CHICAGO, Jan. 24, 2022 /PRNewswire/ -- Old Republic
International Corporation (NYSE: ORI) subsidiary, Old Republic
National Title Insurance Company (Old Republic Title), has acquired
the operating assets of Utah-based
Mountain View Title & Escrow, Inc., (Mountain View) as of
January 21, 2022. The acquisition
adds nine office locations and 86 employees to Old Republic Title's
existing network of direct operations that includes more than 270
branch and subsidiary office locations nationwide.
Mountain View has been serving Utah since 1979 with company founder and
President Michael Hendry at the
helm. Skilled leadership, industry expertise and a commitment to
excellence are among the principles that have helped build the
business into a recognized leader in handling residential and
commercial real estate transactions.
"Mountain View's commitment to serving with integrity and a
genuine concern for customers in each transaction is an important
part of what distinguishes them in the title industry," states
Carolyn Monroe, President, Old
Republic Title. "The company and its staff have a reputation for
exceeding customers' expectations through service excellence and
advanced technology. Those priorities align well with the culture
and standards of Old Republic Title. We are delighted to welcome
Mountain View to the Old Republic family where they will benefit
through their alignment with our Title Group's national network of
operations, underwriting expertise and financial strength. This
significant alignment will not only help Mountain View meet its
strategic objectives, but this significant acquisition also
accelerates Old Republic Title's growth plans in Utah, where commercial development, population
and job growth are contributing to an unprecedented demand for
housing."
Hendry, now holding the title of Vice President, Senior Escrow
Officer and Manager at Old Republic Title, notes, "Our teams look
forward to being part of Old Republic Title's Rocky Mountain
Region. We will continue to serve our customers from our existing
Utah office locations in
Ogden, Layton, Draper, Cedar
City, St. George River Road, St. George Boulevard and
Riverdale, now under the Old
Republic Title name."
About Old Republic
Chicago-based Old Republic International
Corporation is one of the nation's 50 largest shareholder-owned
insurance businesses. It is a member of the Fortune 500
listing of America's largest companies. The Company is organized as
an insurance holding company whose subsidiaries actively market,
underwrite, and provide risk management services for a wide variety
of coverages mostly in the general and title insurance fields. Old
Republic's general insurance business ranks among the nation's 50
largest, while its title insurance operations are the third largest
in its industry.
For Old Republic's latest news releases and
other corporate documents:
Please visit us at
www.oldrepublic.com
Alternatively, please write or call: Investor
Relations
Old Republic International
Corporation
307 North Michigan Avenue, Chicago, IL 60601
(312)
346-8100
At Old
Republic:
|
At Financial
Relations Board:
|
|
|
Craig R. Smiddy,
President and CEO
|
Analysts/Investors:
Joe Calabrese 212/827-3772
|
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SOURCE Old Republic International Corporation