HOUSTON (Nov. 6, 2006) – Stewart Title Guaranty de Mexico S.A. de C.V. announces the appointment of Alvaro Palma as general manager. Palma will office at the company headquarters in Mexico City, Mexico.
Stewart Title Guaranty de Mexico S.A. de C.V. is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), and is the first and currently the only Mexican title insurance underwriter licensed to provide title insurance policies in Mexico.
"We are delighted that Alvaro has accepted this position," said Michael B. Skalka, chairman of the board of directors, Stewart Title Guaranty de Mexico S.A. de C.V. "Alvaro's personality, proven leadership skills, his evidenced desire to be responsive and responsible impressed me during his tenure with Stewart Title Latin America as an outstanding leader and we are fortunate to have him as the new general manager in Mexico."
Alvaro is a Certified Public Accountant and has served as the chief financial officer and chief operations officer for Stewart Title Latin America, where he assisted in the opening of seven offices in Mexico and the Caribbean.
"The appointment of a new general manager to Stewart Title Guaranty de Mexico S.A. de C.V is part of an operations restructuring for strategic growth in offices and staffing, while continuing to promote magnificent service by inspired professionals," said Skalka. "STG de Mexico revenue growth this year to-date has already exceeded last year."
Stewart Title Guaranty de Mexico S.A. de C.V. is located at Prado Sur 230 PB-A, Lomas de Chapultepec, 11000 Miguel Hidalgo, D.F., Mexico tel: +52-55-5249-7200 or U.S. toll free: 1-877-822-6040, and at http://www.stewart.com.mx.
About Stewart Title Guaranty de Mexico
Stewart Title Guaranty de Mexico S.A. de C.V. has been partnering with purchasers, developers and lenders as they navigate the Mexican real estate closing process. As the first and only Mexican title insurance underwriter authorized by the Comisión Nacional de Seguros y Fianzas of Mexico, Stewart understands the intricacies of the Mexican real estate process and is committed to helping customers buy and sell property in Mexico safely, securely, and efficiently. For more information visit http://www.stewart.com.mx.
About Stewart Title Latin America
Stewart Title Latin America, with offices in Mexico, Central America and the Caribbean, provides customers with a suite of services that add transparency, security and peace of mind to real estate transactions. Stewart Information International Inc. has an ownership interest in Stewart Title Latin America.
Stewart Information International is a wholly owned subsidiary of Stewart Information Services Corp., a customer-oriented, technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,500 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, mortgage default management solutions, 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.