Category Archives: Appliance & Electronics

GWSCA taps warranty industry veteran Kevin Rigg for key leadership role

PRESS RELEASE

Chicago, IL

For Release: July 17, 2018

GWSCA taps warranty industry veteran Kevin Rigg for key leadership role

The Global Warranty and Service Contract Association (“GWSCA”) recently held a Board of Directors meeting and unanimously agreed to appoint Kevin Rigg as Executive Director of the GWSCA.

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Personal Safeguards Group Publishes Service Contract Industry Estimates – Over $53b

At retail the US Consumer Service Contract Industry is approximately $53.7b

Breakdown by Segment Chart:  http://warrantynews.com/wp-content/uploads/2018/03/Industry-Overview.png

Source:  Personal Safeguards Group, LLC

ProSource Welcomes Centricity as Group Exclusive Service Partner

ProSource, the largest audio, video, and integration buying group in the United States, announces the addition of Centricity as a group exclusive service partner.

Source: http://www.prosourceinfo.com/2018/02/22/prosource-welcomes-centricity-group-exclusive-service-partner/

Centricity Leadership Team to Present at Warranty Chain Management Conference

Service and protection powerhouse Centricity, formerly Bankers Warranty Group and Bonded Builders Warranty Group, is pleased to announce members of its senior leadership team will serve as moderators and panelists for this year’s Warranty Chain Management Conference (WCM) to be held in San Diego, California, from March 6th through March 8th.

Source:  https://centricity.com/blog/centricity-leadership-team-present-warranty-chain-management-conference/

WCM 2018 – Warranty And Service Contract Management For Innovation And Growth

14th Annual WCM Conference

When
Tuesday, March 6, 2018 – Thursday, March 8, 2018
8:00 AM – 5:00 PM, Pacific Time

Where
Hyatt Regency Mission Bay Spa & Marina
1441 Quivira Road
San Diego, California 92109

The theme of the 14th annual conference is “Warranty And Service Contract Management For Innovation And Growth” which addresses how effective warranty and service contract management has enabled companies to develop their competitive edge, manage risk and increase cost savings, innovate and grow.

The WCM 2018 event offers a broad range of presentations with attendees able to choose from up to 3 parallel tracks with over 50 speakers spread over 20 separate sessions.

Complete Details: http://www.cvent.com/events/warranty-chain-management-conference-2018/event-summary-b8df502cfa2c43afae28cb637dc7b5e2.aspx?i=dcb27c6a-7dee-477b-8b2b-14a698b5a10d

Assurant and The Warranty Group Amend Deal Structure

Under the revised terms, Assurant, Inc. will acquire TWG Holdings Limited and its subsidiaries, and remain a Delaware corporation. This change follows recently enacted U.S. tax legislation and allows Assurant to simplify the overall deal structure and optimize the transaction financing mix.

Release:  https://www.assurant.com/NewsRoom/AllNews/NewsReleases/2018/January/assurant-and-the-warranty-group-amend-deal-structure

Amazon seeks staff in European insurance push (product insurance division)

Amazon.com Inc. is expanding its nascent European product insurance business, according to recent job adverts.

Article:  http://www.reuters.com/article/us-amazon-insurance/amazon-seeks-staff-in-european-insurance-push-idUSKBN1DA22J

AmTrust Financial Services and Madison Dearborn Partners Enter Into Strategic Transaction

AmTrust Financial Services and Madison Dearborn Partners Enter Into Strategic Transaction for a Portion of AmTrust’s U.S. Fee Businesses with a Total Enterprise Value of $1.15 billion.

Full Release:  https://globenewswire.com/news-release/2017/11/06/1175411/0/en/AmTrust-Financial-Services-and-Madison-Dearborn-Partners-Enter-Into-Strategic-Transaction-for-a-Portion-of-AmTrust-s-U-S-Fee-Businesses-with-a-Total-Enterprise-Value-of-1-15-billio.html

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A.M. Best Places Credit Ratings of AmTrust Financial Services, Inc. and Its Subsidiaries Under Review With Negative Implications.

Full Release:  http://www.businesswire.com/news/home/20171106006579/en/A.M.-Places-Credit-Ratings-AmTrust-Financial-Services

 

Five Major Trends Surfacing in the U.S. Consumer Service Contract Industry

Warranty Week estimates the U.S. service contract industry generated $40 billion in revenue in 2016 with $17 billion from vehicle service contracts and $23 billion from all other products and devices. Personal Safeguards Group estimates U.S. consumers spent approximately $33.4 billion on new and used vehicle service contracts (at retail prices) in 2016.  The numbers are hard to pin down, in part, because of the different ways contracts are classified and revenues reported. Sellers report revenue from retail sales whereas administrators report revenue from wholesale sales, and insurers report gross written premium. Warranty Week attributes slightly more than half the total volume to ten major players and the balance spread among 140 administrators and 33 admitted insurance companies. Any way you measure it, it’s a big industry, and getting bigger.

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September 13-15, 2017 – 8th Annual Extended Warranty and Service Contract Innovations Event

Connectivity is today’s key success ingredient in service contract & warranty customer care. Hear from Amazon, Microsoft, GM, GE, Electrolux, and AMT Warranty about Customer Care in the New Digital Age and how connectivity is dramatically transforming the Warranty and Service Contract industry. We are proud to announce the 2017 agenda for this highly acclaimed 8th Annual Extended Warranty and Service Contract Innovations event, taking place September 13-15, 2017, at the Renaissance Hotel in Nashville, Tennessee. Use WN300 for a $300 discount. Register today at: http://www.warrantyinnovations.com.

Don’t miss hearing from 40 top industry leaders from multiple key industries in the extended warranty/service contract market. This all new event features ground breaking innovations ranging from sales, marketing, coverage, new technologies to customer experience, risk, legal, and global ventures.