Fidelity National Financial, Inc. Opens New FNF 1031 Exchange Company Offices
January 07 2009 - 9:00AM
PR Newswire (US)
JACKSONVILLE, Fla., Jan. 7 /PRNewswire-FirstCall/ -- Fidelity
National Financial, Inc. today announced the expansion of FNF 1031
Exchange Company ("FNF 1031") with the opening of offices in
Chicago, New York and Boston. 1031 industry expert and attorney
Scott Nathanson will manage the new offices, joined by 1031
veterans Anna Barsky in Chicago, Nicole De Santis and Mathew Narby
in New York and Edward Zaval and Mary Lambert in Boston. FNF 1031
provides intermediary services for property sellers who seek to
defer their capital gains taxes by investing in new like-kind
properties. FNF 1031 is known for its expertise in 1031 exchanges
and provides maximum security for sellers' funds between the time
their old property is sold and their new property is purchased. FNF
provides a $100 million dollar Fidelity Bond and $50 million dollar
Corporate Guaranty for each transaction. Fidelity National
Financial, Inc. is a leading provider of title insurance, specialty
insurance, claims management services and information services. FNF
is the nation's largest title insurance company through its title
insurance underwriters - Fidelity National Title, Chicago Title,
Commonwealth Land Title, Lawyers Title, Ticor Title, Security Union
Title and Alamo Title - that issue more title insurance policies
than any other title company 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; continued weakness or 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. DATASOURCE: Fidelity National Financial, Inc.
CONTACT: Daniel Kennedy Murphy, Senior Vice President and
Treasurer, Fidelity National Financial, Inc., +1-904-854-8120, Web
site: http://www.fnf.com/
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