Michael B. Skalka named president of Stewart Title Guaranty Co.
HOUSTON (April 27, 2007) – Michael B. Skalka has been elected president of Stewart Title Guaranty Co., the primary underwriter of Stewart Information Services Corp. (NYSE-STC). He will continue as chairman of Stewart’s international group, where he has served since 2005.
Reporting to Skalka will be all Stewart subsidiary underwriting companies, including Stewart Title Insurance Company of Oregon, National Land Title Insurance Co., Arkansas Title Insurance Co., Stewart Title Guaranty de México, the European underwriter Stewart Title Ltd. and Stewart Title Insurance Co. (STIC), the New York underwriter.
Malcolm S. Morris has been elected chairman and chief executive officer of Stewart Title Guaranty Co. and Stewart Morris, Jr. has been elected to the new position of senior chairman.
Skalka joined Stewart in 1988 as founding president of STIC. He also founded Stewart’s United Kingdom underwriter in the early 1990s. He was named STIC chairman in 1993 as well as general counsel of Stewart Title Guaranty Co.
“Mike Skalka has demonstrated outstanding performance from 1993 to 2006 as general counsel and chief legal officer of Stewart Title Guaranty Co. and since 2005 as chairman of our international operations,” said Malcolm S. Morris.
“Mike is a proven leader in our organization demonstrating effective management and proven underwriting skills,” said Stewart Morris Jr. “We are pleased to have the caliber of such an individual as Mike assume the leadership role overseeing the operations of our family of underwriting companies.”
Skalka has 30 years’ experience in the title insurance and real estate industries and served as president of the New York State Land Title Association. Skalka received his B.A. degree from C.W. Post College of Long Island University and his J.D. from Chicago-Kent College of Law.
“I am honored to be given this opportunity, especially as the first person outside of the family to serve as president of Stewart Title Guaranty Co., since the first stock certificate was issued to William Carloss Morris in 1908,” said Skalka. “The trust, support and faith that the Morris family and Stewart management has shown me all these years has been outstanding and greatly appreciated.”
Stewart Information Services Corp. is a customer-oriented, technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,500 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at http://www.stewart.com/.