Fidelity National Financial announced the opening of its title insurance operation in Mexico, Fidelity National Title de Mexico S.A. de C.V.; the firm will be referred to most often as Fidelity Title Mexico.
FNF appointed Juan Pablo Arroyuelo as the vice president and general manager of the new company, while Gerardo Martinez was 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 a former risk manager at GE Real Estate, has been named the firm's vice president and chief underwriter. Fidelity Title Mexico has its principal office in Mexico City. Branch offices are planned for other areas of the country.
"We believe Mexico presents a great opportunity for FNF to expand its direct operations to serve the vibrant Mexican market," said Raymond Quirk, FNF's president. "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."
Fidelity National Financial is a leading provider of title insurance, specialty insurance, claims management services and information services. The company is one of the U.S.' largest title insurance companies through its title insurance underwriters, Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title. It issues approximately 27 percent of all title insurance policies 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," Arroyuelo said. "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."