Posts Tagged ‘Independent Underwriter’

Westcor Announces New England Agency Operations

Tuesday, July 20th, 2010

New England AnnouncementWinter Park, FL—July 20, 2010

Westcor Land Title Insurance Company (Westcor) announced today an expansion of its footprint into the New England market.

Chris Strynar, a longtime veteran of the title industry in the Northeast, will lead the team as the regional manager. Harold Clarke will serve as senior underwriter for New England. The remaining members of the team are spread throughout Massachusetts, Rhode Island, and Connecticut providing consistent high quality service to independent title agents.

“We are pleased to expand our services and operations to the New England territory,” stated Mary O’Donnell, president and chief executive officer of Westcor Land Title Insurance Company. “As the Westcor family continues to grow nationwide, our commitment to the service we provide our agents remains unchanged.”

The Northeast expansion continues to validate the Westcor business model providing a reliable, national, independent underwriter offering best-in-class service to quality title agents. “We are excited to move forward and further assist our agents in growing their business,” explained Strynar. “Westcor’s commitment to independent title agents combined with a hands-on approach affirms the business philosophy of the New England team. The enhanced capabilities will offer our independent title agents a proactive platform to increase their market share in the Northeast.”

Westcor Land Title Insurance Company is licensed in 27 states with license applications pending in all remaining states.

 

 

Westcor Welcomes Kimbery Sledd

Tuesday, April 13th, 2010

welcome-matWestcor Land Title Insurance Company, a National Title Insurance Company with offices in Florida, New York, Idaho, Colorado, and Texas, would like to welcome Kimberly Sledd to the National Agency Division.  Kimberly will be an account representative and provide servicing to Multi-State and local agencies throughout the Mid-Atlantic states.

Formerly with LandAmerica, Kimberly brings over 6 years of experience working closely with National and Local Agent Partners to develop growth strategies and streamlined business processes. Kimberly is a wonderful new addition to the Westcor Family.

Kimberly has called Richmond, VA home for many years now and enjoys skiing, painting, hiking and traveling.

For more information on Westcor, and how being an independent, privately owned Title Insurance Company benefits title agents across the country, please visit http://wltic.com.

Westcor Land Title Insurance Company Reports 2009 Financials

Thursday, April 1st, 2010

FinancialsWinter Park, FL—March 31, 2010—Westcor Land Title Insurance Company (Westcor), a leading independent underwriter, reports $90.7 million in premiums written in 2009 compared to $45.6 million in 2008.  This is a clear indication of the strength and perseverance of Westcor’s independent agents.

Westcor’s 2009 year-end financial results report a net income of $2.3 million and an increase in market share in every state underwritten.  “In these challenging times, we are proud to report positive and profitable financial results,” explains Mary O’Donnell, President/CEO of Westcor Land Title Insurance Company.  “Our success is a direct result of our independent agents’ ability to consistently compete regardless of market conditions.  It is this quality that identifies and differentiates our agents.”

Licensed in 23 states with 10 new licenses pending, Westcor maintains six regional offices nationwide and is the fastest growing title insurance company in the United States. Westcor’s aggressive selective growth is balanced by their quality agent selection criteria.

About Westcor Land Title Insurance Company

Westcor Land Title Insurance Company is a leading independent provider of title insurance. As one of the largest independent underwriters, Westcor is dedicated to the support and development of quality independent title agencies. Westcor will not compete against its agents. We are committed to promote stability, growth and continued autonomy of independent title agencies.  Our success is defined by our agents’ success. Westcor is rated A’ (Prime) Unsurpassed by Demotech, the highest rating available for regional underwriters.  To learn more about Westcor and how you can join the independent movement, visit www.wltic.com, or call 866–629–5842.

 

Westcor Land Title Insurance Co Announces New Hires

Wednesday, March 3rd, 2010

welcome-matWestcor Land Title Insurance Company (Westcor), a leading independent underwriter, today announced two new hires to the Westcor family.  Gail Hinson joins the Florida Agency division as a Marketing Representative and will report to Glenn Bradley, Vice President of the Florida Agency. In her new role, Hinson will utilize the knowledge she gained from over 40 years of title industry experience at Old Republic to service loyal customers and make new contacts to support Westcor’s ongoing expansion.

