Statement of Bruce Hoffman, Director of FTC’s Bureau of Competition, on Fidelity National Financial, Inc.’s Decision to Drop Proposed Acquisition of Stewart Information Services Corporation

Following todays announcement by Fidelity National Financial, Inc., Bureau of Competition Director Bruce Hoffman made this statement:

Metadata
Provider: 
FTCFTC
URL: 
https://www.ftc.gov/news-events/press-releases/2019/09/statement-bruce-hoffman-director-ftcs-bureau-competition-fidelityhttps://www.ftc.gov/news-events/press-releases/2019/09/statement-bruce-hoffman-director-ftcs-bureau-competition-fidelity
Retrieved on: 
Tuesday, September 10, 2019
Information
Tags: 
Finance, Money, Economy, Insurance in the United States, Insurance, Insurance industry, Fidelity National Financial, Title insurance, Underwriting, Federal Trade Commission
Summary
Key Points: 
  • Following todays announcement by Fidelity National Financial, Inc., Bureau of Competition Director Bruce Hoffman made this statement:

    Todays announcement from Fidelity National Financial, Inc. and Stewart Information Services Corporation that they will abandon their proposed transaction is good news for everyone who requires title insurance when purchasing real estate in the United States.

  • These customers will continue to benefit from vigorous competition for title insurance underwriting and title information services.
  • You can learn more about how competition benefits consumers or file an antitrust complaint.
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2019 FTC. All Rights Reserved.