July 11, 2014 11:39 PM ET

Insurance

Company Overview of Assurant Solutions Inc.

Company Overview

Assurant Solutions Inc. develops, underwrites, and markets specialty insurance, extended service contracts, vehicle service contracts, and other risk management solutions in collaborative relationships with financial institutions, retailers, automobile dealers, utilities, and other entities. It offers broadband, consumer electronics, jewelry, major appliances, personal computers, and vehicle protection programs; handset insurance; diversified financial services, including debt protection programs, targeted sales and retention, membership programs, credit insurance, and third party administration; and preneed life insurance, also known as funeral or burial insurance. The company is based in A...

260 Interstate North Circle S.E.

Atlanta, GA 30339

United States

Phone:

770-763-1000

Fax:

770-859-4403

Key Executives for Assurant Solutions Inc.

Chief Executive Officer and President
Age: 53
Chief Operating Officer and Vice President of International Operations
Senior Vice President
Chief Executive Officer of European Businesses and President of European Businesses
Latin America regional president
Compensation as of Fiscal Year 2014.

Assurant Solutions Inc. Key Developments

Assurant Solutions Announces the Renewal of its Exclusive Distribution Partnership with Service Corporation International

Assurant Solutions announced the renewal of its exclusive distribution partnership with Service Corporation International (SCI). The new 10-year agreement runs until 2024. Through the partnership, Assurant Solutions will continue to offer customers through SCI's network of more than 1,600 funeral homes several ways to fund expenses in advance of need.

Assurant Solutions Confirms Closure of Cork Call Centre Operation with Loss of 170 Jobs

Assurant Solutions confirmed it is to close its operation in Cork with the loss of 170 jobs. The company's management told staff in Cork last December it was conducting a review of its Irish operations which could lead to its call centre in the city being closed. The company has issued a statement confirming the closure of its facility on Model Farm Road in the city as part of a consolidation process of its customer care operations. The company is transferring the work carried out at its Cork plant to its operation in Crewe in the UK with the transfer due for completion by September. The company said meetings are being scheduled with the Cork staff to discuss the timeline and transition period for their roles.

Assurant Solutions, Inc. Initiates Workforce Reductions

Assurant Inc. has started workforce reductions it is undertaking as it integrates an acquisition and seeks to improve results at Assurant Solutions. In a December 12, 2013 filing, it said Assurant Solutions, notified employees in Europe of reductions in the workforce it plans as part of its consolidation of its operations and management structure on the continent. The consolidation is occurring in connection with its acquisition of Lifestyle Services Group. The workforce reductions in Europe are expected to be completed by June 2014, resulting in an after-tax charge of about $7.3 million to consolidated and segment fourth-quarter net income. Assurant Solutions in its domestic credit insurance and extended protection business conducted workforce reductions in the fourth quarter. It notified affected employees on or before December 12, 2013. It expects to take an after-tax charge of about $4.0 million to consolidated and segment fourth-quarter net income. It expects substantially all of this charge to result in future cash expenditures. The workforce reductions are unrelated to the European consolidation.

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