Stewart Title® Celebrates 120 Magnificent Years
City of Houston Proclaims October 16th as Stewart Title Day
Houston, Texas (October 16, 2013) –As Stewart Title celebrates its 120th year anniversary with affiliates across the globe in 2013, the City of Houston is proclaiming October 16, as Stewart Title Day in the City of Houston. A proclamation will be made by Mayor Pro-Tem, Ed Gonzalez to Matt Morris, Chief Executive Officer, Stewart Information Services Corp. The milestone anniversary demonstrates the strength of the company on a national level, as well as within local communities across the country.
A celebration is planned for the evening of October 16, 2013, at Stewart’s headquarters. Guests of honor are Matt Morris; Stewart Morris, Sr., senior adviser to the board; Stewart Morris, Jr., vice chairman to the board; and Vice Chairman Malcolm S. Morris.
Founded in Galveston, TX in 1893, Stewart Title is now led by Matt Morris, the great-great nephew of founder, Maco Stewart. The anniversary year kicked off in January 2013 with recognition as a Texas Treasure at the State Capitol, and will continue throughout the remainder of the year.
“The longevity and strength of Stewart Title is a testament to those who have worked tirelessly to expand and pursue the vision of our founders,” said Matt Morris. “We’ve thrived since our beginnings in Galveston in 1893, and are now providing real estate services around the world. We are grateful to have learned from more than 100 years of history and from that platform, we are well positioned to offer the highest-quality customer service throughout the country and around the world for the next 100 years.”
Founder Maco Stewart, son of Texas Constitutional Convention member and eminent jurist and legislator Judge William H. Stewart, founded the company with his purchase of the Gulf City Abstract Company. Stewart Title Guaranty Company was incorporated in 1908 based on foundation records from Gulf City Abstract.
Beginning in 1910, Stewart Title Guaranty Company and its subsidiary, Stewart Title Company (formerly Stewart Abstract Company), began to expand its office network throughout Texas. The replacement of abstracts with title insurance occurred gradually, finally gaining statewide acceptance in Texas after World War II. By 1960, the company had 180 issuing offices in seven states. Today, Stewart has more than 7,500 policy-issuing offices and agencies offices around the U.S. and the world.
In 1970, Stewart Information Services Corporation (SISCO) was formed to support the company’s expansion and diversification. In 1972, SISCO became a publicly-traded stock on the NASDAQ exchange, and in 1994 Stewart Information Services Corporation was listed on the New York Stock Exchange under ticker symbol STC.
Stewart Title Company is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-focused, global title insurance and real estate services company offering products and services through our direct operations, network of approved agencies and other companies within the Stewart family. Stewart provides these services to homebuyers and sellers; residential and commercial real estate professionals; mortgage lenders and servicers; title agencies and real estate attorneys; home builders; and United States and foreign governments. Stewart also provides loan origination and servicing support; loan review services; loss mitigation; REO asset management; home and personal insurance services; tax-deferred exchanges; and technology to streamline the real estate process. Stewart offers personalized service, industry expertise and customized solutions for virtually any type of real estate transaction, and is the preferred real estate services provider. More information can be found at http://www.stewart.com/news.