X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NU Online News Service, May 19, 6:06 p.m. EDT–Fitch Ratings has put Fidelity National Financial, Inc. on a negative ratings watch as a result of its plans to spin off partially its title operations in the third quarter this year.

Fitch also expressed concern about plans for the new title insurance company to borrow $500 million from a new bank facility and pay a special dividend. “The Rating Watch primarily reflects the increased financial leverage at both the title insurance operations and in FNF overall,” Fitch said in a prepared statement.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Dig Deeper

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.