The “AA” counterparty credit and FSR on the interactively rated p/c units of the Old Republic General Insurance Group (ORG) was affirmed by S&P. A stock buyback program spearheaded by ORG’s parent, insurance holding company Old Republic International Corp., and supported by ORG dividends will lower ORG’s capital score, but S&P indicated that score would stay in the “AAA” range for the foreseeable future. The outlook is negative.
Was this article valuable?
Here are more articles you may enjoy.
Uninsurable Future: Managing the Climate-Change-Fueled Home Insurance Crisis 
Two Past Hurricanes, OIR Data Give Idea of What to Expect From Isaias in Florida 
AI Bubble Risks Worst S&P 500 Crash Since 2008, Strategist Says 
Agency Network SIAA Acquires MGA Canopy Specialty Insurance From This Issue
