Category Archives: Insurance Carriers

Kingsway Announces Warranty Company Acquisition

ITASCA, IL, March 4, 2019 /PRNewswire/ – (NYSE: KFS) Kingsway Financial Services Inc. (“Kingsway” or the “Company”) today announced it has closed on its acquisition of Geminus Holding Company, Inc. (“Geminus”), a specialty, full-service provider of vehicle service contracts (“VSCs”) and other finance and insurance (“F&I”) products to used car buyers around the country.

Full Release: https://www.prnewswire.com/news-releases/kingsway-announces-warranty-company-acquisition-300805470.html

AmTrust Signs Agreement with PCMI to Automate and Enhance Reinsurance

New System Will Provide Additional Information and Analytics Driving Enhanced Risk Management and Increased Transparency.

NEW YORK, January 23, 2019 – AmTrust Financial Services, Inc.(“AmTrust” or the “Company”) today announced the Company has signed an agreement with PCMI Corporation (Policy Claim Management International), the leading provider of integrated software solutions for the administration of F&I Products, Service Contracts, and Extended Warranties. Through the agreement, AmTrust will implement PCMI’s Policy Claim and Reporting Solutions™ (PCRS) – Reinsurance Module, which will provide AmTrust clients with an easy to use, robust reporting solution for their reinsurance businesses.

Full Release: http://www.pcmicorp.com/2019/01/amtrust-signs-agreement-with-pcmi-to-automate-and-enhance-reinsurance/

FORTEGRA EUROPE INSURANCE COMPANY LIMITED RECEIVES INITIAL A.M. BEST RATINGS

A.M. Best assigns Fortegra subsidiary FEIC Ltd. a Financial Strength Rating of A-

By Sanjay Vara, Executive Vice President & Chief Underwriting Officer Jan 15, 2019 10:00:00 AM

JACKSONVILLE, Fla. (January 15, 2018) – Fortegra Financial Corporation (“Fortegra”), a leading international specialty insurer and subsidiary of Tiptree Inc. (“Tiptree”), today announces that Malta-based Fortegra Europe Insurance Company Limited (FEIC Ltd.) has received an A.M. Best Financial Strength Rating of A- (Excellent). FEIC Ltd. also received an initial Long-Term Issuer Credit Rating of A- with the outlook assigned to both ratings listed as stable by the global rating agency.

“We are proud to have yet another subsidiary earn an Excellent A.M. Best rating,” said Fortegra Executive Vice President and Chief Underwriting Officer Sanjay Vara. “A.M. Best is the world’s preeminent authority on insurance ratings, and this A- rating is a reflection of our financial strength and stability.”

Headquartered in Malta, FEIC Ltd. was established in 2018 to write warranty and specialty motor insurance in several European markets.

For details on FEIC Ltd.’s initial ratings, see A.M. Best’s official announcement. To learn more about Fortegra products and services, visit fortegra.com.

About Fortegra

Fortegra Financial Corporation (a Tiptree Inc. company) and its subsidiaries comprise a single-source insurance services provider that offers a range of consumer protection options including warranty solutions, credit insurance, and specialty underwriting programs. Delivering multifaceted coverage with an unmatched service experience for domestic and international partners and their customers, Fortegra solves immediate, everyday needs, empowering consumers to worry less and Experience More.

Microsoft Renews Extended Protection Services Agreement with AmTrust

AmTrust Financial Services, Inc. announced today at the CES Show in Las Vegas that it has extended its partnership providing protection plans to Microsoft customers for an additional four years.  The parties have had a contractual relationship since 2009. 

Release: https://globenewswire.com/news-release/2019/01/07/1681256/0/en/Microsoft-Renews-Extended-Protection-Services-Agreement-with-AmTrust.html

Yves Gaboriault Joins Commercial Risk Management Firm Alexander & Preston

Nashville, Tenn. — Alexander & Preston, a Nashville-based warranty and captive insurance risk management firm, today announced the addition of Yves Gaboriault as Director of Asia Pacific. Gaboriault brings more than 20 years of sales management and leadership experience in the construction and heavy equipment industries in Asia Pacific, Africa and North America. He will support Alexander & Preston’s growing client base of U.S. and multinational companies with operations in Southeast Asia.

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Act Now and Save: 9th Annual Extended Warranty & Service Contract Innovations National Forum

October 1-3, 2018

Make sure and use Discount Code WN300 to Save $300.

The 9th Annual Extended Warranty & Service Contract Innovations National Forum features over 40+ top flight speakers and many new multi-industry case studies. Join us for this highly acclaimed event providing comprehensive coverage on the full spectrum of your business processes. This year’s agenda focuses on:

  • Customer Service
  • Disruptive Technology
  • Marketing & Sales
  • Legal & Regulatory
  • Risk Management & Product Quality.

Due to popular demand we have added industry-specific roundtables where you gain vital insights and have your questions answered by industry experts.

Plus immediately following the main conference, you can attend the 2 exclusive add-on forums.

For complete details:  http://www.warrantyinnovations.com/index.html

Make sure and use Discount Code WN300 to Save $300.

Domestic & General hires bank to plot £1.5bn stock market return

Domestic & General’s owner has hired Rothschild to return it to the London stock market 11 years after delisting, Sky News learns.

Article:  https://news.sky.com/story/domestic-general-hires-bank-to-plot-15bn-stock-market-return-11490092

Heading Back to School Can Be Costly for a Student’s Technology, According to Safeware

Analyzing Safeware’s historic claims data reveals that almost 93% of claims received from K-12 customers are a result of accidental damage.

Full Release:  http://www.globenewswire.com/news-release/2018/08/14/1551563/0/en/Heading-Back-to-School-Can-Be-Costly-for-a-Student-s-Technology-According-to-Safeware.html

The 9th Annual Extended Warranty & Service Contract Innovations National Forum

The 9th Annual Extended Warranty & Service Contract Innovations National Forum features over 40+ top flight speakers and many new multi-industry case studies. Join us for this highly acclaimed event providing comprehensive coverage on the full spectrum of your business processes. This year’s agenda focuses on:

  • Customer Service
  • Disruptive Technology
  • Marketing & Sales
  • Legal & Regulatory
  • Risk Management & Product Quality.

Due to popular demand we have added industry-specific roundtables where you gain vital insights and have your questions answered by industry experts.

Plus immediately following the main conference, you can attend the 2 exclusive add-on forums.

For complete details:  http://www.warrantyinnovations.com/index.html

Make sure and use Discount Code WN300 to Save $300 if you register after August 10th.