GMAC Insurance Background |
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GMAC Insurance is a wholly owned subdivision of General Motors Acceptance Corporation. GMAC Insurance is a highly successful and fully committed financial service organization dedicated to the provision of highly skilled knowledge and professional expertise, with the purpose of helping individuals transact successful and informed financial decisions. GMAC Insurance clients include members of the public, as well as major and smaller auto dealerships, and many other types of auto and non-auto related businesses. The two national headquarters of GMAC Insurance are located in St Louis, Missouri and Southfield, Michigan. The company also operates no less than 100 local offices that can be found spread throughout both the United States and Canada, as well as several other offices scattered around the world. The organization provides employment for in excess of 3800 people around the globe.GMAC Insurance opened for business over 80 years ago, back in 1919, at which time GMAC Insurance was established as a division of vehicle manufacturer General Motors. Since then, there have been many changes that have taken place with expansion into new financial markets and the provision of more insurance products developed to meet the needs and demands of clients. GMAC insurance has the notoriety of being the first company to offer its clients vehicle service contracts, which can protect its clients against unexpected repair bills and offer assistance with unforeseen breakdowns. GMAC Insurance is considered to be one of the biggest and most financially secure insurance underwriters in, not only the US, but also the world, providing many different types of insurance and financial coverage, as well as services for a wide range of clients needs. GMAC Insurance online operates in all 50 states and is a subsidiary of GMAC. The mission of GMAC Insurance is to utilize a wide range of financial and insurance related products to a wide range of clients across America, and in other countries, at competitive prices.
General Motors Acceptance Corporation is a part of General Motors and is in the business of providing financial services. GMAC Insurance can offer a wide range of regular insurance and financial plans and other services, which include auto insurance as well as financial products such as mortgage financing. ResCap Holdings is a parent company that deals in residential mortgages. ResCap Holdings controls Homecomings Financial, GMAC Bank GMAC Mortgage, GMAC-RFC, and Ditech.com. ResCap is also the parent of its Better Homes and Gardens Real Estate, operated as a subsidiary.
GMAC Management Team
GMAC Chairman, Eric A. Feldstein
GMAC President, William F. Muir
GMAC International Operations, Executive Vice President, Mark F. Bole
