ATLANTA and BALTIMORE, Feb. 3,
2012 /PRNewswire/ -- Assurant Solutions, a global
provider of extended service contracts, and CARCHEX, a leading
online provider of extended vehicle protection, today announce an
exclusive strategic partnership to benefit customers and clients of
both companies.
For Assurant, the agreement provides its customers and clients
with access to CARCHEX's established online capabilities including
proprietary technology and other services from a company with more
than a decade of experience providing extended vehicle protection
directly to consumers. The strategic partnership provides CARCHEX
with a modest infusion of capital to accelerate growth and further
strengthen its brand.
"This agreement is significant for CARCHEX because it leverages
Assurant Solutions' global leadership in underwriting and
administering extended service contracts -- their confidence in our
brand and approach speaks volumes," said Jason Goldsmith, CARCHEX chief executive
officer. "This partnership allows us to expand CARCHEX's
capabilities and enhance the product and service experiences we
provide to consumers."
With the partnership in place, CARCHEX plans to expand its
strategic development of new products and services.
"As more and more consumers make online purchases, this
agreement demonstrates Assurant Solutions' commitment to developing
new distribution channels for the valuable products and services we
provide for our customers and clients," said Joe Erdeman, president of Assurant Solutions'
extended service protection business. "CARCHEX offers great
direct-to-consumer capabilities and we are excited to enter this
strategic partnership with them."
About Assurant Solutions
Assurant Solutions businesses develop, underwrite, market
and administer specialty insurance, extended service contracts and
other risk management solutions through collaborative relationships
with leading financial institutions, retailers, automobile dealers,
funeral homes, manufacturers, wireless carriers and other entities.
With operations in 25 locations, including executive offices in
Atlanta, Assurant Solutions serves
clients and their customers in 12 countries throughout North America, the Caribbean, Latin
America, Europe and
Asia.
www.assurantsolutions.com.
Assurant Solutions is also part of Assurant, a premier provider
of specialized insurance products and related services in
North America and worldwide
markets. Assurant, a Fortune 500 company and a member of the
S&P 500, is traded on the New York Stock Exchange under the
symbol AIZ. Assurant has approximately $27
billion in assets and $8
billion in annual revenue. Assurant has approximately 14,000
employees worldwide and is headquartered in New York's financial district.
www.assurant.com.
About CARCHEX
Headquartered in Hunt Valley,
Md., CARCHEX is the premier provider of Extended Vehicle
Protection and Mobile Vehicle Inspections. As the preferred partner
to the most trusted names in the automotive industry, including
Pat Goss of TV's MotorWeek, Carfax
and Kelley Blue Book, CARCHEX
provides customized coverage plans to consumers allowing them to
get the highest level of protection for their vehicles at the most
competitive prices. Over a decade long commitment to protecting
automotive consumers and providing exceptional customer service has
translated into an A+ Rating with the Better Business Bureau. To
learn more about CARCHEX and to Get Protected, visit
http://www.CARCHEX.com.
SOURCE Assurant Solutions