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Stewart Information’s Eppinger to capitalize on century-old title insurance brand

Stewart Information’s Eppinger to capitalize on century-old title insurance brand

One of Houston’s oldest companies is hoping for a revival.

After a shaky few years that included a failed merger, tangles with activist investors and a board reshuffling, a new CEO at title giant Stewart Information Services Corp. has been focused on growing the business through acquisitions and extracting value from the 127-year-old brand.

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The latest acquisition, announced last month, was a portfolio of 57 title offices the company owned by ET Investments. Stewart paid $105 million for t4he offices, a deal that will grow its presence in Arizona, Colorado and Nevada.

Through subsidiary Stewart Title Co., the company provides title insurance and real estate services to homebuyers and sellers, real estate agents, lenders, builders and others in the real estate industry.

Frederick Eppinger, a Stewart director since 2016, took over a year ago following his retirement as chief executive of Massachusetts-based Hanover Insurance Group, a struggling company he expanded geographically and helped rebuild into a $5 billion business.

Eppinger spoke with the Chronicle about the real estate market, the pandemic and

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Lufax Holdings Looks To Capitalize On Ant Group’s Fintech Interest With An NYSE Listing

Lufax Holdings Looks To Capitalize On Ant Group’s Fintech Interest With An NYSE Listing

Key News

Asian equities were largely higher on light volumes, though the 50 stock Hang Seng Index was off a touch/-0.2% after rising off its intra-day low of -0.9%. The broader Hang Seng Composite gained +0.3% and the 204 Chinese companies listed in Hong Kong within the MSCI
MSCI
China All Shares Index gained +0.35%. Volumes have been anemic during the Chinese holiday, though things should pick up tomorrow as Shanghai & Shenzhen come back online. US-listed Chinese A-share ETFs are anticipating a healthy +3% open for the Mainland market tonight.

There was another quiet night in Hong Kong as the US focuses on the election and stimulus. Hong Kong volume leaders were Alibaba
BABA
Hong Kong, which gained +0.49%, Tencent, which was unchanged, Xiaomi, which fell -3.92%, Meituan Dianping, which fell -0.37%, BYD, which rose +5.94%, Sunny Optical, which rose +2.87% on the coming Apple
AAPL
release, Ping An Insurance, which gained +0.38% after Lufax Holdings, backed by Ping An Insurance, filed for a US listing, and JD.com Hong Kong, which was off a James Bond -0.07%. Macau gaming stocks were off as the Golden Week was less than Golden, based on weak visitor data due to coronavirus travel restrictions. Things should pick up tonight with Stock Connect, Shanghai, and Shenzhen reopening, though I predict volumes will really pick up next week. 

Mid-day yesterday, we had the announcement that the US would target Chinese mobile

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