SOURCE: The Warranty Group, Inc.
CHICAGO, IL--(Marketwire - Jan 2, 2013) - The Warranty Group, a global single-source provider of extended warranties and related programs, is pleased to announce that it has completed an equity investment in National Underwriting Agencies Pty Ltd (NUA).
Based in Brisbane, Australia and established in 1999, NUA is owned by Alan Brewis and Noel Johns. NUA are long standing Lloyds Coverholders and have developed an extensive range of niche personal insurance products.
Amongst the products NUA currently provide are: consumer credit insurance, event ticket insurance, accidental damage insurance for various consumer products such as mobile phones and eyeglasses; and lifestyle protection products including accidental injury, trauma and involuntary unemployment programs. NUA's major clients include OPSM, ANZ Bank, Sydney Opera House, Showbiz International and various ticketing agencies.
"Partnering with NUA provides us with new products and clientele that will expand The Warranty Group's global leadership position," said Mike Frosch, president and chief operating officer at The Warranty Group. "We look forward to working with the NUA team, while introducing their unique portfolio of products into the U.S. market."
"We are excited by the prospect of partnering with The Warranty Group to further enhance our market penetration for innovative, customer-focused insurance products utilizing our Lloyds relationships," said Alan Brewis, director of NUA.
About The Warranty Group
The Warranty Group is the world's premier global provider of service contracts and related benefits, with operations in over 30 countries and 2,000 employees. With underwriting, claims administration and marketing expertise, The Warranty Group is a single-source solution for manufacturers, distributors and retailers of consumer goods including automobiles, homes, consumer electronics, furniture and appliances, as well as specialty insurance product and service solutions for financial institutions. For more information, visit www.thewarrantygroup.com