Case Credit Forms Eagle Global Insurance; Teams with Universal To Offer Insurance for Dealers.RACINE, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .--(BUSINESS WIRE)--April 14, 1998--Case Credit Corporation, the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. arm of Case Corporation (NYSE NYSE See: New York Stock Exchange :CSE (Certified Systems Engineer) See Microsoft certification. ), today announced the formation of Eagle Global Insurance Company Limited to serve as a platform for expanding its insurance business. Case Credit also announced that it will team with Universal Underwriters Group to offer business insurance for U.S. equipment dealers. This is the first initiative involving Eagle Global. The insurance package, underwritten by Universal Underwriters, includes the Equipment Dealer UNICOVER(R) policy, one of the most comprehensive insurance policies on the market written exclusively for equipment dealers. Coverage includes, but is not limited to, property, crime, garage liability and automotive. "The formation of Eagle Global is consistent with our business strategy, which focuses growth on new products, geographic expansion and new industries," said Kenneth R. Gangl, Case Credit president. "And the dealer insurance written by Universal is a perfect complement to the superior products and services already available through Case Credit. For 40 years we've been crafting innovative, flexible financing solutions for our customers. Now, together with Universal, we're working to protect another valuable asset -- our dealers." "Universal Underwriters is proud to be associated with Case Credit. This new relationship reaffirms our commitment to providing equipment dealers with new, innovative products and services designed specifically for their unique needs," stated Mike McHugh Mike McHugh (born August 16, 1965, in Bowdoin, Maine) is a former National Hockey League left wing. He was drafted by the Minnesota North Stars with the first pick in the 1988 NHL Supplemental Draft. , senior vice president, dealer division, Universal Underwriters Group. "We look forward to a long, successful relationship with Case Credit and the dealers we both serve." Universal developed the insurance program with the help of equipment dealers who are members of their Equipment Dealer Advisory Council. "It was written for dealers, by dealers who know the business," McHugh said. Universal provides additional benefits, including fast, efficient reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. for claims, safety walk-throughs and programs designed to educate dealers on loss prevention and risk management. In case of a disaster, a major loss team is on call and has the authority to settle claims on the spot. "By forming Eagle Global and teaming with Universal, Case Credit continues to reinforce its commitment to providing superior financing solutions that meet the needs of the equipment industry," added Gangl. Universal Underwriters Group, a subsidiary of Zurich Insurance Company, is committed to providing customized insurance protection and services to equipment dealers. With more than 75 years in the insurance business, Universal has more than $1 billion in assets and an "A+" rating by A.M. Best. Case Credit Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Case Corporation, has been serving the financing needs of Case customers since 1957. Today, the company serves customers purchasing, leasing and insuring equipment through established dealer networks located primarily in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Australia. Based in Racine, Wisconsin Racine is a city in Racine County, Wisconsin, United States, located beside Lake Michigan at the mouth of the Root River.[2] As of the 2006 census, the city had a total population of 79,592.[3] It is the county seat of Racine County. , Case Credit services a $5.2 billion portfolio of receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed and leases. Visit Case Credit on the World Wide Web at http://www.casecredit.com CONTACT: Case Corporation Sandra J. Lasch, 414/636-6473 |
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