Auto News digest.(Briefs)(Kia Motor Finance Co. opens a service center)(Daimler Financial Services Americas L.L.C.)(Universal Warranty Corp.)

Automotive News, January, 2008

SouthwestRe offers GAP coverage

ALBUQUERQUE, N.M. - SouthwestRe, a vendor of finance and insurance products, now offers guaranteed automotive protection insurance. GAP coverage makes up the difference between the balance on a vehicle consumer loan and the insurance payment when a car or truck is wrecked or stolen.

General Fidelity Insurance Co., a subsidiary of Bank of America, is underwriting SouthwestRe's GAP program. General Fidelity's life insurance affiliate underwrites credit insurance provided by SouthwestRe.

SouthwestRe, of Albuquerque, also markets F&I products under the First Automotive name. SouthwestRe works with more than 3,000 U.S. auto dealerships.

Kia captive opens center

ATLANTA - Kia Motor Finance Co. has...

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