Fidelity National Financial buys First Nationwide Title Agency’s commercial operations
Fidelity National Financial buys First Nationwide Title Agency’s commercial operations | Insurance Business America
Insurance News
Fidelity National Financial buys First Nationwide Title Agency’s commercial operations
Deal “the best decision” for the team
Insurance News
By
Terry Gangcuangco
Fidelity National Financial (FNF) has acquired First Nationwide Title Agency’s (FNTA) commercial operations from AmTrust Financial Services.
The deal, financial terms of which were not disclosed, is part of FNF’s ongoing effort to strengthen its portfolio by acquiring top-performing companies and talent in the industry to better serve its commercial real estate clients.
Based in New York City, FNTA has been known for its expertise in facilitating and insuring commercial real estate transactions, working with major real estate developers, investors, and lenders across the US since its founding in 2012.
Joanna Patilis (pictured), executive vice president and regional manager at FNF, noted: “We’re thrilled to welcome the FNTA commercial team to the FNF family of companies.
“Their team and strong reputation align perfectly with our mission to provide the best to our clients in the Northeast and nationwide.”
Meanwhile, FNTA’s leadership expressed optimism about the transaction, citing the benefits as a key factor in the move.
“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.”
The acquisition will see FNTA’s commercial leadership team, including Napolitano, integrated into FNF. Napolitano, who has over 35 years of experience in the industry, will remain at the helm of FNTA’s operations to ensure continuity and maintain service levels.
According to FNF, its title insurance underwriters – Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York – collectively issue more title insurance policies than any other provider in the country.
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