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Assurant Calls American Title Acquisition a 'Strong Fit'
Assurant, Inc., acquired American Title, Inc., a company
specializing in title and valuation services for home equity
lenders. American Title will operate as part of Assurant's
Mortgage Solutions business as announced by Assurant, Inc.
"American Title is a strong fit with our focus on risk
management in the housing market," said Michael Campbell,
President, Global Home, Assurant. "As a leader in home equity
title and valuation, ATI adds another important dimension to the
expansion of our capabilities across the home and mortgage value
chain, to more holistically serve our clients."
American Title's team of approximately 400 professionals will
remain in their current offices in Omaha, Nebraska, and Palm
Bay, Florida. American Title will expand Assurant's businesses
and services in the home equity field. e company was acquired
for $45 million and Assurant expects the transaction to gradually
increase earnings in 2017.
"We have the highest regard for the business the Mackintosh
family and their team have built in ATI, and we welcome them
to Assurant," Campbell said.
American Title, a privately held company, was founded in
1994 and acquired in 2004 by Bill Mackintosh, who led the
company until his death earlier this year. Co-owners Mike
Mackintosh and Ashley Horgan will continue to lead the
business while Assurant and the American Title team work to
create a seamless transition for employees, clients and customers
according to the announcement.
"Joining with a respected Fortune 500 leader builds on
our company's legacy and brings us greater capabilities and
resources," Mike Mackintosh said. "We've always been
committed to our clients, our people and the communities where
we serve. at won't change now that we're part of the broader
Assurant team."
