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Genworth and ORI Feeling Some Pain.
Chicago -- Driven by losses in the mortgage insurance and title insurance segments of its business, Old Republic International Corp. here posted a first-quarter 2008 net loss of $19 million, or $0.08 per share, compared with net income of $107.7 million, or $0.46 per share, for the same period in 2007. Meanwhile, at Genworth Financial Inc., Richmond, Va., the other lines of insurance the parent company writes were enough to overcome losses from its mortgage insurance business, unlike at ORI.
Still profitability was down at Genworth to $116 million, or $0.27 per share, compared with $324 million, or ...
- CGU quits lenders mortgage insurance.(CGU Insurance sells its lenders mortgage...
- Magazine article from: Australian Banking & Finance July 16, 2001 700+ words
CGU INSURANCE HAS SOLD ITS lenders mortgage insurance business to PMI Mortgage Insurance Australia for $107 million. The move would allow CGU to focus on expanding its core insurance business in Australia, according to managing director...
- Promina sells off its mortgage insurance business.
- News wire article from: Australasian Business Intelligence May 31, 2006 700+ words
...Promina has stepped out of the Australian mortgage insurance business. The big insurance group has sold its Vero Lenders Mortgage Insurance business to Genworth. Genworth, one of Australia...
- Managing risk in a changing world: being in the mortgage insurance business is...
- Magazine article from: Mortgage Banking Milner, Mark August 1, 2006 700+ words
...relationship with credit risk. [??] As "chief worry officer" for PMI Mortgage insurance Co., Walnut Creek, California--one of the nation's largest mortgage insurance companies--I spend a lot of time thinking about how to measure...
- GE CAPITAL TO BUY MICC'S RESIDENTIAL MORTGAGE INSURANCE BUSINESS
- Press release article from: PR Newswire April 7, 1994 700+ words
...financial assets of The Mortgage Insurance Company of Canada (MICC) related to MICC's residential mortgage insurance business. The purchase price was...Canada's only private mortgage insurance company, will sell the systems...
- Radian Names Mark Casale President of Mortgage Insurance Business.
- Press release article from: PR Newswire March 1, 2006 700+ words
...Guaranty Inc., its principal mortgage insurance subsidiary. Mr. Casale...continue to lead the company's mortgage insurance business in the United States. Mr...Executive Vice President, Mortgage Insurance. Prior to that, he was...
- Exploring new territory. (private mortgage insurance business)(Market Research...
- Magazine article from: Mortgage Banking Schneider, Howard August 1, 1995 700+ words
...that demand for mortgage insurance has increased because...Francisco's PMI Mortgage Insurance Company (PMI...out of the pool insurance business. * New ways of...and lender-paid mortgage insurance - are being tried...
- Teresa Bryce To Lead Radian Mortgage Insurance Business.
- Press release article from: PR Newswire July 7, 2008 700+ words
...we thank Dave for helping to position our mortgage insurance business to deliver long term profitability." "I am...efforts and progress we have made in Radian's mortgage insurance business in the face of difficult market conditions...
- Radian Comments on Mortgage Insurance Business.
- Press release article from: PR Newswire September 10, 2008 700+ words
...Reiterates Commitment to Mortgage Insurance Business and Maintains Strong Capital...statement on the status of its mortgage insurance (MI) business in light...surplus requirements in our mortgage insurance business in light of on-going...