Essent Group completes $100m acquisition of title insurers

Bermuda-registered Essent Group has completed its $100 million acquisition of title insurance companies Agents National Title Holding Company and Boston National Holdings from a subsidiary of Finance of Americas Companies.

The purchase, which was carried out by Essent US Holdings from FoA subsidiary Incenter, was previously announced on February 2, 2023.

Agents National Title, a title insurance underwriter based in Missouri, issues title insurance products through a network of title insurance agents. Boston National Title, an independent title agency based in North Carolina, provides title and settlement services.

According to an SEC filing by FoA, a cash payment of $92.6 million was made in accordance with the companies’ purchase agreement.