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Armour Group completes investment in SLT

Bermuda-based Armour Group has announced that an affiliate has completed a majority investment in Secure Legal Title Limited (SLT).Armour Group is a group of insurance, reinsurance, investment management and service companies which specialise in the creation and implementation of solutions and acquisitions within the distressed, discontinued and other specialty sectors of the global insurance and reinsurance marketplace.SLT was created by its founders, including Sean Dalton, Joel Peck and Jean-Bernard Würm as a European-focused, specialty commercial title insurance business.The founders will continue to have material ownership in SLT and will drive the build-out of the SLT business model going forward. SLT offers its products for legal indemnity and title insurance related to commercial property in the UK and Europe through A+ rated underwriting capacity provided by Lloyd’s of London and lead by Catlin Syndicate 2003.“We are excited about this opportunity and the prospects for growth in the niche identified by SLT,” said John Williams, President of the Armour Group. “We are very pleased to have concluded this investment in SLT and look forward to working closely with the three founders in building and developing the business that they have created.”According to Armour Group, the SLT product protects against losses arising from legal risks related to real estate acquisitions and mortgage finance by covering defects in land titles, including restitution issues, planning permission and building permits, facilitating property sales and mortgage participations and insulating fiduciaries against exposure to litigation.