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» Old Republic to Recapitalize Mortgage Insurance Sub, Raise New Funds
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Old Republic to Recapitalize Mortgage Insurance Sub, Raise New Funds
November 15, 2013
George Brooks
It is unclear how much money is needed to recapitalize RMIC, which is currently in a run-off mode, but Old Republic plans to contribute up to $50 million and raise additional funds in the capital markets to resurrect its MI subsidiaries.
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