Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUNA Mutual sells equipment insurance business
MADISON, Wis., and CINCINNATI (7/6/11)--CUNA Mutual Group has sold its equipment insurance business, based in Wauwatosa, Wis., to Great American Insurance Group of Cincinnati. Great American announced Friday it has entered into an agreement with CUNA Mutual to offer its equipment management products to organizations such as credit unions that previously purchased the Equipment Maintenance Insurance product underwritten by CUMIS Insurance Society Inc. CUMIS is a member of CUNA Mutual. Great American said it expects the transaction to expand its market share in equipment management for the credit union and financial services segments. Under the agreement, Great American will immediately assume responsibility for the underwriting and servicing of the CUNA Mutual portfolio and for the operations and staff in the Wauwatosa offices. CUNA Mutual said it was important to find a buyer with the same level of commitment to credit unions and their members. Noting that Great American “is dedicated to this line of business, has a great service reputation and strong financial strength ratings,” John Wallace, CUNA Mutual vice president of credit union protection, said, “We know our customers will be well taken care of.”
Other Resources

RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
19 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
20 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
22 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
1 Day ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
1 Day ago