American Land Title Association
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Title Insurers Form Reinsurance Alliance with Lloyd's of London

June 19, 2012

Five title insurance underwriters have formed a reinsurance alliance with Lloyd's of London, which is AM Best Rated A XV (Excellent), S&P rated A+ (Strong), and Fitch rated A+ (Strong).

The alliance, which is called the American Title Reinsurance Alliance (ATRA), was formed in order to ensure that the participating companies have a secure source of reinsurance for large transactions on favorable terms. The companies participating in ATRA are: Agents National Title Insurance Co., which is based in Columbia, Mo.; Alliant National Title Insurance Co., which is based in Longmont, Co.; Attorneys' Title Guaranty Fund of Colorado, which is based in Denver; CATIC, which is based in Rocky Hill, Conn.; and Security Title Guarantee Corporation of Baltimore, which is based in Baltimore. It is anticipated that other insurers will be joining the alliance, according to Lloyds of London.

The Beazley Syndicate is the lead underwriter at Lloyd's. Three other Lloyd's Syndicates are participating in the coverage. All have an AM Best Rating of A or better.

"We are pleased to have entered into this relationship with Lloyd's,” said Rich Patterson, president of CATIC. “This program enhances our ability to insure large transactions while reducing our exposure to loss. In addition, it allows us to obtain reinsurance on very favorable terms. This will enable us to be more competitive for multi-million dollar transactions."

Richard Tomkins of Integro, an international insurance broker and risk management firm that arranged the program with Lloyd's, said "Lloyd’s has had a long association with reinsuring large ‘family’ title insurers and we are delighted to have provided a long term and cost effective solution for the regional companies. With reinsurance now on a secure footing and favorable limits available, these regional companies will go up against their competition from a strength to strength basis."

Thompson, Flanagan & Company insurance brokers based in Chicago played a pivotal role in bringing the parties together.

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment