CHICAGO, IL--(Marketwired - Oct 23, 2013) - The Warranty Group, a leading global provider of warranty solutions and underwriting services, is pleased to announce a contract renewal with National Electronics Warranty (NEW), an Asurion company.
The multi-year contract enables The Warranty Group, through its wholly-owned insurance subsidiary Virginia Surety Company, Inc. (rated A- Excellent by AM Best Company), to continue providing contractual liability insurance coverage, underwriting and actuarial support for several NEW protection plan programs. NEW partners with the nation's top retailers to provide their customers with protection plans and device support on consumer goods such as appliances, electronics, office products, and exercise equipment.
"We value NEW's long-standing partnership with The Warranty Group and Virginia Surety," stated Jason Martin, vice president of risk and underwriting at NEW. "They have been a valued and trusted partner, offering coverage options for our programs that benefit our clients and their customers."
Justin Thomas, senior vice president at The Warranty Group, explains, "We're proud to continue our partnership with NEW. They have proven themselves to be an industry leader in serving the retail marketplace and we look forward to continuing to support their underwriting and actuarial needs as they grow their business."
This latest contract renewal between The Warranty Group and NEW extends a business partnership that has been in place for more than 20 years.
About The Warranty Group
The Warranty Group is one of the world's premier global providers of warranty solutions and related benefits, with operations in over 30 countries and 1,900 employees. With underwriting, claims administration and marketing expertise across the globe, The Warranty Group is a single-source solution for leading manufacturers, distributors, and retailers of consumer goods including automobiles, homes, consumer appliances, electronics, and furniture, as well as specialty insurance products and services for financial institutions. For more information, visit www.thewarrantygroup.com
About NEW, an Asurion Company
NEW, together with its affiliates and member companies, is the leading global provider of extended service plans, buyer protection services and product support, providing coverage to more than 180 million consumers around the world. Founded in 1983, with headquarters in Sterling, Va., NEW provides award-recognized post-sale consumer care for leading retailers, consumer service providers, wireless carriers and financial services firms across North America. NEW delivers a comprehensive customer care solution that begins on day one of the product purchase and extends through the end of the product life cycle. The company has an A+ rating with the Better Business Bureau. For more information, please visit NEW at www.newcorp.com, or call 1-800 WHAT'S NEW (1-800-942-8763).
Asurion, a privately-held company operating across three continents, is the global leader in providing consumer technology protection services. Asurion offers support to help customers derive optimum benefit from the usage of electronics; security to help ensure content privacy; and peace of mind through rapid replacement of lost, stolen, damaged or malfunctioning devices. As the premier technology protection provider, Asurion's 14,000+ employees specialize in fulfilling the needs of more than 300 million consumers through strategic partnerships with the world's top wireless, retail, and cable brands. Asurion's constant commitment to meeting customer needs has earned the company an A+ rating with the Better Business Bureau and an average post-claim customer rating of 4.6 out of 5 stars. For more information about Asurion, including its customer service ratings and reviews that help drive continuous improvement, please visit www.asurion.com.