Newtek Business Services Partners with AIG’s American International Companies for Market, Product Development

Newtek Business Services, Inc., a provider of business services and financial products to the small business market, is partnering with American International Companies®, member companies of American International Group, Inc. (AIG), to develop insurance programs targeted to the customer bases served by Newtek Business Services’ partner companies.

The first product that will be launched by American International Companies and NicheDirectories is InsureTuition(TM), a new camp tuition reimbursement insurance. InsureTuition(TM), is a unique insurance product that has been designed and is being marketed by Newtek’s partner company, NicheDirectories, LLC, publisher of the Internet directory of camps and summer experiences, KidsCamps.com® (www.kidscamps.com). The product’s coverage and benefits, rates, exclusions and printable description of coverage and enrollment forms can be obtained online at www.insuretuition.com.

Susan Clarke, vice president of Specialty Markets, American International Companies noted, “As member companies of AIG, we have the resources to be as progressive and flexible as our customers’ needs require. We offer a comprehensive line of competitive products and services. We anticipate that the partnership with Newtek Business Services, Inc. and NicheDirectories will be very beneficial and will enable us to further broaden our range of coverages into various markets.”