Old Republic announces that its subsidiary, Old Republic National Title Insurance Company, has acquired the operating assets of Mountain View Title & Escrow, Inc.
CHICAGO, January 24, 2022 /PRNewswire/ — International Society of the Old Republic (NYSE: ORI), subsidiary Old Republic National Title Insurance Company (Old Republic Title), has acquired the operating assets of Utahto Mountain View Title & Escrow, Inc., (Mountain View) effective January 21, 2022. The acquisition adds nine offices and 86 employees to Old Republic Title’s existing direct operations network of more than 270 branches and subsidiaries nationwide.
Mountain View served Utah since 1979 with the founder and president of the company Michael Hendry at the bar. Skilled leadership, industry expertise and a commitment to excellence are among the principles that have helped make the company a recognized leader in processing residential and commercial real estate transactions.
“Mountain View’s commitment to serving with integrity and genuine concern for customers in every transaction is an important part of what sets them apart in the title industry,” says Caroline Monroe, President, Title of the Old Republic. “The company and its staff have a reputation for exceeding customer expectations through service excellence and cutting-edge technology. These 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 the national network of operations, underwriting expertise and financial strength of our securities group. This important alignment will not only help Mountain View achieve its strategic goals, but this significant acquisition also accelerates Old Republic Title’s growth plans by Utahwhere commercial development, population and employment growth are contributing to unprecedented housing demand.”
Hendry, who now holds the title of Vice President, Chief Escrow Officer and Director at Old Republic Title, notes, “Our teams are looking forward to being part of the Rocky Mountain region of Old Republic Title. We will continue to serve our customers from our Utah office locations in Ogden, layton, draper, Cedar CitySt. George River Road, St. George Boulevard and Riverdalenow as the Old Republic Title.”
About the Old Republic
ChicagoOld Republic International Corporation, based in New York, is one of the 50 largest shareholder-owned insurance companies in the country. He is a member of the fortune 500 list of the largest American 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, primarily in the areas of general insurance and title insurance. Old Republic’s general insurance business ranks among the 50 largest in the nation, while its title insurance operations are the third largest in its industry.
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SOURCE Old Republic International Corporation