SOURCE: The Warranty Group, Inc.

The Warranty Group, Inc.

August 21, 2009 13:08 ET

The Warranty Group Celebrates 45th Anniversary

CHICAGO, IL--(Marketwire - August 21, 2009) - The Warranty Group, the world's leading provider of service plans, today announced the celebration of its 45th year of operations. The company traces its roots to 1964, when it was incorporated as Pat Ryan and Associates, Inc.

Owned by Onex Corporation (TSX: OCX) since November 2006, The Warranty Group provides warranty products and related benefits for a wide range of consumer goods and currently has operations in 36 countries. With assets of almost $5 billion and revenues of $1.9 billion, the company is the largest independent provider of service contracts in the world.

"I couldn't be prouder of our 2300 associates for their passion and commitment. They understand the challenges of today's marketplace and deliver solutions that make an impact -- on client revenues and customer loyalty," said David L. Cole, Chairman and CEO.

"Equally important, our organization continues to grow. We recently opened an office in Lima, Peru, and we have identified other new markets where we will begin operations soon. This is a testament to our financial stability as well as our enduring value proposition," said Cole.

The Warranty Group is headquartered in the historic Insurance Exchange Building in the financial district in Chicago, Illinois and is the recipient of many industry awards.

About The Warranty Group

The Warranty Group is the world's premier provider of extended service plans and related benefits, with operations in 36 countries and 2300 employees. By providing underwriting, claims administration, compliance and marketing expertise, The Warranty Group is a single-source solution for manufacturers, distributors and retailers of consumer goods including autos, homes, consumer electronics, furniture and appliances as well as financial institutions and the travel/leisure industry. www.TheWG.com

Contact Information

  • For more information, contact:
    Rob Mancuso
    SVP Corporate Communications/Investor Relations
    312.356.2320
    Email Contact