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.
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes 
PwC Confirms Cybersecurity Incident Involving Employee Learning Records 
Florida AG Sues Climate Modeler First Street Over Home Risk Scores 
Binance’s $6.3 Billion Hack: How Crypto Insurance Works From This Issue
