Fitch: Title Insurance Industry Capital Adequacy Improves but Weak Versus Historical Norm

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has completed its study on the U.S. title insurance industry's risk-adjusted capital (RAC) position at year-end 2010. "While 2010's result is the second consecutive year of improvement in the industry RAC ratio, and is the highest in the last four years, from a historical perspective, a 143% 2010 industry RAC ratio is still well below longer term averages," said Gerry Glombicki, Director at Fitch Ratings and Title Insurance Sector Head. "While Fitch believes that the industry remains adequately capitalized as a whole, capital strength is clearly a concern for specific companies," added Glombicki.

For a copy of the report 'Title Insurers' Risk-Adjusted Capital Adequacy at Year-End 2010', dated June 6, 2010, please see the Fitch Ratings web site 'www.fitchratings.com' under the following sectors:

'Financial Institutions, 'Insurance' and 'Special Reports'.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: Title Insurers' 2010 Risk Adjusted Capital Adequacy

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=636890

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Fitch RatingsBrian Bertsch, +1-212-908-0549
Media Relations, New York
[email protected]
orGerry Glombicki, +1-312-606-2354
Director
Fitch, Inc.
70 W. Madison Street
Chicago, IL 60602
orDafina M. Dunmore, +1-312-368-3136
Director

Source: Fitch Ratings