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First American understands the unique complexities of insurance companies and the need to deliver information in an environment of constantly changing regulations and customer expectations. First American provides financial and asset management services to assist your company in acquiring the technology necessary to stay competitive.
Whether you need to comply with Statutory or GAAP reporting, First American can provide off-balance sheet financing of assets that enables your company to preserve cash. By leasing non-admitted (or admitted) assets through First American's leasing programs, your firm can strengthen its A.M. Best ratings and meet regulatory requirements.
Leasing provides greater flexibility than traditional financing, and allows you to easily make upgrades, additions, and modifications to leased equipment. Leasing is the ideal way to maintain a strong balance sheet and cash flow while utilizing the latest technology.
Leasing enables you to lock in your rate, eliminating the risk of rising market rates. A lease line can be established that is separate from your cash management facilities, and has little or no impact on your balance sheet or existing debt covenants. Large projects involving multiple suppliers and long installation periods can be easily combined into a single transaction by First American.
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