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The fourth quarter of 2018 revealed a 14% decline in title orders for the group, highlighting a shift in market activity in the first half of 2019. (Photo: Shutterstock) The fourth quarter of 2018 revealed a 14% decline in title orders for the group, highlighting a shift in market activity in the first half of 2019. (Photo: Shutterstock)

Fitch Rating’s outlook on the title insurance sector is stable with few rating changes anticipated for title insurers in the next 12-18 months.

The market is poised to become more concentrated later on as the four national underwriters that account for 85% of the total industry premiums — Fidelity National Financial Inc. (FNF), First American Financial Corp., Old Republic International Corp. and Stewart Information Services Corp. (STC) — will decline to three with the announced acquisition of STC by FNF. The New York Department of Financial Services disapproved the acquisition application of STC’s New York subsidiary, but both companies are working to gain approval.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected]

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