Westcor also announced Vivian Hastings joins the Pensacola Title Plant as Assistant Statewide Production Manger. She will report to Tami Manning, State Production Manager and Richard Murray, Vice President of Title Plant Operations.  Hastings will manage a myriad of day-to-day production duties as well as cultivate new and existing customer relationships. With over 30 years of in-depth industry experience, Hastings joins from The Fund where she served as Product and Service Manager.

“We are delighted to welcome Gail and Vivian to the Westcor family, said Richard Murray.  ‘Their presence indicates our ongoing expansion effort to continue to serve the needs of the independent agent.  Their in-depth knowledge and experience provides Westcor with the strength and confidence that our performance will remain consistent as we continue to grow.”

About Westcor Land Title Insurance Company

Westcor Land Title Insurance Company is a leading independent provider of title insurance. As one of the largest independent underwriters, Westcor is dedicated to the support and development of quality independent title agencies. Westcor will not compete against its agents. We are committed to promote stability, growth and continued autonomy of independent title agencies.  Our success is defined by our agents’ success. Westcor is rated A’ (Prime) Unsurpassed by Demotech, the highest rating available for regional underwriters.  To learn more about Westcor and how you can join the independent movement, visit www.wltic.com, or call 866–629–5842.

Westcor Land Title Insurance Co Reports Growth and Profit in 2009

Tuesday, February 9th, 2010

profitsupWinter Park, FL—February 9, 2010—Westcor Land Title Insurance Company (Westcor), a leading independent underwriter, reports an increase in gross premiums for the third quarter of 2009. According to third quarter results released by the American Land Title Association (ALTA), Westcor increased 83% in gross premiums compared to the same period of 2008. Westcor attributes the significant growth to the expansion of its independent agency base.

In 2009, Westcor expanded its agency base in the West and North East while continuing expansion in its Florida Title Insurance operations “ Our geographic expansion contributed to our significant growth together with the loyalty and dedication of our existing agency base. We attribute our success to the quality and integrity of our independent agents throughout the country. It is their dedication, commitment to excellence in service and strength to persevere during difficult times that is the reason for our success” explains Mary O’Donnell, President of Westcor.

Third quarter financial reports also confirm Westcor’s strong financial position thereby maintaining strong ratings from Demotech and Lace.

Now licensed in 23 states, with six regional offices nationwide, Westcor is optimistic about the future. “ We recognize that the market has changed and understand it represents new opportunity for innovation and improvement, states Mary O’Donnell. We look forward to meeting future challenges and remain committed to the growth and vitality of the independent agent.” To view Westcor’s current State Licensing Map, please visit http://wltic.com/state-license-map-of- westcor.

About Westcor Land Title Insurance Company
Westcor Land Title Insurance Company is a leading independent provider of title insurance. As one of the largest independent underwriters, Westcor is dedicated to the support and development of quality independent title agencies. Westcor will not compete against its agents. We are committed to promote stability, growth and continued autonomy of independent title agencies. Our success is defined by our agents’ success. Westcor is rated A’ (Prime) Unsurpassed by Demotech, the highest rating available for regional underwriters. To learn more about Westcor and how you can join the independent movement, visit http://www.wltic.com, or call 866–629–5842.

Nine New States for Title Insurance

Wednesday, February 3rd, 2010

State License Map 2-2010Well even though according to Punxsutawney Phil there’s six more weeks of winter ahead, there’s nine new states ahead for Westcor Land Title Insurance Company…Connecticut, Delaware, Indiana, Kentucky, Massachusetts, Rhode Island, South Dakota, Washington, and Wisconsin.

We’ve recently updated our state license map to reflect the nine new states where our applications are pending, and the twenty-three states where Westcor, an independent underwriter, is already licensed to write Title Insurance policies.

For more information on Westcor’s policy of not competing against our agents, please vist the Become an Agent page.

Westcor Welcomes Jennifer Shaw to Audit Department

Tuesday, January 19th, 2010

welcome-matWestcor Land Title Insurance Company would like to welcome Jennifer Shaw to the audit department at the Western Regional Office in Denver, Colorado.

