FATIC Buys Denver Title Insurer

First American Title Insurance Co., Santa Ana, Calif., has acquired United General Financial Services Inc., a privately held Denver-based title insurance underwriter.The purchase price was not disclosed. United General had been owned by its management, including president and chief executive John P. Dwyer since 1995. Gross revenues have increased from $38 million in 1995 to $208 million in 2004. It is licensed in 36 states and the District of Columbia. Based on 2003 market share data from the American Land Title Association, United General is the 6th-largest title insurer by geographic coverage, with a 1.64% national market share. FATIC president Gary L. Kermott said his company plans to expand United General into "a major national brand." Mr. Dwyer will continue as president of United General as well as take on the role of regional vice president with FATIC.