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LandAmerica Financial’s Mexican subsidiary wins licensing approval

LandAmerica Title Insurance Company of Mexico, a subsidiary of LandAmerica Financial Group, has received licensing approval from the Mexican government to operate as a title insurance underwriter in the country.

Mexican licensing provides several advantages over traditional cross-border policies to buyers, sellers, developers and lenders. These include the legal ability to issue policies and other paperwork directly to Mexican insureds, plus the ability to place human and physical resources in the country.

LandAmerica Title Insurance Company of Mexico (LATIM) is headquartered in the central Mexican city of San Miguel de Allende with a satellite office in North Baja. The company is planning to establish offices in South Baja and on Mexico’s Pacific and Caribbean coasts.