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American Bankers / Assurant

Creditor's Insurance, also called (credit insurance or creditors group insurance) pays off an outstanding credit balance or makes loan/lease payments on the customer's behalf in the event of death, disability or job loss.


American Bankers / Assurant is distributed through a number of Canada’s largest financial institutions and retailers, optional creditor insurance coverage is available on a variety of lending vehicles, including credit cards, mortgages and loans/lines of credit.

We underwrite all of our group creditor insurance product solutions. With decades of industry and regulatory expertise behind us, our programs are supported by our experienced in-house risk and actuarial teams, legal and compliance professionals, dedicated account management teams, end-to-end fulfillment services and a full array of sales support functions (marketing, training and vendor management).

AM and Best Ratings: A (Excellent) g (Group) Financial Size Category: XII ($1 Billion to $1.25 Billion) Outlook: Stable Action: Affirmed Effective Date: April 18, 2018 Initial Rating Date: June 30, 1953.

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