Old Republic Title has acquired iMarc, Inc., (dba) E-Closing, a software applications and systems development company that provides cloud-based title and closing software for small and mid-size title insurance agencies.
Headquartered in Pembroke, NH, E-Closing has more than 1,500 customers in more than 30 states and is rapidly growing. E-Closing is led by Marc Hall, who has been appointed President of iMarc, Inc. Hall joined E-Closing in 2006. He reports to Marc Rittenhouse, Senior Vice President of Old Republic National Title Insurance Company and Director of Corporate Enterprise Solutions.
“We are excited to welcome our friends at E-Closing to the Old Republic Title family and look forward to E-Closing expanding its national footprint as a result of this acquisition,” says Mark Bilbrey, President, Old Republic National Title Holding Company.
Old Republic Title is comprised of a multitude of title and related services companies, including one of the largest title insurers in the United States. Its underwriters are Old Republic National Title Insurance Company, formed in 1907, and American Guaranty Title Insurance Company, dating back to 1899.
Chicago-based Old Republic International Corporation is one of the nation's 50 largest publicly held insurance organizations. It is a member of the Fortune 500 listing of America's largest companies. Its most recent financial statements reflect consolidated assets of approximately $19.45 billion and common shareholders' equity of $5.10 billion, or $17.08 per share. Its current stock market valuation is approximately $6.17 billion, or $20.43 per share.