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.


Industry News

Stewart Title Insurance Co. Completes Acquisition of Monroe Title Insurance Corp. of Rochester, N.Y.

February 8, 2006

HOUSTON--(BUSINESS WIRE)-- Stewart Title Insurance Co. has completed its acquisition of Monroe Title Insurance Corp. by merger, effective Feb. 3.

Stewart Title Insurance Co. is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE:STC) the merger, pending since July 2005, had been awaiting Monroe Title shareholder and regulatory approvals. Those approvals have been received, and the closing has been completed.

As a result of the merger, the shareholders of Monroe Title Corp. will receive cash consideration of $21.15 per share, in cash, without interest. In addition, shareholders may be entitled to receive additional payments pursuant to the merger agreement.

Monroe Title will operate as a wholly owned subsidiary of Stewart Title Insurance Co. as a licensed title insurer. It will continue to provide Monroe Title search and title insurance products through its network of 23 offices and current staff of 200 employees.

"We are pleased this acquisition has been completed," said John Welling, president, Stewart Title Insurance Co. "Monroe Title is a fine addition to the Stewart family. We look forward to combining the strengths of both companies to better serve all customers in these expanded markets."



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
www.alta.org
service@alta.org
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment