Westcor Land Title Insurance Company, one of the nation's fifth largest underwriters, plans to increase its share of the commercial market with the opening of a New York office and the appointment of two top executives to head the company's new commercial and international services division. The new office occupies 5,000 s/f at 488 Madison Ave. on the 11th floor.
Until now, the Florida-based company specialized primarily in residential transactions.
Jason Gordon, the new senior vice president and senior vice president/director Carmel Caramagna will lead the new commercial division that will focus on handling large commercial deals out of the New York City office.
"We are excited to enter the large national commercial marketplace and grow Westcor's reach," said Gordon, who recently joined Westcor from Fidelity National Title Insurance Company where he was Vice President and Counsel in the National Commercial office located in New York City.
Gordon also oversaw FNF Title International Holding Company, the international title insurance division of Fidelity National Financial (NYSE: FNF) for six years and was on the board of directors for Fidelity National Title de Mexico and FNF Title Insurance Company Ltd (Malta).
Caramagna joined Westcor from Houston Casualty Company where she was a senior vice president in the New York City office for the past eight years in charge of HCC's title reinsurance program. Before joining Westcor, Ms. Caramagna worked for Houston Casualty Company, ACE Capital Re and Chicago Title. She is also licensed to practice law in New York, New Jersey and Massachusetts.
"What's unique about Westcor is that we do not compete with our agents," added Ms. Caramagna. "We have local expertise in each jurisdiction and offer personalized, timely and responsive service to all our clients." Tags: