The National Motorcycle Dealers Association (NMDA), a subsidiary of MBA Holdings (MBAH) and MBA Holdings Inc., Scottsdale, Ariz., has signed an agency agreement with AEGON N.V. to sell credit life/health & accident insurance and GAP insurance underwritten by AEGON to the customers of NMDA members.
The NMDA says it will assist members with product training and providing guidance to member motorcycle dealerships in need of the insurance licensing required to service these products.
MBA Holdings markets Mechanical Breakdown protection for the Fireman's Fund Insurance Company, and is a marketer and administrator for American Bankers Insurance Company of Miami; Kemper Insurance Company of Long Grove, Ill.; Heritage Warranty Mutual Insurance Company of Lincoln, Neb.; Standard Guarantee Insurance Company of St. Petersburg, Fla.; American Security Insurance Company of Atlanta; and Allstate Insurance Company of Chicago.
Gaylen M. Brotherson is MBA CEO and Chairman of the Board of Directors. Brotherson previously worked with Jay Barmish Finance and Insurance Group Companies and Byron Reed Company (Commercial Real Estate); owned Sunset Speedway Group, Empire Real Estate Company and Gateway Real Estate Company; and is former President and Partner in the International Motor Contest Association (IMCA).
AEGON is the holding company of one of the world's largest listed insurance groups ranked by market capitalization and assets. The major markets for AEGON Group businesses are in the United States, the Netherlands and United Kingdom, with additional operations in Europe, Asia and Canada.
Copyright 2004 Powersports Business