Fidelity National Financial, Inc. Announces Opening of Fidelity National Title de Mexico S.A. de C.V.
July 21 2008 - 7:56AM
PR Newswire (US)
JACKSONVILLE, Fla., July 21 /PRNewswire-FirstCall/ -- Fidelity
National Financial, Inc. (NYSE:FNF), a leading provider of title
insurance, specialty insurance, claims management services and
information services, today announced the opening of its title
insurance operation in Mexico, Fidelity National Title de Mexico
S.A. de C.V. ("Fidelity Title Mexico"). Juan Pablo Arroyuelo has
been appointed Vice President and General Manager and Gerardo
Martinez has been named Vice President and Chief Financial Officer.
Both Arroyuelo and Martinez are recognized experts on Mexican title
insurance. Additionally, Luis Unikel, a real estate attorney and
former Risk Manager at GE Real Estate, has been named Vice
President and Chief Underwriter. Fidelity Title Mexico has its
principal office in Mexico City. "We believe Mexico presents a
great opportunity for FNF to expand its direct operations to serve
the vibrant Mexican market," said FNF President Raymond R. Quirk.
"Our local management team is experienced in Mexican title
insurance and highly regarded by the Mexican real estate community.
They will provide the same level of industry leading service that
has earned FNF the loyalty and respect of our thousands of
customers for so many years in the United States." "We are all very
excited to join Fidelity Title Mexico and the FNF family and look
forward to the benefits of FNF's industry-leading financial
strength," said Fidelity Title Mexico Vice President and General
Manager Juan Pablo Arroyuelo. "We have established an unparalleled
direct sales effort in Mexico and will capitalize on the existing
FNF sales network in the United States. We will focus on providing
our customers with the highest quality service through superior
knowledge, prudent underwriting, reliable and timely execution and
unmatched financial strength." Fidelity National Financial, Inc.
(NYSE:FNF), is a leading provider of title insurance, specialty
insurance, claims management services and information services. FNF
is one of the nation's largest title insurance companies through
its title insurance underwriters - Fidelity National Title, Chicago
Title, Ticor Title, Security Union Title and Alamo Title - that
issue approximately 27 percent of all title insurance policies in
the United States. FNF also provides flood insurance, personal
lines insurance and home warranty insurance through its specialty
insurance business. FNF also is a leading provider of outsourced
claims management services to large corporate and public sector
entities through its minority-owned subsidiary, Sedgwick CMS. FNF
is also a leading information services company in the human
resource, retail and transportation markets through another
minority-owned subsidiary, Ceridian Corporation. More information
about FNF can be found at http://www.fnf.com/. This press release
contains forward-looking statements that involve a number of risks
and uncertainties. Statements that are not historical facts,
including statements about our beliefs and expectations, are
forward-looking statements. Forward-looking statements are based on
management's beliefs, as well as assumptions made by, and
information currently available to, management. Because such
statements are based on expectations as to future economic
performance and are not statements of fact, actual results may
differ materially from those projected. We undertake no obligation
to update any forward-looking statements, whether as a result of
new information, future events or otherwise. The risks and
uncertainties which forward-looking statements are subject to
include, but are not limited to: changes in general economic,
business and political conditions, including changes in the
financial markets; adverse changes in the level of real estate
activity, which may be caused by, among other things, high or
increasing interest rates, a limited supply of mortgage funding or
a weak U. S. economy; our potential inability to find suitable
acquisition candidates, acquisitions in lines of business that will
not necessarily be limited to our traditional areas of focus, or
difficulties in integrating acquisitions; our dependence on
operating subsidiaries as a source of cash flow; significant
competition that our operating subsidiaries face; compliance with
extensive government regulation of our operating subsidiaries; and
other risks detailed in the "Statement Regarding Forward-Looking
Information," "Risk Factors" and other sections of the Company's
Form 10-K and other filings with the Securities and Exchange
Commission. CONTACT: Daniel Kennedy Murphy, Senior Vice President,
Finance and Investor Relations, 904-854-8120, DATASOURCE: Fidelity
National Financial, Inc. CONTACT: Daniel Kennedy Murphy, Senior
Vice President, Finance and Investor Relations, +1-904-854-8120,
Web site: http://www.fnf.com/
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