According to a statement released by Assurant, Assurant has acquired American Lease Insurance (ALI), a third-party administrator focused on providing insurance solutions for commercial equipment and vehicle leasing companies. The acquisition of ALI allows Assurant to further scale and strengthen its leadership position by competing in the small lessor market – a fast-growing segment that will be integrated into our Global Automotive business.

ALI will provide scale in this niche part of the lease and finance market, while bringing a loyal book of high-quality customers with long-standing relationships and allow for opportunity to further expand our underwriting expertise and product offerings with existing clients.