Contact Information: For more information, contact: Rob Mancuso SVP Corporate Communications The Warranty Group 312.356.2320
Virginia Surety Announces Warranty, ID Theft and Travel Benefit Agreement With Individual Assurance Company
| Source: The Warranty Group, Inc.
CHICAGO, IL--(Marketwire - January 8, 2010) - Virginia Surety Company, Inc. (VSC), a
subsidiary of The Warranty Group, Inc., today announced an agreement to
provide home and appliance warranties, identity theft protection and travel
benefits to Individual Assurance Company (IAC) as an expansion of VSC's
financial institution offerings.
Mike Frosch, senior vice president of VSC, said, "IAC is recognized as an
industry leader in delivering fee-income insurance and debt-protection
products to financial institutions through its unique FourPoint technology
solution. VSC's extensive product offerings and collaborative
program-development approach assists clients in driving acquisition,
retention and revenue-generation efforts. Our combined partnership
provides a turnkey solution to meet the needs of clients in the financial
services industry during these challenging times."
According to Mike Strickland, president of IAC, "The collaboration between
our two companies will offer our partners new and exciting solutions. Our
financial institutions are seeking innovative ways to help their customers
when the unexpected financial crisis occurs. VSC and IAC are pleased to be
able to offer these valuable solutions."
Both VSC and IAC have deep expertise in assisting financial institutions
with customer-loyalty and brand-building programs.
About The Warranty Group
The Warranty Group is the world's premier provider of extended service
plans and related benefits, with operations in 33 countries and more than
2000 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
About IAC
IAC has over 50 years of experience working with financial institutions to
provide insurance solutions to their customers. Today we have over $6
billion of insurance inforce. IAC offers a full range of insurance
products, debt protection and reinsurance programs to more than 600
financial institutions from Alaska to Maine. www.iac-group.com