AVOCA, Pa., Nov. 10, 2010 /PRNewswire/ -- Guardian Warranty Corporation (GWC), one of the largest nationwide providers of service contracts to independent and franchise dealerships, is pleased to announce that it has entered into an agreement with Assurant Solutions. Assurant Solutions is a global provider of specialty insurance, extended and vehicle service contracts and other risk management products and services. The agreement allows GWC to add a completely new line of Vehicle Protection Products backed by American Bankers Insurance Company of Florida (ABIC), an Assurant Solutions company. ABIC is rated "A" Excellent by A.M. Best Company*. Not only does this partnership enable GWC to provide another option for its dealers, it also reinforces GWC's commitment to provide its dealer partners with long term security and stability.
GWC dealers now have 4 diverse lines of Vehicle Protection Products to choose from:
- GWC backed by American Bankers Insurance Company of Florida; rated "A" Excellent by A.M. Best Company*
- GWC backed by Global International Insurance Company, Inc., RRG; rated "A-" Excellent by A.M. Best Company*
- National Automotive Distribution Network (NADN); GWC's uninsured product line
- LSDL; GWC's Installment Payment Program
"We know of no other company that offers this range of options to its dealer partners and we believe doing so reaffirms GWC's commitment to develop products to meet every dealer's needs," states Rob Glander, President and CEO of GWC Warranty. "Partnering with Assurant Solutions also gives us the opportunity to expand our national footprint into states that require 3rd party insurance," added Glander.
GWC is a leading provider of vehicle service contracts and related finance and insurance products sold through automotive dealers. Over the past 15 years, GWC has built one of the few integrated platforms in the industry, providing sales and marketing, state-of-the-art claims administration, and unparalleled product options for its dealer partners. GWC is the trusted partner of over 20,000 franchise and independent car dealerships in 37 states. GWC is owned by CIVC Partners, a Chicago based private equity firm with over $1.3 Billion under management. For more information about GWC please visit www.GWCWarranty.com.
Assurant Solutions is part of Assurant, Inc., a premier provider of specialized insurance products and related services in North America and selected international markets. Assurant, which has over $26 billion in assets and $8 billion in annual revenue, is a member of the S&P 500 and is traded on the New York Stock Exchange under the symbol AIZ. This year, Assurant was ranked No. 268 on the Fortune 500 and No. 828 on the Forbes Global 2000 – a ranking of the top 2,000 companies in the world. For more information about Assurant please visit www.Assurant.com.
*an organization that rates insurance companies based on financial strength and operating performance. These ratings are 3rd and 4th highest out of 16 categories. The A.M. Best Company neither endorses nor is affiliated with American Bankers Insurance Company of Florida (ABIC).
SOURCE GWC Warranty