The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

American Financial & Automotive Services and Assurant Solutions Renew Product Protection and Repair Partnership

Friday, April 06, 2012

American Financial & Automotive Services and Assurant Solutions Renew Product Protection and Repair Partnership08:30 EDT Friday, April 06, 2012ATLANTA and THE WOODLANDS, Texas, April 6, 2012 /PRNewswire/ -- Assurant Solutions, a global specialty insurance and risk management company, today announces an extension of its long-term, exclusive relationship with American Financial & Automotive Services, Inc. (American Financial). Terms of the agreement will not be disclosed.Customers who purchase vehicles at any of American Financial's affiliated dealerships in the United States and worldwide will be offered vehicle extended service plans from Assurant Solutions, just as they have since 2000. "Assurant Solutions is a recognized leader in vehicle extended service plans and brings an array of automotive industry insight and expertise to American Financial and our customers," said Arden Hetland, President of American Financial & Automotive Services, Inc.  "Extending this agreement enables our company to continue providing innovative products to our dealer network and customers as we strive to exceed their expectations.""We are proud to renew our partnership with American Financial, a leader in dealership development products and enhancement services," said Joe Erdeman, president of Assurant Solutions' extended service contract business. "American Financial provides its dealerships with exceptional products and services to maximize profits, and Assurant's comprehensive protection plans augment the relationships the company enjoys with its dealerships."About Assurant SolutionsAssurant Solutions businesses develop, underwrite, market and administer specialty insurance, extended service contracts and other risk management solutions through collaborative relationships with leading financial institutions, retailers, automobile dealers, funeral homes, manufacturers, wireless carriers and other entities. With operations in 25 locations, including executive offices in Atlanta, Assurant Solutions serves clients and their customers in 12 countries throughout North America, the Caribbean, Latin America, Europe and Asia. Solutions is also part of Assurant, a premier provider of specialized insurance products and related services in North America and select worldwide markets. Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $27 billion in assets and $8 billion in annual revenue. Assurant has approximately 14,000 employees worldwide and is headquartered in New York's financial district. About American Financial & Automotive Services, Inc.American Financial & Automotive Services, Inc. provides extensive development services and a complete portfolio of dealer endorsed products to create growth for all areas of the dealership. Centered at the core of American Financial's offerings are MasterTech, the Automotive Training Academy (ATA) and Panoptic® Insurance. MasterTech, the company's vehicle service contract program, is an industry leader for coverage and administration. The ATA specializes in preparing automotive professionals for today's retail opportunities, and Panoptic® Insurance is a new profit center that offers insurance to meet all needs.SOURCE Assurant SolutionsFor further information: Patrice Eastham, Vice President, Business Communications, Assurant Solutions, T +1-770-763-2740, or C +1-404-373-8232