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GMAC provides a broad range of insurance and insurance-related products and services for individual consumers, as well as automotive dealerships and other businesses. GMAC Insurance operations are located worldwide.
On October 19, 2009, the company entered into an agreement to divest its U.S. property and casualty consumer insurance business to American Capital Acquisition Corporation. The transaction is pending regulatory approval and other customary closing conditions. The dealer-related insurance business, which includes extended service contracts and insurance for auto dealer inventories, is not affected by this transaction.
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GMAC Insurance Media Contacts:
Sue Mallino Executive Director, Global Communications 313-656-6970 sue.mallino@gmacfs.com
Michael Stoller 313-656-6971 michael.r.stoller@gmacfs.com
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