First Title Hosts Event to Launch New York Service
31 October 2008
First Title Insurance plc (First Title), a subsidiary of the First American Corporation (First American) and the largest provider of title insurance in the United Kingdom and Europe, is delighted to announce an event which will take place on November 18 at The Columbus Citizens Foundation, to celebrate the launch of its tailored Central and Eastern Europe (CEE)property investment advice service in New York.
Europe - and the CEE region in particular - has become a hub of global investment activity in recent years. As a result, First Title has recognised the need to provide the New York community with a direct point of contact with a company which specialises in title insurance across Europe.
Steve La Forgia, a Vice President of First American, has been appointed as First Title's primary representative in New York, where he will be involved in business development. Steve can facilitate no obligation conference calls with London underwriters for potential clients.
First Title has recently provided title insurance to facilitate the purchase of Winmarkt Magazine by the IGD Group in the CEE for €182.50 million, as well as a multimillion euro deal which enabled Pinnacle - a leading warehouse developer and operator - to be acquired in a complex cross-border transaction. By providing comprehensive title insurance, and replacing some of the vendor's warranties, First Title enabled these complex transactions to take place.
Stuart Smith, Risk and Development Director of First Title, comments: "First Title is very excited about the launch of its tailored New York service for clients, who are looking to invest or who already have a presence, in Europe, and holding a launch event is the perfect way to mark this occasion. We are delighted that Richard Mack, managing partner at Apollo Real Estate Advisors, has agreed to speak at this event, as he was instrumental in bringing commercial and retail development to the region. The company itself has $1billion invested in Europe.
"First Title's tailored service is designed to provide clients with a hotline to an underwriting team in London, in order to give them the comfort of locally assessed and underwritten cover for their project. The fact that First Title's tailored service - buoyed by its London experts - has the experience and gravitas of parent company First American behind it, will ensure that the service is a success."