Doma Holdings closes previously announced go private transaction
Doma announced that it has closed on its previously announced plan of merger with Title Resources Group, one of the nation's leading title insurance underwriters, following the receipt of all required stakeholder approvals. Doma's underwriting division, Doma Title Insurance, will operate as a subsidiary of TRG. Doma's technology division, renamed Doma Technology, will operate on a separately capitalized basis, with a new board chaired by mortgage technology leader Alan Colberg, former Chief Executive Officer of Assurant. TRG and Doma TechCo will operate as sister companies, with Centerbridge Partners, the largest shareholder in TRG and, through a subsidiary, the majority owner of Doma TechCo. Hudson Structured Capital Management, which also participated in the transaction, will hold a significant ownership stake in Doma TechCo.
