Fidelity National Financial Forms Overseas Unit

NEW YORK CITY-A new division has been formed by Fidelity National Financial Inc. to provide title insurance on commercial real estate outside of its markets in the US, Canada, Mexico and the Caribbean. Fidelity National Financial Global Solutions will focus on Europe and Central and South America. The policies will be written by one of FNF’s subsidiaries, Fidelity National Title, Chicago Title, Ticor Title, Security Union Title or Alamo Title.

Before a policy is issued, local laws are studied to see if the firm’s standard policy has to be modified to accommodate the business practices of the country and then sources for the production of title evidence must be located. “Finding a title searcher in The Netherlands is a little different from finding an agent in the Oklahoma panhandle,” says Ed Heim, an FNF underwriter.