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Industry News

American National Financial, Inc. Announces Opening Of Direct Operations in Nevada

January 16, 2002

ORANGE, Calif.,  /PRNewswire-FirstCall/ -- American National Financial, Inc. (Nasdaq: ANFI), today announced the launch of direct operations in Clark County, Nevada, through a new subsidiary, Pioneer National Title of Nevada, Inc. ("Pioneer National"). Clark County includes the very active Las Vegas real estate market.

According to Michael C. Lowther, Chairman of the Board and Chief Executive Officer of ANFI, "We are indeed fortunate to have joining our team three of the top producers in Clark County. Diana M. Steiner has been named President and State Manager of Pioneer National. William L. Rohrbaugh has been named Senior Vice President and County Manager. Both Diana and Bill come to us from the top resale transaction company in Clark County. Jodi Grover, who comes to us from the overall market share leader in Clark County, has been named Vice President and Manager of Escrow Operations. We believe with their leadership we will be able to gain significant market share in one of the most fertile real estate markets in the United States."

Carl A. Strunk, Executive Vice President and Chief Financial Officer, added, "Although it will take time and resources to build this market share, when achieved, the advantages will be magnified since the title policies will be issued on our wholly-owned underwriter, National Title Insurance of New York, Inc. This allows us to profit from not only the agency side but the underwriting side as well."

Source: American National Financial, Inc.



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