Company Performance Metrics
ABA Insurance Services offers a full suite of coverage for financial institutions including D&O, Bond and Property & Casualty* insurance. Our unique bank-owned and banker-directed program insures banks across the country and has a sustained market share of over 20%.
Recognized for underwriting and claims handling expertise, ABA Insurance
Services is endorsed by the American Bankers Association and 28 state bankers associations.
In 1987, the ABA Sponsored Insurance Program underwritten by Progressive was formed to stabilize the market and help banks obtain essential insurance at affordable rates. Today, as ABA Insurance Services, the program continues to innovate by bringing new products to market to address emerging exposures.
American Bankers Mutual Insurance, Ltd., as the mutually owned reinsurer for the ABA Insurance Services program, provides the opportunity for distributions, when declared, back to ABA member banks which purchase their D&O, bond and related coverage through ABA Insurance Services. 23 consecutive distributions have been declared to participating banks totaling $77.9 Million.
