ABA Announces $1.6 Million Distribution to Qualified Members

American Bankers Mutual Insurance Ltd. — the reinsurer for ABA’s endorsed insurance program — will distribute $1.6 million to be shared by qualified member banks insured through ABA Insurance Services Inc., the association announced today.

This is the 28th consecutive year that the insurance provider has announced a distribution, and it brings the total amount the program has distributed since its inception to $84.3 million. Banks that purchase their directors and officers, bond, cyber and related insurance from this program and are current American Bankers Association members will receive a distribution.

“ABA Insurance Services continues to provide innovative policies that address the ever-changing needs of our members in today’s complex risk management environment,” said ABA President and CEO Rob Nichols. “We’re proud to offer banks a stable and reliable source of insurance, and to be able to share a distribution back to them.”


About Author

Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and editorial director at the American Bankers Association, where she oversees ABA Daily Newsbytes.