First Title Develops Residential Proposition With Sinclair Appointment
January 7, 2008, LONDON
First Title Insurance plc (First Title), a subsidiary of First Title plc and the largest provider of title insurance in the United Kingdom and Europe, today announced the appointment of Julian Sinclair as director of insurance and specialist insurance products in the residential division for the UK, Europe and Turkey.
Sinclair, who will report directly to First Title’s managing director, David Hawkins, started his career as a solicitor with Leeds-based law firm DLA Piper. He subsequently spent eight years at Kensington Mortgages where he was involved in the business at all levels, from sourcing contracts to liaising with government ministers and the Financial Services Authority.
Sinclair’s new role will see him heading up First Title’s residential and specialist teams. He will be tasked with overseeing and driving the division’s strategic, operational and new business objectives, while attaining profitable growth for the business.
David Hawkins, First Title’s managing director, comments: “First Title is currently going through a sustained period of dynamism and growth. The residential division is expected to expand significantly over the next couple of years throughout the UK, Europe and Turkey, where levels of investment continue to spiral upwards. As a result of such growth, it is important to put into place individuals who will thrive in an increasingly dynamic environment, and this is where Julian comes in. We are delighted to have been able to secure a candidate of Julian’s calibre and experience.”
About First Title plc
First Title plc has nine offices throughout Europe — five offices in the United Kingdom and elsewhere in Germany, Poland, Hungary and Turkey — with more than 600 employees. It provides a wide range of innovative products that enable lawyers, mortgage lenders and estate agents to deliver more efficient and advanced service to their property clients. More information about the company can be found at www.firsttitle.eu. First Title is a wholly owned subsidiary of The First American Corporation (NYSE: FAF), a FORTUNE 500® company that traces its history to 1889. First American is America’s largest provider of business information, supplying businesses and consumers with valuable information products to support the major economic events of people’s lives. Additional information about the First American Family of Companies can be found at www.firstam.com.
Certain statements made in this press release, including those related to the sustained growth and expansion of First Title and levels of investment in the UK, Europe and Turkey, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These and other forward-looking statements may contain the words “believe,” “anticipate,” “expect,” “predict,” “estimate,” “project,” “will be,” “will continue,” “will likely result,” and other similar words and phrases. Risks and uncertainties exist that may cause results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include: interest rate fluctuations; changes in the performance of the real estate markets; limitations on access to public records and other data; general volatility in the capital markets; changes in applicable government regulations; heightened scrutiny by legislators and regulators of the company’s Title Insurance segment and certain other of the company’s businesses; consolidation among the company’s significant customers and competitors; changes in the company’s ability to integrate businesses which it acquires; systems interruptions and intrusions; the company’s inability to realize the benefits of its offshore strategy; product migration; and other factors described in Part I, Item 1A of the company’s annual report on Form 10-K for the year ended Dec. 31, 2006, as updated in Part II, Item 1A of the company’s quarterly report on Form 10-Q for the period ended June 30, 2007, in each case as filed with the Securities and Exchange Commission. The forward-looking statements speak only as of the date they are made. The company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.