We’re First Title
Buying property shouldn’t be hard, you should be able to sign a contract and receive the property free from defects, unapproved works and boundary issues. However, this is not always the case.
We’ve got a range of policies
We have policies for buyers and owners of residential and commercial properties.
Rest assured, if you need to make a claim you’ll be supported by exceptional customer service, an efficient claims process, and technical guidance.
We’re part of the First American Financial Corporation
Your policy is provided by First American Title Insurance Company of Australia Pty Limited, trading as First Title.
First Title is part of the international services division of the First American Financial Corporation, which is listed on the New York Stock Exchange (NYSE: FAF). We currently provide title insurance products and services in more than 60 countries.
We’ve got a strong insurer rating
First American Title Insurance Company of Australia Pty Limited has an A (Excellent) financial strength rating, as provided by A.M. Best Company. You can view A.M. Best's Insurers Financial Strength Rating Scale descriptors at ambest.com
We’re a licensed general insurer in Australia
First American Title Insurance Company of Australia Pty Ltd ABN 64 075 279 908 trading as First Title is an Australian general insurance company authorised by the Australian Prudential Regulation Authority (APRA). First Title holds an Australian Financial Services Licence (AFSL) 263876.
We’re a licensed general insurer in New Zealand – overseas policyholder preference
First Title is under the auspices of the Reserve Bank of New Zealand. For all New Zealand claims, an overseas policyholder preference applies.
Under Australian law, in the event of First American Title Insurance Company of Australia Pty Limited being wound up, its Australian assets must be applied to its Australian liabilities, before New Zealand liabilities.
Therefore, New Zealand claimants would be required to wait until all Australian claims against First American Title Insurance Company of Australia Pty Limited had been settled.
Here’s our solvency disclosure
First American Title Insurance Company of Australia Pty Ltd’s solvency margin is as follows:
Actual solvency capital: $46,413,000
Net assets multiplied by 1.2: $45,967,000
Minimum solvency capital: $5,000,000
Prescribed capital amount coverage: 9.28 times or 928%
Prescribed capital amount coverage (net assets): 9.19 times or 919%.
Actual solvency capital: $43,869,000
Net assets multiplied by 1.2: $42, 520,000
Minimum solvency capital: $5,000,000
Prescribed capital amount coverage: 8.77 times or 877%
Prescribed capital amount coverage (net assets): 8.50 times or 850%.
As at 30 September 2023
Financial strength information
Insurer Rating as at 24 October 2024:
First American Title Insurance Company of Australia Pty Limited has an A (Excellent) financial strength rating provided by A.M. Best Company.
A.M. Best's Insurers Financial Strength Rating Scale descriptors are:
A++, A+ (Superior)
A, A- (Excellent)
B++, B+ (Good)
B, B- (Fair)
C++, C+ (Marginal)
C, C- (Weak)
D (Poor)
Financial Strength Non-Rating Designations are:
E (Under Regulatory Supervision or court order to delay or limit policy holder payments)
F (In Liquidation)
S (FSR Suspended due to significant events impacting operations)
NR (Not rated)
Rating Information can be viewed at www.ambest.com.
