CHICAGO, June 11 /PRNewswire-FirstCall/ -- Old Republic International Corporation (NYSE:ORI) announced today that its title insurance subsidiary, Old Republic National Title Holding Company (ORNTHC), had joined with Attorneys' Title Insurance Fund, Inc. (The Fund) to form a joint underwriting venture, Attorneys' Title Fund Services, LLC (ATFS). The terms of the agreement provide that Old Republic National Title Insurance Company (ORNTIC/Old Republic Title), a wholly-owned subsidiary of ORNTHC, will offer title insurance coverage to The Fund's existing agency network, while ATFS will act as ORNTIC's Managing Title Agent (MTA) for those agents. Under this arrangement, ATFS will provide The Fund's network of 6000 real estate attorney members underwriting, claims processing, educational and property information services. In reaching this agreement, both The Fund and Old Republic Title are fulfilling their mission, as each company emphasizes the importance of the title insurance industry's independent agency system. For the latest five-year period, The Fund's annual agency premium production has averaged approximately $385 million. In 2008, 80% of ORNTIC's national title premium volume came from independent agents.
About The Old Republic Title Insurance Group (ORTIG): ORTIG is comprised of Old Republic National Title Insurance Company, American Guaranty Title Insurance Company, and Mississippi Valley Title Insurance Company. It is one of the nation's largest title insurance groups, operating in 49 states, the District of Columbia, and Puerto Rico through a network of Company-owned offices, subsidiaries, authorized agents and approved attorneys.
ORTIG is committed to being the most financially stable title insurance group in the industry. Since 1992, it has been the highest rated title insurance group in the nation. No group has equaled ORTIG's consistently high ratings. These ratings reflect the Group's consolidated operating performance and strategic relationship with its parent company, and its excellent capitalization, superior liquidity, sound investment strategy, reserve adequacy and market position.
About Old Republic International Corporation Chicago-based Old Republic International Corporation is an insurance holding company whose subsidiaries market, underwrite and provide risk management services for a wide variety of coverages primarily in the property and liability, mortgage guaranty, and title insurance fields. One of the nation's 50 largest publicly owned insurance organizations, ORI has assets of approximately $13.2 billion and shareholders' equity of $3.6 billion or $15.47 per share as of the end of this year's first quarter. Its market valuation, as of June 10, 2009, was approximately $2.3 billion, or $9.89 per share.
For more information about the Old Republic Title Insurance Group, visit us at: http://www.oldrepublictitle.com/.
For the latest news releases and other corporate documents on Old Republic International visit http://www.oldrepublic.com/. DATASOURCE: Old Republic International Corporation CONTACT: A.C. Zucaro, Chairman & CEO of Old Republic, +1-312-346-8100; or Jodi Fredericksen of Old Republic Title, +1-612-336-7109; or Analysts/Investors, Leslie Loyet of Financial Relations Board, +1-312-640-6672, , for Old Republic International Corporation Web Site: http://www.oldrepublic.com/ http://www.oldrepublictitle.com/
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