ATLANTA and BALTIMORE, Feb. 3, 2012 /PRNewswire/ -- Assurant Solutions, a global provider of extended service contracts, and CARCHEX, a leading online provider of extended vehicle protection, today announce an exclusive strategic partnership to benefit customers and clients of both companies.
For Assurant, the agreement provides its customers and clients with access to CARCHEX's established online capabilities including proprietary technology and other services from a company with more than a decade of experience providing extended vehicle protection directly to consumers. The strategic partnership provides CARCHEX with a modest infusion of capital to accelerate growth and further strengthen its brand.
"This agreement is significant for CARCHEX because it leverages Assurant Solutions' global leadership in underwriting and administering extended service contracts -- their confidence in our brand and approach speaks volumes," said Jason Goldsmith, CARCHEX chief executive officer. "This partnership allows us to expand CARCHEX's capabilities and enhance the product and service experiences we provide to consumers."
With the partnership in place, CARCHEX plans to expand its strategic development of new products and services.
"As more and more consumers make online purchases, this agreement demonstrates Assurant Solutions' commitment to developing new distribution channels for the valuable products and services we provide for our customers and clients," said Joe Erdeman, president of Assurant Solutions' extended service protection business. "CARCHEX offers great direct-to-consumer capabilities and we are excited to enter this strategic partnership with them."
About Assurant Solutions
Assurant 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. www.assurantsolutions.com.
Assurant Solutions is also part of Assurant, a premier provider of specialized insurance products and related services in North America and 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. www.assurant.com.
Headquartered in Hunt Valley, Md., CARCHEX is the premier provider of Extended Vehicle Protection and Mobile Vehicle Inspections. As the preferred partner to the most trusted names in the automotive industry, including Pat Goss of TV's MotorWeek, Carfax and Kelley Blue Book, CARCHEX provides customized coverage plans to consumers allowing them to get the highest level of protection for their vehicles at the most competitive prices. Over a decade long commitment to protecting automotive consumers and providing exceptional customer service has translated into an A+ Rating with the Better Business Bureau. To learn more about CARCHEX and to Get Protected, visit http://www.CARCHEX.com.
SOURCE Assurant Solutions