Stewart Title consolidates New York operations under single entity
Stewart
Title
Insurance
Co.
has
merged
with
its
affiliate
Stewart
Title
Guaranty
Co.
and
will
now
operate
in
New
York
under
the
latter’s
name.
Company
leaders
said
the
internal
consolidation
is
intended
to
unify
Stewart’s
operations
under
a
single
underwriting
entity
in
New
York
—
with
the
goal
of
enhancing
underwriting
capacity
and
financial
backing
for
transactions
in
the
state.
“Operating
as
STGC
in
New
York
will
allow
us
to
better
serve
our
New
York
customers
by
accessing
all
of
our
underwriting
power
and
increased
financial
stability,”
Stewart
CEO
Fred
Eppinger
said
in
a
statement.
“Stewart
is
a
trusted
underwriting
name
in
New
York,
and
this
merger
will
allow
us
to
leverage
the
full
strength
of
our
combined
financial
balance
sheet,
enabling
us
to
more
effectively
and
efficiently
underwrite
transactions
of
all
sizes,
including
significantly
larger
and
more
complex
transactions.”
As
part
of
the
transition,
Stewart
Title
Guaranty
Co.
has
joined
the
Title
Insurance
Rate
Service
Association
and
adopted
New
York
policy
and
endorsement
forms.
This
aligns
Stewart
with
New
York’s
industry
regulatory
framework
and
allows
it
to
streamline
operations
nationwide
under
one
company
name.
“Stewart
is
building
the
Premier
Title
Services
Company,
and
this
merger
is
a
natural
step
as
we
align
with
industry
standards
allowing
us
to
offer
the
same
level
of
service
with
the
added
benefit
of
expanded
capabilities
to
support
our
customers’
needs,”
Eppinger
said.
“Our
commitment
to
delivering
a
seamless
experience
to
our
clients
remains
unchanged
as
all
existing
leadership
and
employees
will
remain
in
place,
ensuring
continuity
and
dedication
to
the
high
standards
our
customers
and
clients
have
come
to
expect
from
us.”
The
company
said
the
merger
reinforces
its
ability
to
manage
both
routine
and
complex
title
insurance
transactions
in
New
York
and
across
the
U.S.