Category Archives: Financial Services

Madison Dearborn Partners Increases Equity Investment in Insurance Services Company Amynta Group

NEW YORK and CHICAGO, March 10, 2022 /PRNewswire/ — Amynta Group (“Amynta” or “the Company”), a leading insurance services company, announced today that funds affiliated with Madison Dearborn Partners, LLC (MDP), a leading Chicago-based private equity investment firm, have acquired all of the equity interests in Amynta held by AmTrust Financial Services, Inc. (“AmTrust”).

Full Release: https://www.prnewswire.com/news-releases/madison-dearborn-partners-increases-equity-investment-in-insurance-services-company-amynta-group-301500143.html

Fidelity Rewards Visa Card to Drop Auto Rental and Extended Warranty Benefits

The Fidelity Rewards Visa Signature card is ending its auto rental collision damage waiver and extended warranty protection benefits. Fidelity is adding access to ID Navigator from NortonLifeLock.

Full Article: https://www.investopedia.com/fidelity-swaps-two-popular-credit-card-perks-for-identity-theft-protection-5115345

Personal Safeguards Group Releases 2020 Service Contract Industry Projections

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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10th Annual Extended Warranty & Service Contract Innovations National Forum

10th Annual Extended Warranty & Service Contract Innovations National Forum

Extended Warranty & Service Contract Innovations is your gateway to learning new tools and strategies across industries to streamline operations, improve customer service, optimize your marketing & sales programs, and ensure compliance with evolving regulations.

The community focuses on how to drive down costs and think creativity about new ways to provide value and expand market share. See more at: https://www.warrantyinnovations.com

Use discount code WN300 to get a $300 discount off the price of registration.

Mastercard Adds New Benefits for World and World Elite Cardholders

The new benefits with Lyft, Fandango and Boxed will replace Mastercard’s extended warranty and price protection programs.

Full Article: https://www.nerdwallet.com/blog/credit-cards/mastercard-adds-new-benefits-world-world-elite-cardholders/

OnPoint Warranty Closes Series A Funding Round

Investment in Business Positions Company for Growth

OnPoint Warranty Solutions, LLC, a leading provider of underwriting, service contract, and manufacturer’s warranty programs, plus logistics and service administration, has closed on its Series A  funding from prominent Louisville business investors.

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