X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Two subsidiaries of Houston-based Stewart Information Services Corp., Stewart Title Co. and Stewart Title Guaranty de Mexico, SA de CV have expanded their presence in San Juan and Mexico City, respectively.

Stewart Title Co. acquired a majority interest in San Juan Abstract Co. San Juan Abstract provides title guaranty and escrow services for buyers and sellers of residential and commercial property in Puerto Rico. Malcolm S. Morris, chairman and co-CEO of Stewart says the partnership “with a dynamic company…is consistent with our growth strategy. Not only should this group enhance our bottom line, but it is indicative of our continuing expansion from North America.”

San Juan Abstract, owned by the Dardet family, is an integral part of the commonwealth’s economy, according to Harold Hickman, Stewart’s group president. Vice president Nick Dardet says he the affiliation with Stewart will bring a new level of technological expertise to the business.

Stewart Title Guaranty de Mexico is the first licensed title insurance underwriter approved by the government of Mexico for the issuance of title insurance policies in Mexico. Jaime Ysita is president of Stewart Title Guaranty de Mexico. The Mexico subsidiary’s goal is to facilitate the title investigation process for issuing policies.

“It is a natural move for Stewart Title to create a title underwriting company in Mexico,” says Jeannie Osborne, president and COO of Stewart International. “Having title insurance available for Mexico property will allow the movement of more foreign capital into the nation.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.