|By PR Newswire||
|October 4, 2012 06:41 AM EDT||
LONDON, October 4, 2012 /PRNewswire/ --
Secure Legal Title Ltd. announces the registration at Lloyd's of London of the Secure Legal Title Cover, providing legal indemnity and title insurance for commercial property in the UK and throughout Europe.
Reduces Risks for Property Investors & Lenders
The Secure Legal Title Cover protects against losses arising from legal risks related to real estate acquisitions and mortgage finance by:
- Covering defects in land titles, including restitution issues, planning permission and building permits;
- Facilitating property sales and mortgage participations;
- Insulating fiduciaries against exposure to litigation.
At a time when institutional investors and banks are increasingly risk averse and subject to stricter regulations, legal indemnity and title insurance are becoming important tools for investors and lenders to reduce risk.
Lloyd's Financial Strength
The Secure Legal Title Cover is underwritten by Lloyd's of London, led by Catlin Syndicate 2003, the largest syndicate at Lloyd's, and is backed by Lloyd's financial strength.
Founded & Owned by Management
Secure Legal Title Ltd. was formed by four senior insurance industry professionals: Sean Dalton, Chairman, has created and run leading Lloyd's syndicates and agents; Joel S. Peck, CEO, and Jean-Bernard Wurm, Managing Director, previously launched and managed two top US title insurance companies in Europe; and Geoffrey Lynch OBE, Underwriting Officer, has extensive experience as an underwriter at Lloyd's.
Secure Legal Title Limited is an Appointed Representative of SSL Insurance Brokers Ltd., a Lloyd's Broker and Lloyd's Coverholder for The Secure Legal Title Cover, and is authorised and regulated by the Financial Services Authority.
Secure Legal Title Limited is registered in England & Wales, Number: 07379672, with its Registered Office at 20 Old Broad Street, London EC2N 1DP.