CUNA Mutual acquires funeral insurance coverage business for $1.3 billion | Business Information
CUNA Mutual Group, 5910 Mineral Point Street.
CUNA Mutual Team will acquire a prearranged funeral insurance and final costs business enterprise serving 2 million prospects for about $1.3 billion.
CUNA Mutual, centered in Madison, will acquire Global Preneed from Assurant, a significant insurance plan company centered in New York. The acquisition allows the firm to offer more protection alternatives to center course shoppers, CEO Robert Trunzo stated.
“CUNA Mutual Group continues to be committed to serving to credit rating unions and other strategic companions excel at achieving and addressing consumers’ demands,” Trunzo stated. “Eventually, we are operating to assure a brighter financial potential is obtainable to everyone.”
CUNA Mutual presently serves about 30 million shoppers and has much more than $28 billion in assets. Trunzo stated the firm will go on to extend its own expert services, obtain other individuals and kind partnerships to establish up its portfolio and “assistance out strategic priorities, shield even a lot more shoppers and increase our sources and money power.”
CUNA Mutual Team to tear down round Mineral Point Road developing
CUNA Mutual will preserve its prolonged-standing partnership with Assurant to offer automobile mechanical mend protection to CUNA Mutual’s credit history union members.
Assurant CEO Alan Colberg claimed the company sold the prearranged funeral insurance coverage enterprise to more emphasis the enterprise on its life-style and housing insurance coverage organization.