Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CU provider IWS sells assets to Kingsway
BOCA RATON, Fla. (11/20/12)--Intercontinental Warranty Services Inc. (IWS), a provider of after-market vehicle protection services to credit unions nationwide, will sell certain assets to a Kingsway Financial Services Inc. affiliate.

Current management, led by James H. Hawk, IWS president/CEO, will remain in place.

IWS provides vehicle service agreements, mechanical breakdown insurance, and guaranteed asset protection to credit unions' members in conjunction with their auto loans.

Kingsway owns several companies connected with the insurance industry and specializes in helping them build value. It will rely on the IWS management team to ensure continuity and maintain its relationships with existing credit union clients while continuing to grow its business, said Larry G. Swets Jr., Kingsway CEO.

The change of ownership will be essentially transparent to client credit unions, but enhancements will include a broader product line, greater staff resources, and improved technology, Hawk said.


RSS





print
News Now LiveWire
Sony hack linked to N. Korea, says U.S.intelligence via @nytimes http://t.co/fE3PtMgEFz
51 minutes ago
.@CUNAMutualGroup Klewin shares final thoughts, forecast on lending regulations with @cumagazine before retiring http://t.co/v78QY3QwqB
3 hours ago
Current @CUNA COO @JillTomalin promoted to deputy chief of staff
4 hours ago
#CU Effect:@ChartwayFCU 'branch of the future' 2 benefit members, staff. 2nd installment of new News Now series here:http://t.co/ImBY4nupEj
4 hours ago
U.K. regulators have given formal authorization for the @c_of_e to form a #creditunion.
5 hours ago