Stewart National Title Services adds Desmond as vice president, national business development

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HOUSTON (March 29, 2011) – Stewart National Title Services is pleased to announce that Michael Desmond has joined its Boston operation as vice president, national business development. Desmond will be responsible for expanding Stewart’s national commercial business and concentrating on increasing the company’s market share in the Northeast region of the U.S.

“Mike is an important addition to our organization. His extensive industry knowledge and breadth of transactional experience will enhance our Boston team’s unparalleled customer service,” noted Terrance Milkas, vice president, underwriter and manager for the Boston office of Stewart National Title Services.

An accomplished industry veteran, Desmond has 35 years of experience in commercial real estate. He most recently served as vice president of sales for the national commercial services division of a major national title insurance underwriter and previously held management and sales positions at the regional and national levels for other large title insurance firms.

Paul Sands, executive vice president and director for Stewart National Title Services remarked, “We are extremely pleased to have such a seasoned professional join Stewart, and look forward to the valuable contributions that he will make to our customers and company.”

A graduate of Georgetown University in Washington, D.C., Desmond is a licensed Massachusetts real estate broker. He is also an active member of the International Council of Shopping Centers (ICSC), National Association of Industrial and Office Properties (NAIOP), Real Estate Finance Association (REFA), Real Estate Investment Advisory Council (REIAC) and Urban Land Institute (ULI).

About Stewart

Stewart National Title Services, a division of Stewart Title Guaranty Co., provides a single point of contact for U.S. and multi-national customers that require special expertise in closing and underwriting for single and multi-site commercial transactions. Stewart Title Guaranty Co. is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-driven, technology-enabled, strategically competitive, real estate information, title insurance and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries throughout the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at http://www.stewart.com. Subscribe to the Stewart blog at http://blog.stewart.com or follow Stewart on Twitter @stewarttitleco.

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