BOCA RATON, Fla.--Intercontinental Warranty Services, Inc. (IWS), a provider of after-market vehicle protection services to credit unions, said it is selling certain assets to a Chicago area-based affiliate of Kingsway Financial Services Inc. Current management, led by CEO James H. Hawk, will remain in place.
"We're excited about this partnership," said Hawk. "Kingsway clearly supports our mission of offering high-quality, vehicle-protection programs to credit unions while bringing to bear significant insurance resources. Already, IWS and Kingsway have begun implementing a plan to advance key business software, as well as upgrade our technology infrastructure."
IWS provides credit unions with Vehicle Service Agreements, Mechanical Breakdown Insurance, and Guaranteed Asset Protection to their members in conjunction with their auto loans.