PowerGuard Specialty Insurance Services, a renewable energy program manager based in the U.S., has hired warranty and service agreement specialist Dan Cantafi as the firm’s senior vice president of sales and marketing.
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.
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, the largest audio, video, and integration buying group in the United States, announces the addition of Centricity as a group exclusive service partner.
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.
14th Annual WCM Conference
Tuesday, March 6, 2018 – Thursday, March 8, 2018
8:00 AM – 5:00 PM, Pacific Time
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.
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.
Amazon.com Inc. is expanding its nascent European product insurance business, according to recent job adverts.
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
A.M. Best Places Credit Ratings of AmTrust Financial Services, Inc. and Its Subsidiaries Under Review With Negative Implications.
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.