TRG successfully closes previously announced 'Go Private' Transaction with Doma Holdings, Inc.
09/27/24, 1:42 PM
Location
san franciscoIndustry
commercial real estate
Doma Holdings, Inc. (NYSE: DOMA) has successfully closed on its previously announced plan of merger with Title Resources Group (TRG), one of the nation’s leading title insurance underwriters. As a result of the transaction, Doma’s underwriting division, Doma Title Insurance, Inc., will operate as a subsidiary of TRG, while Doma’s technology division has been renamed Doma Technology LLC ('Doma TechCo') and will operate on a separately capitalized basis.
Company Info
Company info
Title Resources Group – the underwriter built for the real estate industry – is one of the nation's largest title insurance underwriters, according to the American Land Title Association's 2021 market share data. A joint venture with Centerbridge Partners, L.P. and Realogy Holdings Corp., TRG serves title insurance agents in 37 states and the District of Columbia. With $163 million in liquid assets at year-end 2021, its financial strength and stability are rated A' (Unsurpassed) by Demotech, Inc., and B++ (Good) by AM Best Rating Services, and since its inception, the company has consistently operated profitably without a net operating loss in any fiscal year. With a mission to provide knowledgeable and responsive underwriting solutions, TRG is dedicated to growing lifelong relationships and maintaining quality through integrity and financial stability. For more information, please visit www.titleresources.com.