Assurant

Assurant, Inc., established in 1892, is a U.S.-based global provider of specialty insurance products and services. It operates through two primary segments: Global Housing and Global Lifestyle. The Global Housing segment offers lender-placed and voluntary insurance products for homeowners, renters, and manufactured housing, along with related services. The Global Lifestyle segment, which contributes significantly to the company's revenue, provides mobile device solutions, extended service products, car protection, credit protection, and other insurance products. Assurant, with approximately $30 billion in assets and $6 billion in annual revenue, serves customers in 16 countries. As a Fortune 500 company, it is committed to supporting local communities through its Assurant Foundation. Additionally, Assurant Ventures, the company's corporate venture capital arm, invests in technology companies that may complement or disrupt its core businesses.

Robert Lonergan

Executive Vice President, Chief Strategy and Risk Officer and Member of the Management Committee

Past deals in Motor Insurance

Protecta Insurance New Zealand

Acquisition in 2022
Protecta Insurance is a specialist insurance provider based in Auckland, New Zealand, focusing on vehicle insurance services. The company offers a range of policies tailored for classic cars, classic motorcycles, hot rods, muscle cars, and vintage vehicles. In addition to classic vehicle insurance, Protecta provides full coverage car insurance, motorcycle insurance, and mechanical breakdown insurance, ensuring comprehensive protection for its clients. The firm is committed to delivering reasonable policy conditions, claim limits, and an easy claims process, supported by a local contact center that is available around the clock to assist customers with their needs.

Buckle

Series B in 2021
Buckle is a digital financial services company that specializes in providing insurance products tailored for the gig economy, particularly for drivers engaged in rideshare and delivery services. The company offers coverage for various gig platforms, including major players like Uber, Lyft, and DoorDash, ensuring that gig workers can access insurance without the burden of credit checks. Buckle employs cloud-based underwriting technology to deliver customized insurance solutions, enhancing affordability and simplifying the process for users. In addition to insurance, the company fosters a community for gig drivers, providing forums, member benefits, and industry expertise. Through strategic partnerships with Managing General Agents, Buckle aligns the interests of brokers, insurers, and reinsurers, maximizing value across the insurance ecosystem. Its digital carrier platform leverages data insights to streamline operations and improve efficiency for all stakeholders involved.

The Warranty Group

Acquisition in 2017
The Warranty Group, Inc. is a leading provider of warranty and insurance services, specializing in underwriting, claims administration, and marketing solutions. Established in 1964 and headquartered in Chicago, Illinois, the company operates in 33 countries with a workforce of approximately 1,800 employees. The Warranty Group offers a comprehensive range of services, including compliance and customer care options, service logistics, and electronic claims processing. Its product offerings encompass extended service plans and warranties for automobiles, recreational vehicles, consumer electronics, appliances, and home systems, as well as various insurance products tailored for businesses. The company serves a diverse clientele, including manufacturers, distributors, retailers, and financial institutions, partnering to enhance customer acquisition and retention. The Warranty Group also provides specialized solutions such as identity theft protection and mechanical repair coverage, ensuring a robust suite of services designed to meet the needs of its clients.

Swansure Group

Acquisition in 2007
Swansure Group, which owns D&D Homecare Ltd, manufactures and distributes general insurance products predominantly to the independent financial adviser and mortgage broker markets. As a group it has become one of the largest and fastest growing Insurance providers in the UK. The group offers a range of products and services including mortgage and payment protection, buildings and contents, term life, motor GAP and mobile phone insurance together with bespoke scheme writing and administration.

Safeco Financial Institution Solutions

Acquisition in 2006
Safeco Financial Institution Solutions providing insurance agent and broker services for a range of insurance types.
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