First Title

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.

Safeguard your property from unknown potential risks.

Buying property is exciting, but it’s also a serious undertaking that comes with risks. Title insurance is a simple policy that could protect you from unknown property ownership risks that threaten your right to occupy and use your land. 

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: $34,544,000
Minimum solvency capital: $5,000,000
Solvency margin: $29,544,000 or 6.9088 times
Solvency ratio: 691%As at 30 June 2022

Actual solvency capital: $27,862,000
Minimum solvency capital: $5,000,000
Solvency margin: $22,862,000 or 5.5724 times
Solvency ratio: 557%.

As at 30 June 2021

Financial strength information

Insurer Rating as at 30 April 2021:

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)

Learn more here.