American Land Title Association
Print Friendly
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Industry News

A.M. Best Affirms Ratings of Old Republic Title Insurance Group and Its Members; Revises Outlook to Negative

June 25, 2008

OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Old Republic Title Insurance Group and its members (Minneapolis, MN). The outlook has been revised to negative from stable. (See below for a detailed listing of the companies and ratings.)

The affirmation of the ratings reflects the group’s strong capitalization and the benefit it has received from the financial support of its publicly traded parent, Old Republic International Corporation (Old Republic) (NYSE: ORI) (Chicago, IL), which had $13.2 billion in total assets and $4.4 billion in shareholders’ equity as of March 31, 2008. Old Republic’s balance sheet maintains low financial leverage.

The revised outlook primarily is based on the uncertainties associated with the significant adverse impact on Old Republic's mortgage guaranty operations as a result of the ongoing downturn in the housing and related mortgage finance markets.

The positive rating factors are derived from the group’s moderate underwriting leverage, conservative reserving practices and commitment to technology advancement. These positive rating factors are partially offset by the ongoing down cycle in the real estate market. The group faces challenges in controlling expenses and managing earnings and revenue volatility due to the current weakness in the housing market as the demand for title insurance products is largely derived from transactions in residential real estate.

However, the group’s title premium is nationally diversified, which somewhat limits volatility to regional fluctuations in real estate markets. Moreover, approximately two-thirds of the group’s premium is generated through independent agents. This enables the group to potentially better manage down cycles as fixed costs are generally lower for that distribution channel.

The FSR of A+ (Superior) and ICRs of “aa-” have been affirmed for Old Republic Title Insurance Group and its following members:

  • American Guaranty Title Insurance Company
  • Mississippi Valley Title Insurance Company
  • Old Republic General Title Insurance Corporation
  • Old Republic National Title Insurance Company

For Best’s Ratings, an overview of the rating process and rating methodologies, please visit

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2016 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment