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Showing posts from July 12, 2009

A.M. Best Withdraws Ratings of Old Republic General Title Insurance Corporation Due to Merger

A.M. Best Co. has withdrawn the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a+” and assigned an NR-5 (Not Formally Followed) to the FSR and an “nr” to the ICR of Old Republic General Title Insurance Corporation (Old Republic General), a former affiliate of Old Republic National Title Insurance Company (ORNTIC) (Minneapolis, MN). Effective second quarter of 2009, Old Republic General was merged into ORNTIC, which is a member of the Old Republic Title Insurance Group (Minneapolis, MN). The Old Republic Title Insurance Group and its members have an FSR of A (Excellent) and ICRs of “a+”, and the ratings are unchanged. The outlook for the FSR is stable, while the outlook for the ICRs is negative. The FSR and ICRs above apply to Old Republic Title Insurance Group and its following members: American Guaranty Title Insurance CompanyMississippi…