September 2,2010 - Jacksonville, FL - Fortegra Financial
Corporation announces its acquisition of United Motor Club of
America, of Paducah, KY, on September 2, 2010. This strategic
acquisition exapnds the product line that Fortegra's Payment
Protection Division offers to it consumer finance and other lending
institution clients.
United Motor Club provides automobile membership plans, which
are offered by its consumer finance clients to their borrowers.
"Joining forces with United Motor Club immediately expands Life of
the South's presence in the motor club membership market and
positions the combined companies as a one-stop provider and
administrator of ancillary products sold by lenders," stated Joe
McCaw, President of Fortegra's Payment Protection Division. Life of
the South is a strategic marketing, manufacturing and
administration provider of financial products and solutions and is
the brand under which Fortegra's Payment Protection Division
operates.
Ric Webster, President of United Motor Club, stated that Life of
the South was a natural partner given that both companies emphasize
customer services and build long-standing relationships with their
clients.
"We are excited about the opportunities that United Motor Club
brings to our Payment Protection platform. We will have significant
cross-selling opportunities across our respective client bases and
will explore new distribution channels for their membership plans.
Moreover, we will continue Ric's leadership of United Motor Club to
assure that we mantain the highest level of service as we integrate
those operations with our existing lines of business," said Richard
S. Kalbaugh, CEO of Fortegra Financial.
About Fortegra
Fortegra Financial offers a broad range of finanical insurance
services, including payment protection products, property and
casualty wholesale brokerage, life wholesale brokerage and
reinsurance intermediary services, captive management, mass
marketing, and administration and business process outsourcing,
third party policy and claims administration, and commercial
collections and collateral recovery. The Company's broad and varied
customer base includes the nation's most recognized banks,
financial institutions and retailers as well as large variety of
regional and local financial concerns and insurance carriers and
agencies. Additional information about Fortegra can be found at www.fortegra.com.
For more information Contact:
Ginny Simon, Project Marketing,
gsimon@projectmarketing.com
610-889-2036