iA American’s History

DAC was established in 1935 by the Youngstown Sheet & Tube Company as Mahoning Insurance Company. It was one of the first captive insurance companies ever formed. In 1980, Mahoning was renamed Dealers Assurance Company. 

Our modern history began in 1984 with the founding of IAS. Initially an ancillary coverage provider, IAS grew organically and through acquisition to become one of the largest and most successful providers of F&I solutions and training in the United States.

Founded in 1985, SouthwestRe quickly established itself as our industry’s leading reinsurance provider. In the 1990s, SouthwestRe found great success with its own line of F&I products. 

SouthwestRe and DAC became subsidiaries of iA Financial Group in 2018.

iA Financial Group purchased Innovative Aftermarket Systems (IAS) in 2020, their largest purchase of any American company to date. 

IAS and SouthwestRe became iA American Warranty Group (iA American) in March 2021, with DAC serving as our go-to insurance partner.