Tag Archives: Assurant

Department of Financial Services announces settlement with mobile insurance provider

Superintendent of Financial Services Linda Lacewell announced on August 20 that The Signal, LP, an Assurant Company, has been fined $2.8 million following inadequate consumer disclosures.

Full Article: https://www.informnny.com/top-stories/department-of-financial-services-announces-settlement-with-mobile-insurance-provider/

Assurant Acquires American Financial & Automotive Services

  • Acquisition Further Solidifies Assurant’s Position as a Leading Provider in the Global Automotive Market with over 48 Million Covered Vehicles Globally

Full Release: https://www.businesswire.com/news/home/20200505005962/en/Assurant-Acquires-American-Financial-Automotive-Services

Assurant Reports First Quarter 2020 Financial Results

  • Year-over-Year Earnings Growth Driven by Global Lifestyle and Improved Global Housing Results
  • Announces information on AFAS Acquisition

Full Earnings Release: https://www.businesswire.com/news/home/20200505005929/en/Assurant-Reports-Quarter-2020-Financial-Results

F&I PROVIDERS RELIEF FUND ANNOUNCES BOARD MEMBERS, $1 MILLION FUNDRAISING GOAL

FOR IMMEDIATE RELEASE

(Florida, April 2020–) The upstart charity F&I Providers Relief Fund for F&I Managers has announced its 7-member board of directors and a $1 million fundraising goal to help professionals in the F&I industry facing hard times.

Founded only two weeks ago by National Auto Care CEO Tony Wanderon, the F&I Providers Relief Fund (F&IPRF) has brought nearly 20 F&I providers together and has now raised close to $300,000 to provide financial grants exclusively to F&I managers who are dealing with financial hardships due to COVID-19.

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Dealerscope 2019 Warranty Roundtable: What Warrants an ESP Sale?

Dealerscope article on service contracts in the appliance and electronics retail channel. Executives from AIG, Assurant, Asurion, Centricity, Mack, Marsh, OnPoint, Personal Safeguards Group, SquareTrade and Warrantech share initiatives.

Full Article: https://www.dealerscope.com/article/2019-warranty-roundtable-what-warrants-an-esp-sale/

Assurant and The Warranty Group Amend Deal Structure

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.

Release:  https://www.assurant.com/NewsRoom/AllNews/NewsReleases/2018/January/assurant-and-the-warranty-group-amend-deal-structure

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

American Auto Shield Announces Direct-to-Consumer Powersport Protection Program

American Auto Shield, a leading provider of extended vehicle protection, today announces the launch of the American Auto Shield Powersport Protection Program. The program includes direct-to-consumer extended coverage for on-road and off-road motorcycles and all-terrain vehicles (ATVs).

Source:  http://www.benzinga.com/pressreleases/16/09/p8504009/american-auto-shield-announces-direct-to-consumer-powersport-protection