Realogy, Centerbridge Launch Underwriting Joint Venture
March 31, 2022
Title Resources Guaranty Company (TRG) received approval from the Texas Department of Insurance to form and fund its previously announced title underwriting joint venture with Centerbridge Partners and Realogy Holdings Corp.
As part of the transaction the stock of TRG, which conducts underwriting operations, is being contributed to a new holding company that will be jointly owned by the joint venture partners. Realogy will retain its title agencies in its Realogy Title Group division.
TRG will continue to be led by Scott McCall, president and CEO, a role he has served in since 2009.
"Title Resources Group has grown through our dedication to providing knowledgeable and responsive underwriting solutions to support our network of title insurance agents across America, while maintaining quality through integrity and financial stability,” McCall said. “We're thrilled to form this partnership, a testament to the top-quality people and operations at our firm, and accelerate our profitable growth trajectory. With the support of our partners at Centerbridge, we're excited about the opportunity to broaden our reach and deepen our capabilities, through investment in our people and technology."
As an independent entity from Realogy, TRG will have its own board of directors, chaired by Alan Colberg, former CEO of Assurant Inc.
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