CHICAGO, Jan. 30 /PRNewswire/ -- The combined Boards of Directors of
Chicago Title and Trust Co. (CT&T) and Chicago Title Insurance Co. (CTIC) have
elected Paul T. Sands Jr. executive vice president and general counsel for
both companies. The announcement was made by John Rau, president and chief
executive officer, CT&T and CTIC.
"Paul Sands has served the company ably in a variety of capacities for
28 years," said Rau. "In this new capacity he will be responsible for all
operating risk management including underwriting, business and administrative
practices, claims and recoupment for CT&T and its subsidiaries. This
promotion is well-deserved, and I am delighted that he will fill this vital
role."
Sands began his career with the company in 1969 as an examiner trainee.
In recent years, he has served in a variety of capacities including director
of Information Services, acting general counsel, director of Real
Estate-Related Services and president of the Chicago Technology Services Corp.
During his tenure in the Real Estate-Related Services area, Sands was
responsible for the acquisitions of National Flood Information Services Inc.,
Credit Data Reporting Services Inc. and Market Intelligence Inc. These
acquisitions were a key element of CT&T's strategy to expand its range of real
estate services to include flood certifications, credit reporting and property
evaluation products.
Sands' former positions include resident vice president and branch
manager, Louisville, Ky., and Kentucky area manager. In 1983, he was elected
vice president and named Indiana manager. He then served as Cleveland area
manager from 1985 to 1991, and as area manager for Ohio, Tennessee and Western
Pennsylvania operations.
From October 1991 through late 1992, Sands was project leader for Project
Nimble Leader, a program designed to better align company support activities
with the objectives of business units. He then assumed responsibility for the
company's Information Services department in October 1992 and was elected
senior vice president of CTIC in 1992 and senior vice president of CT&T
in 1994.
Sands received his bachelor's degree from Loras College, Dubuque, Iowa, in
1965; his juris doctor from the University of Oklahoma in 1968; and a master's
degree in business administration from Case Western Reserve University,
Cleveland, in 1987. He and his wife, Mary Ann, live in Prospect Heights, Ill.
Chicago Title and Trust Co. is the source of real estate services,
providing title insurance, escrow and closing services, as well as appraisal,
credit and flood certification products through a network of more than
250 offices and approximately 3,700 agents nationwide. The Chicago Title and
Trust Family of Title Insurers -- including Chicago Title Insurance Co., Ticor
Title Insurance Co. and Security Union Title Insurance Co. -- together issues
approximately one in every four title insurance policies in the United States
with annual gross revenues in excess of $1.3 billion. CT&T also is the parent
company of National Flood Information Services Inc. of Arlington, Texas;
Credit Data Reporting Services Inc. of Kingston, N.Y.; and Market Intelligence
Inc. of Hopkinton, Mass. Chicago Title and Trust Co. is a wholly-owned
subsidiary of Alleghany Corp. (NYSE: Y).
SOURCE Chicago Title Insurance Co.
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CONTACT:
Barbara J. Harms, 312-223-2461, or Stephen W.
Flanagan, 312-223-2959, both of Chicago Title and Trust Co.
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