Northland, American Equity Reorganize

July 20, 2000

Associates First Capital Corp. has reorganized its property and casualty insurance companies. As part of the move, Northland Insurance Company and American Equity Insurance Company – both acquired by The Associates early last year – will have a single, joint focus on the needs of general agents.

Gene Keating, a 33-year insurance industry veteran, will serve as president of both companies. He will lead the effort to build on the NIC and AEIC brands marketed through a network of more than 150 general agents throughout the United States. Also, The Associates’ independent agency company – Mendota Insurance, formerly linked to AEIC and NIC under one organizational umbrella – will move into its own management structure.

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