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FNTG Sets 2013 Reinsurance Limits
The self-imposed risk retention limits for the Fidelity National family of title insurers have been established for 2013. Owing to a series of corporate mergers effectuated in 2010, Lawyers, Security Union, Ticor and Ticor of Florida no longer appear on the list. For regulatory reasons, Alamo (which does not do business in NJ) is excluded from the aggregate limit.

If a company is asked to issue a policy in an amount greater than the retention limit in a particular transaction, it will minimize its risk by ceding reinsurance to another insurer. Typically, reinsurance will be ceded to other companies within the corporate family, if possible. The normal aggregate limit is $1,350,000,000, which approximates the sum of the individual limits of each of the insurers listed below. This may be broken down as follows (in alphabetical order):

Company
Amount
Chicago Title
670,000,000
Commonwealth Land Title
239,000,000
Fidelity National Title
445,000,000
Fidelity Family Limit
$1,350,000,000

 
Although the sum of the individual limits is $1,354,000,000, it has been rounded to $1,350,000,000 for convenience. Thus, a policy in the face amount of $1,350,000,000 can be issued without the need to cede reinsurance to insurers outside the corporate family.
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