Newly relaunched Titlesolv to meet rapidly growing demand for risk management solutions in complex property transactions
LONDON, 30 October – Two leading names in title insurance and the legal indemnity solutions marketplace across the UK and Ireland, Titlesolv and London & European, have today announced that they are consolidating under the Titlesolv (www.titlesolv.com) name. The newly re-launched organisation creates a formidable player in the real estate marketplace, leveraging the widely recognised and now refreshed Titlesolv brand and more than 20 years of leading the marketplace for property transaction risk management solutions.
Indemnity and risk management needs for the property sector are increasing in both complexity and volume, particularly as the sector continues to recover rapidly from the economic downturn. Titlesolv will provide the most comprehensive spectrum of insurance policies and solutions for the industry, making it the ‘partner of choice’ for institutional lenders, investors and solicitors alike to effectively mitigate risk and enhance their processes when conducting residential or commercial property transactions.
Considered to be one of the pioneers of title insurance in the UK, Titlesolv has since become a clear market leader. As the trading name of the legal indemnities arm of London & European, Titlesolv has built an unassailable reputation for delivering products and services that help to manage and mitigate risk for increasingly complex property transactions and address even the most unique of insurance needs. Both of these legacies have been drawn upon in the re-engineering of the business under the Titlesolv brand, including more than 60 years of combined underwriting experience.
In addition to highly competitive rates and already standard-setting client service, the range of solutions available from Titlesolv includes:
• An expanded range of Perfect Title products, truly intuitive and intelligent solutions designed to meet the complex needs of the lending industry, including a promise for settlement of all claims within six months. Available solutions have specifically been designed to address the full range of potential requirements, including portfolio management, gap cover, secured lending and distressed assets.
• A new cutting-edge system which provides instant, secure online quotes for many standard cover needs for commercial and residential purchases or refinancing transactions up to £5 million in value, as well as standard inflation protection for all residential transactions (and optional for commercial) to cover the full limit of indemnity selected.
• A full range of highly specialised solutions for highly complex property transaction types, including policies designed specifically for the renewable energy, telecommunications, and retail sectors and for highly technical issues such as judicial review.
Today’s announcement follows the recent acquisition of London & European and the Titlesolv brand by Inter Hannover some months ago. Inter Hannover is a wholly owned subsidiary of Hannover Re, one of the world’s leading reinsurance groups. Since acquiring London & European, Inter Hannover has invested heavily to establish the new Titlesolv as the leading provider of risk management solutions to the property marketplace.
Christopher Taylor, Chief Executive Officer of Titlesolv, commented:
“We are excited to announce the consolidation of our business under a single, even more powerful Titlesolv brand. We see a real opportunity to provide something new – and much needed – to the marketplace in terms of risk management solutions, particularly as the property sector continues to regain its momentum. The strategic investment from Inter Hannover has allowed us reorient the business to ensure that intelligent thinking, market intuition and innovation powered by ground-breaking technology are at the heart of everything we do.
“Bringing together an inspired team with some of the greatest minds in the sector who pride themselves in delivering intelligent and intuitive solutions every day, we are now poised to become the most trusted and preferred provider of title and indemnity insurance needs for the property sector in the UK and Ireland.”