Tag Archives: The Warranty Group

Assurant to Acquire The Warranty Group in Transaction Valued at $2.5 Billion

The transaction values The Warranty Group at $1.9 billion in equity value, or $2.5 billion of enterprise value, including their existing debt.

Full Release: https://www.assurant.com/NewsRoom/AllNews/NewsReleases/2017/October/assurant-to-acquire-the-warranty-group-in-transaction-valued-at-$2.5-billion

The deal is expected to yield $60m in  pre-tax operating synergies.  View Assurant’s presentation on the deal breakdown:  http://s1.q4cdn.com/131015182/files/doc_presentations/2017/Assurant’s-Acquisition-of-The-Warranty-Group-Presentation.pdf

Nelson Chai joins The Warranty Group as CEO

Nelson Chai was the former president of CIT Group and a former CFO of Merrill Lynch. Chai will join the company as CEO next month.

Warranty Group Consumer Study Reveals Surprising Attitudes Toward Service Contracts

The Warranty Group has released a comprehensive study of consumer attitudes and purchase behaviors toward extended service contracts.

Source:  http://www.twice.com/news/warranties/warranty-group-consumer-study-reveals-surprising-attitudes-toward-service-contracts

RAC and The Warranty Group sign five-year deal

A new five-year agreement has been made between the RAC and The Warranty Group.

Source:  http://www.am-online.com/news/supplier-news/2016/04/12/rac-and-the-warranty-group-sign-five-year-deal

The Warranty Group launches service plan-warranty hybrid

The Warranty Group is first to the market with a new hybrid product called Service Plus.

Full article:  http://www.motortradenews.com/news/automotive-news/38131-the-warranty-group-launches-service-plan-warranty-hybrid.html

Montage Furniture Services Extends Underwriting Partnership with The Warranty Group

Montage Furniture Services Extends Underwriting Partnership with The Warranty Group

GRAND RAPIDS, Michigan, September 13, 2015

Montage Furniture Services (MFS), a leading national provider of furniture protection plans, has extended its partnership with its long-time underwriter, The Warranty Group (TWG) for an additional three years. This agreement ensures that furniture dealers and their customers can continue to rely on MFS protection plans with absolute confidence.

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The Warranty Group and AutoNation Announce Multi-Year Agreement

The Warranty Group announced a multi-year agreement with AutoNation to underwrite and administer AutoNation’s branded service contract program.

Full Release:  http://www.marketwired.com/press-release/the-warranty-group-and-autonation-announce-multi-year-agreement-1990559.htm