HOUSTON, TX – Stewart announced today the appointment of Bruce Hawley as Executive Vice President of Stewart’s National Title Services. Hawley has nearly 40 years' experience in every aspect of the title business, and is a proven leader with the capability of driving strategic growth. After a strong and successful tenure with Stewart, Paul Sands, Executive Vice President – Director, National Title Services (NTS), will retire at the end of the year.
"We are thrilled to have Bruce lead our national commercial operations. Stewart remains focused on providing an excellent experience for customers in the commercial arena and to expanding our commercial operations," says Glenn Clements, Group President – Direct Operations. "Paul's leadership has provided NTS with a strong foundation, and Bruce's proven experience will build upon this as we move forward."
“Stewart is emphasizing our focus on commercial,” said Matt Morris, president and CEO of Stewart. “We are fully committed to the highest service levels, and to expanding our capabilities in the commercial arena. Bruce’s appointment comes on the heels of the recent Fitch Ratings upgrade to an A- rating for the Insurer Financial Strength (IFS) ratings of Stewart’s insurance subsidiaries, and further validates that Stewart has both the financial strength and the industry expertise to grow and support the largest of our commercial customers.”
“We are committed to maintaining our high level of service and expanding our capabilities in our commercial line of business,” Clements continues. “Our customers will continue to have a single point of contact for multi-site/multi-state and multi-country commercial transactions; we will also work to ensure expertise for the specialized needs of large commercial customers and their various industries.”
Prior to joining Stewart in 2000, Hawley served in several senior positions at Chicago Title developing an expertise in transactions between the U.S. and other countries, as well as in commercial underwriting. Hawley is a retired Brigadier General in the U.S. Air Force Reserve, and was honored with several decorations during his 33-year career in the Air Force's Judge Advocate General Corps.
Hawley can be reached at [email protected]or (203) 216-4368.
About Stewart
Stewart Title Guaranty Company is a wholly owned subsidiary of Stewart Information Services Corp.(NYSE-STC), a customer-focused, global title insurance and real estate services company offering products and services through our direct operations, network of approved agencies and other companies within the Stewart family. Stewart provides these services to homebuyers and sellers; residential and commercial real estate professionals; mortgage lenders and servicers; title agencies and real estate attorneys; home builders; and United States and foreign governments. Stewart also provides loan origination and servicing support; loan review services; loss mitigation; REO asset management; home and personal insurance services; tax-deferred exchanges; and technology to streamline the real estate process. Offering personalized service, industry expertise and customized solutions for virtually any type of real estate transaction, Stewart is the preferred real estate services provider. More information can be found at http://www.stewart.com/news,subscribe to the Stewart blog at http://blog.stewart.com or follow Stewart on Twitter @stewarttitleco.
Forward-looking statements. Certain statements in this report are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and often address our expected future business and financial performance. These statements often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “will” or other similar words. Forward-looking statements by their nature are subject to various risks and uncertainties that could cause our actual results to be materially different than those expressed in the forward-looking statements. These risks and uncertainties include, among other things, the severity and duration of current financial and economic conditions; continued weakness or further adverse changes in the level of real estate activity; changes in mortgage interest rates and availability of mortgage financing; our ability to respond to and implement technology changes, including the completion of the implementation of our enterprise systems; the impact of unanticipated title losses on the need to further strengthen our policy loss reserves; any effect of title losses on our cash flows and financial condition; the impact of our increased diligence and inspections in our agency operations; changes to the participants in the secondary mortgage market and the rate of refinancings that affect the demand for title insurance products; our ability to successfully consummate acquisitions, and our ability to successfully integrate and manage acquired businesses should opportunities arise; regulatory non-compliance, fraud or defalcations by our title insurance agencies or employees; our ability to timely and cost-effectively respond to significant industry changes and introduce new products and services; the outcome of litigation claims by large classes of claimants; the impact of changes in governmental and insurance regulations, including any future reductions in the pricing of title insurance products and services; our dependence on our operating subsidiaries and underwriters as a source of cash flow; the continued realization of expected expense savings resulting from our expense reduction steps taken since 2008; our ability to access the equity and debt financing markets when and if needed; our ability to grow our international operations; our ability to respond to the actions of our competitors; failure to comply with financial covenants contained in our debt instruments; and inability to make scheduled payments on or refinance our indebtedness. We expressly disclaim any obligation to update any forward-looking statements contained in this release to reflect events or circumstances that may arise after the date hereof, except as may be required by applicable law.
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