American Lease Insurance Sold to American Bankers Insurance Group
Sunderland, Massachusetts – American Lease Insurance Agency Corporation (ALI) has been sold to American Bankers Insurance Group, Inc. (ABIG), a $10 billion global insurance provider and publicly traded Fortune 500 company.
ABIG will continue to operate ALI and the successful automated ALI ProgramSM of equipment and commercial vehicle insurance and tracking with no planned changes in policies or personnel. ALI President Steve Dinkelaker is assisting ABIG with the transition of ALI and its IT services partner, Integrity Information Solutions, Inc., as a consultant through the end of December 2022, after which time he will retire.
According to Dinkelaker, “I’m pleased to have come to an agreement with American Bankers Insurance Group. As one of our underwriting partners, they have witnessed firsthand our commitment to providing exceptional service to our clients. I’m confident that the ALI team will continue the success of the ALI Program.”
Dinkelaker, a licensed insurance producer credited with the commercial development of lease insurance, founded American Lease Insurance Agency Corporation in 2000. With a dedicated and highly trained staff, ALI has delivered comprehensive portfolio protection to a growing list of major equipment leasing and finance companies throughout North America for more than 22 years. ALI is headquartered in Sunderland, Massachusetts, and is an active member of ELFA, NEFA, and AACFB. For more information, go to www.aliac.net
American Bankers Insurance Group does business as Assurant, Inc. (NYSE: AIZ). Assurant is a leading global business services company that supports, protects and connects major consumer purchases. Headquartered in New York with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and to deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters’ insurance, lender-placed insurance products and other specialty products. For more information, go to www.assurant.com