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.
Category Archives: Automotive
StoneEagle Welcomes New Chief Executive Officer
Dallas, Texas – January 5, 2018:
StoneEagle is pleased to announce the appointment of Cindy Allen as the company’s new CEO. Cindy will be responsible for driving the company, and its innovative F&I solutions, to the next level, building on the momentum achieved by the StoneEagle team under Bobby Allen’s leadership.
CUNA Mutual Group expands relationship with InsurTech Investment, ForeverCar
CUNA Mutual Group announces it will expand its MEMBER’S CHOICE® Mechanical Repair Coverage (MRC) by adding a new marketing program, powered by ForeverCar.
Sears and Amazon Launch Another New Relationship
Sears will begin selling DieHard auto products through Amazon.
Source: http://www.chicagotribune.com/business/ct-biz-sears-diehard-products-sold-amazon-1215-story.html
Start-up WePredict Aims to Free up Billions in Auto Industry Warranty Reserves Through Unique Analytics Solution
Analytics start-up WePredict aims to free up potentially billions in auto industry warranty reserves through a unique analytics solution providing manufacturers and suppliers the opportunity to stabilize and mitigate risks they have in their warranty reserves today. The company recently completed a new funding round led by Munich Re / HSB Ventures. Existing investors Breed Reply and the Development Bank of Wales provided additional funding.
Full Release: http://www.businesswire.com/news/home/20171031005454/en/Start-up-WePredict-Aims-Free-Billions-Auto-Industry
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.
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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
Craig Robinson Named President of American Auto Guardian, Inc. (“AAGI”)
Schaumburg, IL – American Auto Guardian, Inc. (“AAGI”) is pleased to announce that Craig Robinson has joined the company as President. Tim Brugh will move into the CEO position, and lead AAGI’s continued growth in all aspects of the automobile industry.
Release: https://www.aagi.com/media/17143222/craig-robinson-named-aagi-president-november-2017.pdf
EasyCare Launches RV Appearance Protection Benefit
EasyCare announced the launch of RV Appearance Protection, a multifaceted benefit designed to protect interiors and exteriors, of new and used recreational vehicles, from unexpected costs due to environmental damage like weather-induced fading, stains and odors.
GM’s New Protection Plan Business
Great article from David Sulfridge on General Motors path back into the Vehicle Service Contract and Protection Plan business.
Full Article: https://www.linkedin.com/pulse/gms-new-protection-plan-business-david-sulfridge-are-arc/
PCMI Named to “20 Most Promising Automotive Technology Solution Providers 2017” by CIOReview
PCMI’s administration software, Policy Claim and Reporting Solutions (PCRS), automates the full lifecycle of all aftermarket products.
Full Article: http://www.pcmicorp.com/2017/10/pcmi-20-automotive-technology-cioreview/