Edition:
United States

North American Title & Industry Innovator States Title Plan To Join Forces To Create A Leading Title Technology Business


Thursday, 6 Dec 2018 01:00pm EST 

Dec 6 (Reuters) - Lennar Corp ::NORTH AMERICAN TITLE AND INDUSTRY INNOVATOR STATES TITLE PLAN TO JOIN FORCES TO CREATE A LEADING TITLE TECHNOLOGY BUSINESS.LENNAR - NEW COMPANY WILL CONTINUE TO OPERATE UNDER NORTH AMERICAN TITLE BRAND AND LENNAR WILL ASSUME A SUBSTANTIAL MINORITY EQUITY OWNERSHIP STAKE.LENNAR CORP - MAX SIMKOFF WILL REMAIN CEO OF COMBINED COMPANY.LENNAR - NORTH AMERICAN TITLE GROUP, A UNIT OF CO, PLANS TO COMBINE ITS UNDERWRITER & MAJORITY OF ITS RETAIL TITLE BUSINESS WITH STATES TITLE INC.LENNAR CORP - NOAMAN AHMAD WILL JOIN AS CHIEF FINANCIAL OFFICER OF COMBINED COMPANY.LENNAR - DEAL CALLS FOR STATES TITLE TO ACQUIRE NORTH AMERICAN TITLE GROUP'S UNDERWRITER, & MAJORITY OF RETAIL BUSINESS OF NATG'S NATIONAL TITLE AGENCY.