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MBA Holdings Inc. Signs Agreement with Old Republic Insurance Co.
Wednesday June 2, 2:33 pm ET
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--June 2, 2004--MBA Holdings Inc. (OTCBB: MBAH - News) markets mechanical breakdown insurance (MBI) and vehicle service contracts (VSC) nationwide. MBA Holdings Inc. recently signed a nationwide contract with Old Republic Insurance Co. (A+ Rated) to market mechanical breakdown insurance policies and vehicle service contracts (extended auto warranties) for the repair of autos and trucks nationwide for Old Republic Insurance Co. in auto dealerships, credit unions, other financial institutions, direct marketing and electronic marketing over the World Wide Web (www.mbadirect.com).
Old Republic International Corp. is among the nation's 50 largest publicly held insurance organizations, with a substantial interest in major segments of the industry. The company is primarily a commercial lines underwriter, serving many of America's leading industrial and financial services companies as valued customers. Since 1923, Old Republic has grown as a specialty insurance business, though it oldest subsidiary has insured lives since 1887.
This relationship has allowed MBA Holdings Inc. to sign more than 100 credit unions to sell the Old Republic warranty program and sign many other new warranty accounts, at a very important stage in MBA's growth as a company