News: Financial Digest

CATIC opens a new National Commercial Services Office located at CityPlace II in Hartford, CT

CityPlace II, 185 Asylum Street - Hartford, CT CityPlace II, 185 Asylum Street - Hartford, CT

Hartford, CT CATIC, New England’s largest domestic and only Bar-Related title insurance underwriter, opened a National Commercial Services Office located at CityPlace II – 15th Floor, 185 Asylum St. CATIC National Commercial Services will operate from this office and will assist title agents with their commercial deals throughout the United States.

Founded in 1966, CATIC is an underwriting member of the American Land Title Association (ALTA), the New England Land Title Association (NELTA), as well as the North American Bar-Related Title Insurers, and offers ALTA policies and expanded protection policies for both residential and commercial properties throughout New England. For its stability and dependability in the market, CATIC has earned an “A” rating from Demotech.

“CATIC is a leading title insurance underwriter, with a strong and longstanding commitment to the greater Hartford region, and we’re thrilled to welcome CATIC to downtown Hartford,” said mayor Bronin. “CATIC recognized the importance of having a presence right in the heart of our capital city.”

CATIC has also hired the following CATIC National Commercial Services employees:

• Amy Arcano, vice president and commercial underwriter/national commercial services manager;

• Eliot Streim, vice president and state counsel;

• John Thomas, senior title counsel;

• Anthony Lombardi, title counsel;

• Michael Shannon, vice president and national commercial sales manager; and

• Denise Boucher, agent services coordinator.

Collectively, the members of this team come with decades of both commercial and residential real estate expertise and will focus on expanding CATIC’s existing commercial underwriting footprint.

“For the first time in CATIC’s 50 year history, we now have an office in downtown Hartford. The office will be dedicated to servicing the title insurance needs of commercial real estate attorneys and law firms. The primary focus of CATIC’s new Commercial Division will be on real estate transactions in the $5 million to $500 million range. The office is fully staffed with experienced counsel and underwriters and is operational. “said James Czapiga, Esq., CATIC’s president and CEO.

With its corporate headquarters located in Rocky Hill, Conn., CATIC, the major operating subsidiary of its parent holding company, CATIC Financial, Inc., now has eight offices throughout New England and is currently licensed in Connecticut, Massachusetts, Rhode Island, Vermont, Maine and New Hampshire.

The company issues its title policies through a network of more than 2,000 attorneys, providing high-quality professional services to our policy-issuing attorneys, insured lenders, home-buyers, and other members of the real estate community.

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