Stewart Names Mike Davis as Chief Information Officer, Gary Morris as Chief Technology Officer

November 4, 2002

HOUSTON, /PRNewswire-FirstCall/ -- Stewart Information Services Corp. (NYSE: STC - News) has named Mike Davis as chief information officer (CIO). Davis has served since July 2001 as the Stewart chief technology officer (CTO) and will remain as president of Stewart subsidiary Landata Systems, Inc. Gary Morris, vice president, Technical Services division of Landata Systems, will become the new Stewart CTO.

"The CIO position is crucial for the vision and the strategic progress to implement Stewart's mission of enhancing the real estate transaction process," said Stewart Morris Jr., president and co-chief executive officer, Stewart Information Services Corp. "We look to provide or facilitate all of the informational services needed throughout the transaction process by buyers, sellers, real estate agents, commercial brokers, builders, developers, lenders, GSEs and other parties."

"We must align the technology, as well as the strategic and tactical personnel to enable this mission enterprise-wide," said Morris. "Mike's elevation to CIO will ensure that we are making the best choices with processes that improve our internal operations, enhance our return on technology investments and improve our shareholder value."

"Growing with the Stewart organization over the last six years has given me a unique perspective, allowing me to see the inherent strengths of the company as well as the steps we can take to improve our ROI," said Davis.

"As CIO, I will concentrate on global collaboration across the enterprise, IT cost containment, process improvement through the use of technology and strategic IT planning with regional management. All of this will increase Stewart's ability to provide excellent customer service," said Davis. "Notable examples of those technology initiatives include our SureClose® transaction management service and the® managed solutions partner (MSP)."

"In addition, with Gary working as CTO to implement the technology initiatives, Stewart will globalize its technical capability, maximizing our return on investment in enterprise level IT infrastructure," said Davis. "Our positions within Landata Systems will enhance that relationship for the benefit of the Stewart organization."

Gary Morris said, "My primary responsibility will be to direct coordinated enterprise efforts, bringing more standardization, increased reliability and consistency to our technology products and processes. I am pleased to have this opportunity."

Davis brings 14 years of diverse technical experience to this position as CIO. As president of Landata Systems and CTO, Davis spearheaded the development and introduction of , which offers a Web portal for title office automation applications and bundled IT services. Davis earned a B.S. in computer science from the University of Houston.

Morris began his IT career 19 years ago as operations manager for a Houston-area multi-line insurance agency. In 1988, he began network and database consulting for a local investment firm, where he later became IT and operations manager. Morris joined Landata Systems in 1997. In his role as vice president, he oversees the data center operations, local area network/wide area network (LAN/WAN), training, operations, technical product management and help center teams. Morris is a Microsoft® Certified Systems Engineer (MCSE) and Certified Novell® Administrator (CNA).

Source: Stewart Information Services Corp.

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