John D. Markunas Joins First American as Vice President, International Business Development
April 21, 2009, SANTA ANA, Calif.
First American Title Insurance Company announced today that John D. Markunas has joined the company’s International Services division as vice president, international business development. In this new position, Markunas will be responsible for business development for Latin America and will concentrate on opening the title insurance market in Brazil.
Markunas has more than 15 years of international real estate experience and is particularly knowledgeable about the Mexican, Caribbean, Central and South American real estate markets. Markunas, who previously lived and worked in Mexico for five years, is fluent in English, Spanish and Portuguese.
“Even in these difficult market conditions there are tremendous opportunities for growth throughout South and Central America,” said Markunas. “Brazil is a particularly attractive market for the title insurance industry given the unprecedented investment levels in Brazil over the last several years and the tremendous potential for growth in the residential mortgage market.”
Markunas is the author of several articles relating to real estate risk mitigation, the use of title insurance outside the U.S., and the globalization of real estate and related issues. He is a member of several international business and real estate organizations and was recently appointed to the American Land Title Association’s International Development Committee.
“First American’s commitment to global growth combined with John’s expertise gives First American a unique opportunity to take advantage of the emerging South and Latin American markets,” explained Thomas H. Grifferty, president of First American’s International Services division.
Markunas has a bachelor’s degree from Florida State University and an MBA from the University of San Francisco.
About First American Title Insurance Company
First American Title Insurance Company, the largest subsidiary of The First American Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. The company has its headquarters in Santa Ana, Calif. Information about The First American Corporation’s subsidiaries and an archive of its press releases can be found on the Internet at www.firstam.com.