July 13, 2024

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CUNA Mutual acquires funeral insurance small business for $1.3 billion | Enterprise Information

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CUNA MUTUAL

CUNA Mutual Group, 5910 Mineral Place Street.






CUNA Mutual Team will buy a prearranged funeral insurance policy and final bills enterprise serving 2 million consumers for about $1.3 billion. 

CUNA Mutual, based mostly in Madison, will acquire Global Preneed from Assurant, a significant insurance plan company based mostly in New York. The acquisition enables the enterprise to present much more coverage selections to middle course individuals, CEO Robert Trunzo claimed.

“CUNA Mutual Team continues to be committed to serving to credit rating unions and other strategic companions excel at reaching and addressing consumers’ needs,” Trunzo reported. “In the long run, we are performing to make sure a brighter fiscal potential is accessible to all people.”

CUNA Mutual now serves about 30 million consumers and has much more than $28 billion in property. Trunzo said the company will continue on to increase its individual solutions, acquire other individuals and kind partnerships to create up its portfolio and “support out strategic priorities, defend even much more individuals and augment our sources and fiscal strength.”

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CUNA Mutual Team to tear down circular Mineral Stage Street developing

CUNA Mutual will manage its long-standing partnership with Assurant to present auto mechanical mend protection to CUNA Mutual’s credit score union associates.

Assurant CEO Alan Colberg reported the corporation offered the prearranged funeral insurance coverage small business to additional concentration the corporation on its life-style and housing insurance policies business enterprise.