Jeremy Lux has been named chief executive officer of Portfolio, succeeding Brent Griggs, who has been named chairman of the company’s board of directors.
LAKE FOREST, Calif. — Aug. 16, 2023 — Portfolio announced the appointment of Brent E. Griggs from president and CEO to chairman of the company’s board of directors. Succeeding Griggs as CEO is Jeremy Lux, a 30-year industry veteran who most recently served as president of AndersonAutos.
Dealers ranked Portfolio as the nation’s No. 1 reinsurance provider in the 2023 Dealers’ Choice Awards, the company’s third straight Diamond award and 10th category win.
LAKE FOREST, Calif. — Aug. 2, 2023 — For the third straight year and 10th time overall, Portfolio won the first-place Diamond award for Reinsurance & Participation in the annual Dealers’ Choice Awards.
New data from Portfolio shows sales of antimicrobial treatments as a percentage of F&I product sales increased as more Americans sought protection from communicable diseases.
LAKE FOREST, Calif. — Antimicrobial treatments gained ground as a percentage of all F&I product sales in March and April, reflecting renewed interest in eliminating and protecting against disease-causing pathogens among dealers, agents and consumers, according to internal data from Portfolio, a national provider and administrator of F&I products and dealer participation programs.
Portfolio’s new GAP and ancillary claims website was designed to streamline the submission and adjudication process.
LAKE FOREST, Calif. — Portfolio announced the launch of a new website for GAP and ancillary claims. The new site features a fully redesigned interface intended to offer easy navigation and a better overall user experience.