Stewart Title Ltd. Opens Office in Budapest, Hungary.LONDON -- Stewart Title Ltd. has announced the opening of its new office in Budapest, Hungary. Stewart Title Ltd. is the primary underwriter for European transactions for Stewart Information Services See Information Systems. Corp. (NYSE NYSE See: New York Stock Exchange :STC STC Supplemental Type Certificate (FAA) STC Society for Technical Communication STC Subject to Change STC Surf the Channel (website) STC Sound Transmission Class STC Singapore Turf Club ). Stewart has appointed Gabor Kovats as the Business Development Manager for Hungary. Mr. Kovats joins Stewart with nearly 10 years of experience in the financial and real estate industries. He will be responsible for introducing new business and maintaining the current business and relationships within the Hungarian market. "Stewart Title Ltd. prides itself on providing our clients with local, experienced professionals," said Steven M. Lessack, chief executive officer, Stewart Title Ltd. "The Hungarian title insurance industry is growing and the opening of our Budapest office and the addition of Gabor will ensure that we are there to fully support and become an essential resource to our clients." Stewart Title Ltd. has already closed several transactions in Hungary, including one that involved the Budapest Stock Exchange Budapest Stock Exchange Established in 1864, the major securities market of Hungary. and another that involved a chain of retail malls. Recently, the company celebrated the milestone of underwriting nearly [euro]4 billion in title insured transactions within Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. alone. "As the leader in Central Europe, we will continue to expand our operations and create innovative products to settle transactions efficiently and with reduced risk for our clients," concludes Lessack. Stewart Title Ltd. provides title insurance for residential and commercial properties and an array of other country-specific products and services. Stewart's services are available throughout Europe. The executive office in London will oversee the Budapest office in addition to the United Kingdom operations, Spain, Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , Poland, Slovakia, Slovenia, Turkey, Romania and Australia. Stewart Title Ltd.'s Budapest Office is located at the Bank Center, Citibank Tower, Szabadsag sqr 7, Budapest 1054, Hungary and tel: +36/ 1 474 8109, fax: +36/ 1 474 8181, mobile: +36/ 70 776 5644. About Stewart Title Ltd. Stewart Title Ltd. is a UK insurance company, regulated by the Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. . The company delivers a host of title indemnity products, streamlining the conveyancing con·vey·anc·ing n. The branch of legal practice dealing with the conveyance of property or real estate. conveyancing Noun the branch of law dealing with the transfer of ownership of property and closing process and helping solicitors and attorneys creatively overcome difficult title situations. Visit www.stewarttitle.co.uk for more information. About Stewart Stewart Information Services Corp. is a technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,000 policy-issuing offices and agencies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and international markets. Stewart also provides post-closing lender services, default management solutions, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at www.stewart.com. |
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