The First American Corporation Announces Promotions and Strategic Hires at First Title, plc
June 27, 2006
SANTA ANA, Calif., and LONDON, /PRNewswire/ -- The First American Corporation (NYSE: FAF), a leading provider of title insurance services internationally, announced several promotions and strategic hires at its wholly owned European title insurance subsidiary, First Title, plc, the United Kingdom's largest provider of title insurance and conveyancing services to investors, lenders, lawyers and estate agents.
"The success and rapid growth of First Title has prompted the expansionof its talented staff and the promotion of several executives within the organization," said Thomas Grifferty, vice president of International Operations for First American. "We are truly pleased with the tremendous progress of our European operations and look forward with enthusiasm to the continued expansion of our products and services in that market."
Phillip Oldcorn, previously European Underwriting director, has been named chief executive officer of First Title Insurance, plc, the principal subsidiary and insurance division of First Title. David Turschwell, previously UK Underwriting director, has been promoted to European Underwriting director for First Title Insurance. David Hawkins, formerly a director of leading global insurance broker Willis UK, joins First Title as managing director. Martin Loos, previously of global financial services company ING, has been named First Title's European Sales director, and Michael Wright, formerly of Alliance & Leicester bank, has been hired as UK Sales director.
In the last financial year, First Title has expanded its services into numerous European countries through the launch of several new subsidiaries including, First Title CEE a subsidiary servicing the Czech Republic, Slovakia, Hungary, Bulgaria, Romania and Croatia; First Title Istanbul, which services the Republic of Turkey (http://www.firsttitle.com.tr); and its newest venture, First Title Poland. The addition of these companies builds upon First American's formidable existing capabilities in the UK, France, Italy, Germany, Spain and Ireland (http://www.firstamerican.ie).
With more than 1,700 title employees in Canada, Australia, Europe and Asia, First American continues to grow beyond the United States by adapting its product offerings to meet the regulatory guidelines and land conveyancing policies of international markets.
Souce: The First American Corporation