Centrix Wins First Time Out
ENGLEWOOD, Colo.-After deciding to enter into a motor sports sponsorship as a way to raise its profile, Centrix Financial, LLC, a provider of special finance auto lending, had one of its cars finish first in the 1,018-mile Baja Challenge. Team Centrix entered three cars in the BC Class and finished 19th overall out of 240 entrants. Team Centrix was led by a group of renowned drivers, including Roberto Guerrero, a former car and Formula 1 driver. Also driving the cars were two Centrix executives, including Chairman & CEO Robert E. Sutton who was the driver of record in car No. 2; and EVP Bob Poloskey. Centrix said it is sponsoring the team as a means of alerting auto dealers and financial institutions to its Centrix Portfolio Management Program (PMP), which provides special finance auto loans to credit-impaired borrowers.
For info: www.centrixfinancial.com.
LSI, SunGard Enter Agreement
ELGIN, Ill, -Lending Solutions, Inc. (LSI), a provider of call center services to credit unions, has contracted with SunGard Recovery Services, a provider of comprehensive business recovery solutions, for a disaster recovery plan to fulfill the company's technology, business applications and facilities requirements. Initial testing of the plan was conducted successfully in October, with final testing scheduled to be completed by February 2003, LSI said. "As a lending contact center to over 500 financial institutions, LSI views business continuity as a top priority, not only for its own operations, but also for its clients," said Dan Mathews, VP-operations for LSI. Under the agreement, SunGard will serve as a hot site for LSI.
For info: Dan Mathews at 800-937-4249 or dmathews@nlpc.com.
Securian To Exit Business
ST. PAUL, Minn.-Securian Financial Network, an affiliate of Minnesota Life Insurance Co., announced it will stop marketing auto and homeowners (property/casualty) insurance through financial institutions, and that one of its largest clients, Wells Fargo Insurance, Inc., will buy part of its homeowners insurance marketing operation in St. Paul. Both actions take effect Jan. 31, 2003. "Our decision to stop marketing homeowners and auto insurance was driven by several negative marketplace factors," said John Bruder, senior VP, Securian Financial Network.
