Fortegra Europe Selected as Exclusive Extended Warranty and Add-On Insurance Product Provider for Motorpoint
July 14 2021 - 9:00AM
Business Wire
Motorpoint chose Fortegra Europe given
Fortegra’s Excellent Financial Strength and Stability
Fortegra Financial Corporation (“Fortegra”), a leading specialty
insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), announced
today that it is now the exclusive vehicle service contract
provider for Motorpoint, UK’s largest independent car retailer.
“We selected Fortegra Europe because of Fortegra’s overall
financial strength and stability,” said Jon Baird, Chief Commercial
Officer at Motorpoint. “After several years with our previous
provider, we were ready for a change. We wanted an insurer we could
deal with directly and who could provide more innovative products
and services to match our ambitions; Fortegra could deliver on both
of those requirements.”
Fortegra’s insurance add-on products include vehicle warranties
and ancillary products such as GAP Insurance, Key Protection, Paint
Protection, and Asset Protection.
“We are excited to be working with Motorpoint and look forward
to building a long-term relationship providing best-in-class
warranty and ancillary insurance products to Motorpoint’s
customers,” said Sanjay Vara, Fortegra Europe’s Chief Underwriting
Officer. “Fortegra is dedicated to delivering insurance products
that offer tangible benefits and real peace of mind by protecting
consumers financially.”
Motorpoint began writing business with Fortegra on May 1, 2021,
and despite COVID, both have seen robust results.
About Fortegra
The Fortegra Group, LLC is a global specialty insurer. Fortegra
and its subsidiaries underwrite and administer a comprehensive and
diverse set of admitted and surplus insurance products and warranty
solutions across the United States and around the world. For over
40 years, Fortegra’s collaborative approach, experienced team, and
innovative products have fueled consistent growth and increasing
demand from both domestic and international partners. The Company
holds an A.M. Best Financial Strength Rating of A- (Excellent). For
more information on Fortegra, visit: https://www.fortegra.com/.
About Motorpoint
Motorpoint, established in 1998, is the UK’s largest independent
car retailer selling nearly new cars up to four years old and with
less than 30,000 miles. Motorpoint is committed to making car
buying easy. Every vehicle comes with a warranty, is available to
drive away the same day, and is backed by the Motorpoint Price
Promise. Motorpoint employs over 800 people nationwide and operates
from locations in Birmingham, Birtley, Burnley, Castleford,
Chingford, Derby, Glasgow, Newport, Oldbury, Peterborough,
Sheffield, Stockton-on-Tees, Swansea, and Widnes. Motorpoint has
been named a Feefo Platinum Service Award winner for 2020 and has
also been named one of the Sunday Times Top 100 Mid-Sized Companies
to Work for seven years consecutively. For more information on
Motorpoint, visit www.motorpoint.co.uk.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210714005148/en/
For Fortegra: Holly Bohn Pittman 904.357.2122
press@fortegra.com For Motorpoint: Hayden Vokes Marketing
Director 01332 647 480 customercare@motorpoint.co.uk
Tiptree (NASDAQ:TIPT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Tiptree (NASDAQ:TIPT)
Historical Stock Chart
From Apr 2023 to Apr 2024