UPDATE: The shutdown driven by the CoronaVirus will greatly impact every category in 2020. This should be viewed as a run rate prior to the shutdown.
For 2020 Personal Safeguards Group projects over $61b at retail for consumer related service contracts.
Automotive continues to lead the industry in terms of gross revenue with 2020 projected at over $33b for Vehicle Service Contracts and over $6.4b for Ancillary products.
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Combination Creates Leading Aftersales Dealer Services Platform
Dent Wizard to Continue to Operate Independently Under Leadership of CEO Mike Black
Tiptree Inc. (NASDAQ: TIPT) and Peter Masi announced that Tiptree Insurance has agreed to acquire Smart AutoCare, a rapidly growing vehicle warranty solutions provider led by its founder and CEO, Peter Masi…
Full Article: https://www.streetinsider.com/Corporate+News/Tiptree+Financial+%28TIPT%29+to+acquire+Smart+AutoCare/16251086.html
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iA Financial Corporation Inc. (the “Company”), the holding company of iA Financial Group, announced today that it has entered an agreement to acquire the American company IAS Parent Holdings, Inc. and its subsidiaries (collectively “IAS”). The agreed purchase price is US$720 million.
Full Press Release: https://www.benzinga.com/pressreleases/19/12/n14933679/ia-financial-group-to-establish-leading-position-in-the-u-s-vehicle-warranty-market-with-the-acqui
“AutoMax and its owner purposely kept their customers in the dark about the condition and history of the cars they sold and charged customers illegal and unnecessary fees.”
Full Article: https://www.boston.com/news/business/2019/11/20/automax-settlement
Al Miralles, who served as CNA’s Chief Risk Officer since 2017, has been appointed President of CNA Warranty.
Company adds warranty services to robust list of offerings, will provide added protection to customers globally
New York, September 18, 2019: Generali US Branch, the US arm of Generali Group, a
leading insurance and financial services group with more than €500 billion in assets today announced the launch of their new Specialty Insurance Division which will focus on providing comprehensive warranty services and solutions.
Amynta Group announced today that Dennis Kane has been named Executive Vice President and CEO Global Warranty. Dennis will be responsible for driving profitable growth across Amynta’s warranty business, deepening partner relationships and delivering on the company’s commitment to customer excellence.
Full Release: https://www.prnewswire.com/news-releases/amynta-names-dennis-kane-as-head-of-warranty-business-300913267.html
Legislation will allow car dealerships to include the replacement of keys and key fobs to the list of items covered by service contracts…
Full Article: https://www.timesunion.com/news/article/New-law-allows-key-fobs-to-be-covered-in-car-14424514.php