BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (“Protective”) has announced that on
December 1, 2016 its principal subsidiary, Protective Life Insurance
Company (“Protective Life”), completed the acquisition of the Pompano
Beach, Florida-based USWC Holding Company (“US Warranty”) via a stock
purchase agreement. US Warranty, through its affiliated operating
subsidiaries, including United States Warranty Corp., markets vehicle
service contracts, GAP coverage and a suite of ancillary automotive
maintenance and protection products nationwide. The transaction was
originally announced on August 18, 2016.
“The addition of US Warranty is expected to expand our market reach,
enhance our product and operational capabilities, and enable higher
growth. The team in Pompano Beach has joined the Protective family and
we are all looking forward to growing the business and continuing to
deliver valuable solutions to our customers,” said Richard J. Bielen,
Protective’s President and Chief Operating Officer.
Protective Life Corporation provides financial services through the
production, distribution and administration of insurance and investment
products throughout the U.S. The flagship subsidiary, Protective Life
Insurance Company, was founded in 1907. Protective’s home office is
located in Birmingham, Alabama. As of December 31, 2015 the Company had
assets of approximately $68.5 billion. Protective Life Corporation is a
wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750,
For more information on Protective Life Corporation, please visit www.protective.com.
For more information about Asset Protection visit www.protectiveassetprotection.com.