Once negotiations are settled, ANFI will jointly apply with the respective brokers for title agency licenses, according to a company spokesperson. ANFI will own 51% of the new agencies, with the brokers owning 49%.
"These arrangements are something that we are very excited about because we're of a size that enables us to put joint ventures together in major markets which we need to penetrate," says Michael C. Lowther, ANFI's CEO and chairman of the board. "We have the blueprint for these ventures in place and are ready to proceed in the near future."
ANFI provides title insurance services, as well as other title related financial and information services.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
