurance.
Old Republic International Corporation is a diversified insurance underwriting company that operates primarily in the United States and Canada through its subsidiaries. Established in 1923, the company is structured into three main segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.
Under its General Insurance segment, Old Republic offers a broad array of insurance products including automobile extended warranty, commercial property, workers' compensation, and home warranty insurance. It also provides specialized financial indemnity products such as errors and omissions, fidelity, and surety bonds to various industries including transportation, healthcare, energy, and financial services. This segment caters to businesses, governments, and other institutions seeking risk management solutions.
The Title Insurance segment of Old Republic provides lenders' and owners' title insurance policies, leveraging thorough searches of public records. In addition to insurance services, this segment offers escrow closing, construction disbursement services, and a range of real estate information products. Moreover, it delivers national default management services and facilitates real estate transfers and loan transactions.
The Republic Financial Indemnity Group Run-off Business segment specializes in private mortgage insurance coverage. This insurance protects mortgage lenders and investors from losses due to defaults on residential mortgage loans primarily extended to homebuyers. Despite its diverse offerings, Old Republic International Corporation remains headquartered in Chicago, Illinois, and continues to uphold a longstanding commitment to providing comprehensive insurance solutions across its varied segments.