Fidelity National Financial, Inc. Announces Opening of Fidelity National Title de Mexico S.A. de C.V.
Jacksonville, Fla. -- (July 21, 2008) -- 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 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.
SOURCE: Fidelity National Financial, Inc.
CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and Investor Relations,
904-854-8120, dkmurphy@fnf.com