Republic Mortgage Insurance Company protects lenders across the United States from losses due to defaults on first mortgages for single-family residential properties. Since our beginning in 1972, customers have been our top priority. All of us at RMIC strongly believe in providing mortgage insurance services supported by outstanding customer service with a personal touch.
RMIC has more than 2,000 active customers, which is a testament to the quality of our services, product depth and commitment to our partners. The company is managed by the Office of the Chief Executive Officer (OCEO), led by Chris Nard as President and CEO together with several other senior executives combining multiple professional disciplines.
RMIC is a subsidiary of Old Republic International Corporation (NYSE: ORI). Old Republic traces its beginnings to 1923, although several acquired subsidiaries began operations much earlier. The Company is one of America’s 50 largest shareholder-owned insurance businesses. Its subsidiaries market, underwrite, and provide risk management services for a wide variety of coverages, predominantly in the general (property and liability), mortgage guaranty, and title insurance fields. As part of the Old Republic family, RMIC has adopted ORI's Code of Business Conduct and Ethics and its Code of Ethics for Principal Executive Officers and Senior Financial Officers. The Company is primarily a commercial lines underwriter serving the insurance needs of a large number of customers, including many of America’s leading industrial and financial services institutions.
RMIC’s general operating philosophy is closely attuned to the conservative approach of its parent, in which strong capitalization, concentration on core competencies, a willingness to forego volume in poor markets, and a long term view of the business predominate. We emphasize the values of traditional long term relationships, knowledgeable and professional service, and the maintenance of strong financial ratings.
You can rely on RMIC’s financial strength and long term commitments to honor all just claims quickly and courteously. The Company also maintains a close working relationship with ORI’s flagship carrier, Old Republic Insurance Company (ORINSCO), in delivering consumer credit indemnity products offered since 1954. These products cover certain consumer loan portfolios of lending institutions. RMIC’s and ORINSCO’s financial ratings benefit from their affiliation with their strong parent holding company.
RMIC is a subsidiary of Old Republic International (ORI).