CHICAGO, IL--(Marketwire - Oct 22, 2012) - TransUnion today announced that Mark McElroy has joined the company as the new executive vice president of its insurance business unit. McElroy will leverage his 22 years of industry experience to lead our insurance division's strategic growth opportunities.
"Mark's extensive background in both the insurance and financial arenas as well as his proven leadership ability will be of great value to both our customers and organization as we continue to leverage and explore new opportunities," said Jeff Hellinga, president of U.S. Information Services at TransUnion. "The breadth and depth of experience he brings to the company will significantly enhance our insurance offerings."
TransUnion's insurance business unit provides a range of data and analytic offerings to insurance companies to assist with customer acquisition, underwriting and fraud prevention.
McElroy was previously the CEO and president of the Balboa Insurance Group, a Bank of America company. Prior to his work with the Balboa Insurance Group, McElroy was the senior vice president, loan administration in the global home loans division for Countrywide Financial Corporation. McElroy was also previously a senior financial analyst with Glendale Federal Bank.
McElroy received a Master of Business Administration from National University in San Diego, California and a bachelor's degree from The University of Nebraska-Lincoln.
As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion reaches businesses and consumers in more than 32 countries around the world on five continents. www.transunion.com/business