Acquisition Expands National Commercial
Services Portfolio of Companies
JACKSONVILLE, Fla., Oct. 2, 2024
/PRNewswire/ -- Fidelity National Financial, Inc. (NYSE:FNF) ("FNF"
or the "Company"), a leading provider of title insurance and
transaction services to the real estate and mortgage industries and
a leading provider of insurance solutions serving retail annuity
and life customers and institutional clients through its
majority-owned, publicly traded subsidiary F&G Annuities &
Life, Inc., today announced the acquisition of the commercial
operations of First Nationwide Title Agency ("FNTA"), a division of
AMT Commercial Title Services and a subsidiary of AmTrust Financial
Services, Inc. ("AmTrust"). The acquisition of this significant
New York City based team continues
FNF's strategy of acquiring the best companies and talent in the
industry and bringing them into its portfolio to better service
commercial real estate clients.
Founded in 2012, FNTA has rapidly gained a reputation for its
expertise in closing and insuring commercial real estate
transactions all over the U.S. The company, headquartered in
New York City, has been a trusted
partner for some of the largest real estate developers, investors,
and lenders. FNTA is known for its client-centric approach, driven
by a seasoned and dynamic leadership team.
"We're thrilled to welcome the FNTA commercial team to the FNF
family of companies," said Joanna
Patilis, EVP, Regional Manager, Fidelity National Financial.
"Their team and strong reputation aligns perfectly with our mission
to provide the best to our clients in the Northeast and
nationwide."
"Joining FNF is the best decision for FNTA's commercial team and
provides us with the resources and support to expand our business,"
said Steven Napolitano, President
and CEO of FNTA. "The entire leadership team at FNTA and I are
excited about the opportunities ahead and remain committed to
delivering the highest level of service to our clients."
As part of the acquisition, FNTA's key commercial leadership
team will join FNF, including Steven
Napolitano, Devin Dregne,
Esq., Michael Ehrhardt,
Michael Elkins, Esq., Jesse Iadanza, Esq., Michael Lebovitz, Michael Scott, Esq., Matthew Emanuelo, and Chris Suozzi. Napolitano, who serves as FNTA's
President and CEO, has over 35 years of industry experience and
will continue to lead the company's day-to-day operations under
FNF's ownership. This continuity will ensure a seamless transition
for clients while maintaining FNTA's signature level of
service.
About Fidelity National Financial, Inc.
Fidelity
National Financial, Inc. (NYSE: FNF) is a leading provider of title
insurance and transaction services to the real estate and mortgage
industries, and a leading provider of insurance solutions serving
retail annuity and life customers and institutional clients through
its majority owned subsidiary F&G Annuities & Life, Inc.
(NYSE: FG). FNF is the nation's largest title insurance company
through its title insurance underwriters - Fidelity National Title,
Chicago Title, Commonwealth Land Title, Alamo Title and National
Title of New York - that
collectively issue more title insurance policies than any other
title company in the United
States. More information about FNF can be found at
www.fnf.com.
Forward-Looking Statements and Risk Factors
This press
release contains forward-looking statements that involve a number
of risks and uncertainties. Statements that are not historical
facts, including statements regarding our expectations, hopes,
intentions or strategies regarding the future 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 financial and operating results 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, political
crisis, war and pandemic conditions, including ongoing geopolitical
conflicts; 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; our dependence on distributions from our
title insurance underwriters as a main source of cash flow;
significant competition that F&G and our operating subsidiaries
face; compliance with extensive government regulation of our
operating subsidiaries, including regulation of title insurance and
services and privacy and data protection laws; systems damage,
failures, interruptions, cyberattacks and intrusions, or
unauthorized data disclosures; and other risks detailed in the
"Statement Regarding Forward-Looking Information," "Risk Factors"
and other sections of FNF's Form 10-K and other filings with the
Securities and Exchange Commission.
FNF-G
View original
content:https://www.prnewswire.com/news-releases/fidelity-national-financial-acquires-first-nationwide-title-agency-302265920.html
SOURCE Fidelity National Financial, Inc.
