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The latest in DAC news

A.M. Best Removes From Under Review With Positive Implications and Affirms Credit Ratings of Dealers Assurance Company

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has removed from under review with positive implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Dealers Assurance Company (DAC) (Columbus, OH). The outlook assigned to these Credit Ratings (ratings) is positive.The ratings reflect DAC’s balance sheet strength, which A.M. Best…

Dealers Assurance Company Has Been Acquired by iA Financial Group of Canada

Columbus, OH (January 24, 2018) – Dealers Assurance Company (DAC) announced today that its acquisition by iA Financial Group (iA) of Canada has been completed. When announced on September 21, 2017, the acquisition was subject to regulatory approval. All approvals have been received, and DAC is now a fully owned subsidiary of iA.Founded in 1892, iA is one of the largest life and health insuranc…

PALS 2017: Providers Sweat the Details by Kristen Gruber

Posted on January 10, 2018 by P&A MagazineSentiments expressed during a P&A Leadership Summit Panel demonstrate that F&I product providers are troubled by the same issues that keep dealers and agents up at night.By: Kristen GruberFor those of you who didn’t make it to the 2017 P&A Leadership Summit, you missed a good panel discussion about what keeps industry leaders awake at…

A.M. Best Places Credit Ratings of Dealers Assurance Company Under Review with Positive Implications

OLDWICK, N.J., October 6, 2017— A.M. Best has placed under review with positive implications the Financial Strength Rating (FSR) of A- (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Dealers Assurance Company (DAC) (Columbus, OH).The company is being placed under review after the proposed acquisition by Industrial Alliance Insurance and Financial Services Inc.

iA Financial Group Expands Its Car Dealer Business to the US

QUEBEC CITY, Sept. 21, 2017 /CNW Telbec/ – iA Financial Group announces that it has signed an agreement to acquire the shares of privately-owned, US-based Dealers Assurance Company and Southwest Reinsure, Inc. (collectively “DAC”) for a purchase price of US$135 million. Founded in 1985 and based primarily in the Southwest US, DAC manufactures and distributes vehicle service contracts, or…

DAC’s A- (Excellent) Financial Rating Affirmed by A.M. Best

Columbus, OH (December 14, 2016) – Dealers Assurance Company (DAC) announced today that the A.M. Best Company has once again affirmed DAC’s Financial Strength Rating of A- (Excellent). This is the 31st straight year that DAC has received this rating. In addition, DAC’s designation as an A.M. Best Financial Size Category VII company was also affirmed. Commenting on the A.M. Best report,…

P&A Magazine’s View From The Top with Kristen Gruber

P&A Magazine “An Interview with Kristen Gruber”

Posted on June 18, 2014 | By: Jennifer Carter Nebrich

On January 1st, Kristen Gruber was welcomed on board with Dealers Assurance Company, (DAC), as their new president. Since then, she has been focused on developing a new management team and creating the infrastructure needed to grow the business. She has spent the last four months putting…

DAC Passes $50 Million in Capital and Surplus—Reaches Financial Size Category VII

Columbus, OH (April 28, 2014) – Dealers Assurance Company (DAC) is pleased to announce that DAC has become an A.M. Best Financial Size Category VII company. Previously, DAC was a Category VI company. Category VII designates companies whose policyholder surplus totals between $50 million and $100 million. DAC surpassed $50 million in capital and policyholder surplus at the end of…

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Dallas, TX
15920 Addison Road
Addison, TX 75001
TF: 800-282-8913

Columbus, OH
240 N. Fifth, Suite 350
Columbus, OH 43215
TF: 800-282-8913
DR: 614-459-0364
FX: 614-459-2665

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