The Company intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. This news release contains forward-looking statements within the meaning of the U.S. Blueprint's subsidiary, Southwest Land Title Insurance Company, is a title insurance underwriter (NAIC #15305). *Blueprint's subsidiary, Construct Title Company, LLC dba Blueprint Title, is a licensed title insurance agency (NPN 17886901). Founded in 2017 and headquartered in Nashville, TN, Blueprint's agency, Blueprint Title, is licensed in 26 states and operational in 19. Blueprint owns an agency and underwriter that, combined, help modernize how real estate closings work. I’m thrilled to welcome them to the Company.”īlueprint believes in a world where closing real estate transitions isn't painful. The team at Greenlight Re understood that mission from our first conversation - insurance doesn’t have to be complicated and frustrating. At Blueprint, we use technology, transparency, and innovative insurance models to empower buyers and sellers and to remove friction from the process. The ‘Single Family Residential’ asset class should be accessible to all, and that’s only possible if title and escrow take a modern approach to transactions. Steve Berneman, Chief Executive Officer at Blueprint, said, “Buying real estate has been too difficult for too long. The title market is well-suited to innovative solutions, and we are pleased to partner with Blueprint as they look to transform this market through innovative technology, automated processes, and competitive pricing.” Simon Burton, Chief Executive Officer at Greenlight Re, said, “Title insurance is the perfect example of an inefficient marketplace with high expense ratios.
Blueprint’s modernized title closing platform also facilitates an efficient and seamless closing process. Blueprint reduces these costs by centralizing underwriting and agency operations under a full-stack carrier, significantly reducing the expenses per file. The title insurance market has historically experienced outsized expense ratios driven by agency commissions. (“Blueprint”), a full-stack title insurance company with a focus on digitalization and integration of technology.* (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), has announced an investment in Blueprint Holding Co., Inc.
11, 2021 (GLOBE NEWSWIRE) - Greenlight Re Innovations (“GRI”), part of Greenlight Capital Re, Ltd.
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