Formerly with a National Underwriter, and with over 10 years of experience in the Title Insurance industry, Jennifer is a wonderful new addition to our Audit Department Team.

Jennifer has called Fort Collins home for 3 years now and enjoys skiing, and spending time with her family.

Westcor Land Title Insurance Company is a leading independent provider of title insurance. As one of the largest independent underwriters, Westcor is dedicated to the support and development of quality independent title agencies. Westcor will not compete against its agents.

Westcor’s “eWestcor” System Enhances Closing Letter Application

Tuesday, January 12th, 2010

ewestcor_logoWestcor Land Title Insurance Company’s online application, “eWestcor” has just recently updated its Closing Letters Module allowing for edits to existing letters and added a few other enhancements to the app such as a favorite lender list as well.

The enhancement allows the agents to quickly edit an existing closing letter (which is a key part of the title insurance and closing process) when changes come back from the lender and reprint it with just a few clicks.  The favorite lender list also increases the speed at which the agents can get into the system, create a new closing letter, and print it.

Westcor Land Title Insurance Company located in Orlando, Florida is a leading independent provider of title insurance. As one of the largest independent underwriters, Westcor is dedicated to the support and development of quality independent title agencies. Westcor will not compete against its agents.

Westcor Welcomes Stephanie Grimes to Corporate Offices Winter Park Florida

Friday, January 8th, 2010

welcome-matWestcor would like to welcome Stephanie Grimes to the legal department at the corporate offices location in Winter Park, Florida.

Formerly with First American and with over 30 years of experience in the Title Insurance industry, Stephanie is a wonderful new addition to our corporate offices team.

Stephanie has called Orlando home for 10 years now and enjoys traveling, reading, and spending time with her grandchildren.

Westcor Land Title Insurance Company is a leading independent provider of title insurance. As one of the largest independent underwriters, Westcor is dedicated to the support and development of quality independent title agencies. Westcor will not compete against its agents.

 

 

Westcor Land Title Insurance Ratings Reflect Positive Outlook

Thursday, December 17th, 2009

demotechWinter Park, FL, November 4, 2009—Westcor Land Title Insurance Company, a leading independent underwriter, continues to maintain a Financial Stability Rating® (FSR) of A′ (A Prime), Unsurpassed, from Demotech, Inc., an actuarial consulting and financial analysis firm located in
Columbus, OH. “Westcor’s ability to maintain a strong, conservative balance sheet despite the challenging operating environment reflects their financial stability and commitment to solvency,” explains Barry Koestler, Chief Ratings Officer of Demotech.

Additionally, Westcor has been upgraded by LACE Financial Corp. LACE is one of a list of ten credit rating agencies approved by the Securities and Exchange Commission (SEC) to determine financial soundness and creditworthiness. The recent upgrade is a clear indication of Westcor’s
financial stability and strength.

Westcor’s improvements are positive statements of a strong financial position. This optimistic affirmation is impressive especially during fluctuating market conditions. The new standing provides Westcor with greater financial leverage and financial flexibility to continue their forward
growth cycle.

A balance of competitive positioning, quality leadership and selective national growth has served Westcor well in 2009. While many other title underwriters weather loss and downgrades, Westcor’s business sustains and improves. “We thank our agents for their ongoing commitment
to quality and service, explains, Mary O’Donnell, CEO and President of Westcor Land Title Insurance Company. It is their commitment to perform with a consistent standard of excellence that reflects this positive result.”

About Westcor Land Title Insurance Company Westcor Land Title Insurance Company is a leading independent provider of title insurance. As one of the largest independent underwriters, Westcor is dedicated to the support and development of quality independent title agencies. Westcor will not compete against its agents.

We are committed to promote stability, growth and continued autonomy of independent title agencies. Our success is defined by our agents’ success.
Westcor has a Financial Stability Rating® (FSR) of A′ (A Prime), Unsurpassed, from Demotech, Inc. To learn more about Westcor and how you can join the independent movement, visit www.wltic.com, or call 866–629–5842.