Seems like "forever" but I remember ORI acquired some significant % of equity shares in two mortgage insurers right before the crash/recession started. Does anyone remember who those two companies are? (Did a quick google but did not uncover the names myself.)
Also wonder if ORI still holds on to this investment.
they own both PMI and MTG, I believe 11 million of PMI and similar amount of MTG. I am really shocked that ORI who portends to have a knowldege of the MI business can continue to hold onto those equity positions. Especially PMI which is in absolutely desperate shape for capital. I wonder if it is Aldo's hubris or something else but I find it incredulous based on PMI's balance sheet to want to hold that equity.