AmTrust Financial Services to Launch National Title Company
March 3, 2016
AmTrust Financial Services Inc. (AFSI), a New York-based multi-national insurance holding company, has announced plans to enter the title insurance business.
Jason Gordon has been appointed president of AmTrust Title Insurance Co. and will be responsible for all domestic and international operations. AFSI is rated rated “A” (Excellent) by A.M. Best. The company generates more than $6 billion in premiums and has approximately $2.8 billion in surplus capital within its family of companies.
“Never before has the title insurance industry seen a player of this magnitude enter the marketplace with the capacity to insure the largest commercial real estate transactions nationally,” Gordon said.
As part of its rollout, AmTrust Title will begin operations in New York, New Jersey and Texas, with plans to expand into six additional states. The company plans to provide specialized title insurance products in the United Kingdom and Europe through its local partners.
“We have a highly experienced staff of industry veterans to oversee and implement the business plan that has been in development over the last 12 months,” Gordon said. “Between AmTrust Financial’s capacity, rating and an experienced, top-tier title team, we are prepared to insure the largest deals in the real estate industry.”
Previously, Gordon served as senior vice president at Westcor Land Title Insurance Company. Before Westcor, Gordon worked at Fidelity National Title Insurance Company where he was vice president and counsel in the national commercial office in New York City. He also served on the board of directors for Fidelity National Title de Mexico and FNF Title Insurance Company Ltd (Malta).
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