New group offers the financial strength of one of the largest title insurance underwriters and the support services to grow agency business
HOUSTON (Dec. 23, 2008) – Stewart Title Guaranty Company (STG), a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), today announced the formation of the Agency Services Group to better serve independent title agencies.
Stewart Title recently created a new customer-segment oriented organizational structure to better meet the needs of customers in today’s changing market conditions. The creation of the Agency Services Group within this new organizational structure will allow Stewart to devote an entire team of industry professionals solely dedicated to helping independent title agencies increase revenue, lower costs and work smarter.
“Stewart’s new specialized division of title professionals has a strong understanding of the title business and its challenges with a laser focus on independent title agencies,” said Malcolm S. Morris, co-chief executive officer of Stewart Information Services Corp. “We are receiving a large number of requests for underwriting agreements from independent title agencies that are looking to issue policies from a high-quality underwriter. In today’s uncertain times, it is nice to know that agencies can deliver policies from an underwriter with strong financial backing. Stewart is currently the world’s only major title insurer with an A rating with a stable outlook from Fitch Ratings. We have the best and lowest debt to equity ratio among the three largest title underwriters. Stewart’s statutory policyholders’ surplus is among the largest in the industry and in fact is so large that we could literally double the volume of business written on Stewart without the need for additional surplus.”
“Stewart Title Guaranty’s financial strength and underwriting expertise are the foundation of our new Agency Services Group,” said George Houghton, STG Executive Vice President, Agency Services Group. “The responsiveness and expertise of our industry veterans coupled with services targeted specifically to the needs of title agencies will allow us to help quality agencies not only survive the troubled storms, but also provide their customers with the peace of mind of issuing a title policy backed by a financially-secure, large underwriting capacity and highly rated company. The Agency Services Group will provide a comprehensive support services program for our network of independent title agencies, including Agency Service Manager support, expert underwriting support, efficient claims handling, professional sales and underwriting training and advanced technology solutions.”
“You will find Stewart’s Agency Services Group to be among the best in the business, prepared to work with title agencies on a consultative basis to help build their business. We strive to work closely with the best agencies that have a high-quality book of customers that perform the quality work that those customers expect and that have a low claims ratios.” Houghton continued.
To become a Stewart agency and begin working with one of Stewart’s highly-trained Agency Services Managers, e-mail firstname.lastname@example.org or to find out more, visit http://www.stewart.com/agencyservices.
Stewart Title Guaranty Company is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-driven, technology-enabled, strategically competitive, real estate information, title insurance and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries throughout offices 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 www.stewart.com.