Chris Taylor

Titlesolv UK and Ireland joins US title insurance giant Westcor

Titlesolv UK and Ireland has joined the Westcor family and its UK subsidiary Westcor International.

Having been in the pipeline since early Q1 2020, Westcor now has a strong holding in Titlesolv’s Irish company via share purchase and, in the UK, it has invested in the goodwill and intellectual property of Titlesolv.

Titlesolv has now relinquished its trading name and will operate under the Westcor International brand.

The title insurer, Westcor Land Title Insurance Company, based in Maitland, Florida, was set up 15 years ago.

Its subsidiary Westcor International entered the UK market three years ago, receiving FCA authorisation in 2018.

Westcor sees the UK and Europe as a big opportunity and plans to build on its existing presence, with a vision to become the UK’s most prominent specialist managing general agent (MGA) for insuring land.

Titlesolv is a well-connected MGA with almost 30 years in the sector, and therefore the coming together of the businesses is expected to bring Westcor one step closer to becoming a national leader.

Christopher Taylor, CEO at Titlesolv (pictured above), has led the business for 20 years and will now become director at Westcor International.

He explained that Westcor – which continued to grow throughout the last credit crisis — understands the market for lenders, developers and investors and has a long track record of property transactions of all types.

“This an important move for our business,” he confirmed.

“Our success after almost three decades has been due to the specialist knowledge and niche positioning of our practice.

“Like Westcor, we have always positioned ourselves as an expert and leader in the title insurance sector. 

“The new proposition provides financial strength and stability to adapt to changing circumstances within this niche lending sector.

“Much of the media is reporting on good news this month as lenders work to get back to pre Covid-19 levels, and we will be in a good position to adapt with them – whether introducing new products, expanding funding lines and putting confidence behind trading loans in the capital markets.

“This is an exciting next step for us.”

Mary Odonnell
Mary O’Donnell, CEO and president at Westcor Land Title Insurance Company, has an ambitious vision for the business

Mary O’Donnell, CEO and president at Westcor Land Title Insurance Company, added: “We are delighted to welcome Titlesolv into our group — a reputable brand with the experience we need to expand our presence in the UK and Ireland.

“For three years we have been operating in the UK with a view to expanding our market share in the title insurance sector, and Titlesolv is the perfect match for us.”

Mary has established Westcor as a leading independent title insurer in the US.

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