Eckert to Retire as President of SouthwestRe
Eddie Eckert will retire as president of SouthwestRe at the end of September, concluding a 14-year tenure with the company and marking more than 40 years of service to the automotive industry.
ALBUQUERQUE, N.M. — Eddie Eckert, president of Southwest Reinsure Inc., has announced his retirement, effective Sept. 30.
Eckert has served as a senior executive of SouthwestRe for the past 14 years and is a veteran of more than 40 years in the insurance and allied industries. During his tenure with the company, SouthwestRe has grown into one of the service contract industry’s leading service contract administrators and marketing entities.
SouthwestRe and affiliated companies were acquired in January 2018 by iA Financial Group of Canada, one of the largest F&I providers for Canadian automobile dealerships. Mike Stickney, iA Financial’s executive vice president of U.S. development and president of IA American Casualty Insurance Holdings Inc., will assume Eckert’s role on Oct. 1.
“The employees, agents, and clients of SouthwestRe are grateful for Eddie’s thoughtful and seasoned leadership. iA is particularly thankful for Eddie’s valuable contributions and steady hand during this transitionary period,” Stickney said. “I look forward with great enthusiasm to working closely with all SouthwestRe employees to build upon a great foundation.”
More Auto Finance
Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
Read More →
Mind Your Process
Consistent steps taken in various aspects of the F&I office can make valuable differences over time, similar to an outline for a best-selling book.
Read More →
Top Five Credit Application Fraud Flags
Compliance audits regularly reveal bad habits that can lead to fraud charges and should have been stamped out decades ago.
Read More →
More Auto Loans for the Taking in August
Riskier categories were on the uptick for the month as lenders loosened access in several areas while balancing out the exposure in another, Cox Automotive reported.
Read More →
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →