Stewart Information Services Corporation

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Stewart Information Services Corporation
Type Public
Traded as NYSESTC
Industry Financial services
Founded 1893
Headquarters 2 Post Oak Central
Houston, Texas, USA
Area served United States
Key people Thomas G. Apel (Chairman)
Matthew W. Morris (CEO)
Products Title insurance
Revenue Decrease US$ 1.365 billion (2011)[1]
Operating income Increase US$ 18.00 million (2011)[1]
Net income Increase US$ 2.300 million (2011)[1]
Total assets Increase US$ 1.146 billion (2011)[1]
Total equity Increase US$ 463.5 million (2011)[1]
Employees 5,600 (2011)[1]
Website www.stewart.com

Stewart Information Services Corporation (SISCO) is a provider of title insurance and other real estate services in the US and abroad based in Houston, Texas, USA. Founded by Maco Stewart[2] in 1893 in Galveston, Texas, the company has grown to offer title insurance policies and escrow services in more than 80 countries.[3][4] It was number four on the 2007 FORTUNE magazine’s "America’s Most Admired Companies" in "Mortgage Services". It was also number 703 on the Fortune 1000 list in 2006.

History[edit]

Stewart Information Services Corporation was founded on the island city of Galveston, Texas, in 1893 when Maco Stewart, a young Galveston attorney, purchased the Gulf City Abstract Company. Maco would later be joined by his brothers, Minor and Clegg Stewart, as well as his brother-in-law, W.C. Morris, in growing the company.[2] In 1905 Stewart purchased a three story, Victorian Italianate style building, in which to house his growing business. This building, which still houses a company division today, would remain the headquarters of the company until 1974, when new a new home office was constructed in Houston.[2][3] On December 1, 2005, First Lenders Data, Inc announced a strategic alliance with Stewart Mortgage Information.[5] On December 2, 2005, Stewart Title Limited announced the appointment of Steven Lessak as the company's new chief executive officer and the opening of its new executive office in London, England.[6]

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