The First American Corporation Promotes Martin Wool to President of Specialty Insurance Segment
April 12, 2005, SANTA ANA, Calif.
The First American Corporation (NYSE: FAF), the nation’s largest data provider, today announced that Martin Wool has been named president of the company’s Specialty Insurance segment. In this new position, Wool will oversee the company’s home warranty and homeowner’s insurance operations. He also will retain duties as president and chief executive officer of the company’s subsidiary, First American Home Buyers Protection Corporation, the nation’s second largest home warranty company.
Wool brings more than 25 years of management experience in the home warranty industry to his new position. He played a key role in the startup of two home warranty companies, including First American Home Buyers Protection Corporation, where he has served as president since 1999.
“Under Marty’s leadership our home warranty group has significantly strengthened its position as one of the nation’s leading providers of home warranty contracts and we expect to be operating in all 50 states by the end of 2005,” stated
Craig DeRoy, president of The First American Corporation, added: “Marty has tremendous talent in blending operational efficiency and customer service. In this new role, he will now have the opportunity to leverage the services and resources for the benefit of our customers in both our home warranty and homeowner’s insurance businesses. His creativity will undoubtedly lead to new products as we look at the common markets for these two companies.”
Wool holds bachelor’s degrees in business management and psychology from
The First American Corporation is a Fortune 500 company that traces its history to 1889. As the nation’s largest data provider, the company supplies businesses and consumers with information resources in connection with the major economic events of people’s lives, such as getting a job; renting an apartment; buying a car, house, boat or airplane; securing a mortgage; opening or buying a business; and planning for retirement. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within six primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.72 billion in 2004, First American has nearly 31,000 employees in approximately 2,000 offices throughout the