Acquisition Completed: Fidelity National Financial Inc. said...
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Acquisition Completed: Fidelity National Financial Inc. said it has completed its previously announced $21-million purchase of Security Title & Guaranty Co., a New York-based title insurance underwriter.
Security Title is licensed in 24 states, the District of Columbia, the Virgin Islands, the Bahamas and British West Indies.
Fidelity, a nationwide title insurance company based in Irvine, said the acquisition will add more than $48 million of assets to Fidelity’s balance sheet, including more than $46 million in cash and investments.
Fidelity will change Security Title’s name to Fidelity National Title Insurance Co. of New York.
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