July 23, 2014 3:36 PM ET

Insurance

Company Overview of The Warranty Group, Inc.

Company Overview

The Warranty Group, Inc. provides warranty management, compliance, insurance, and underwriting services for consumer electronics, automotive, and credit card enhancements in the United States. It engages in underwriting, administrating, and marketing service contracts and related benefits for manufacturers, retailers, and distributors of automotive, consumer electronics, medical devices, fitness equipment, power tools, appliances, home systems, and power sport vehicles; and credit card enhancements and travel programs. The company also provides automotive programs and solutions, including service contracts, certified pre-owned/limited warranties, customer retention/pre-paid maintenance, vehi...

175 West Jackson Building

11th Floor

Chicago, IL 60604

United States

Founded in 1964

Phone:

312-356-3000

Fax:

312-356-3001

Key Executives for The Warranty Group, Inc.

Chief Executive Officer
Age: 48
Chief Financial Officer and Executive Vice President
Age: 52
Executive Vice President of Operations
Age: 62
President of North America Automotive Segment
Age: 62
Executive Vice President
Compensation as of Fiscal Year 2014.

The Warranty Group, Inc. Key Developments

The Warranty Group, Inc. Appoints John Luckett to Agent Summit Conference Advisory Board

The Warranty Group, Inc. announced the appointment of John Luckett to the Agent Summit Conference Advisory Board. Luckett is senior vice president of sales and marketing for Resource Agent Group. Luckett joined the company in 1999 as a regional sales manager, and quickly moved up the ranks holding a series of positions including divisional vice president and agent distribution vice president.

Warranty Group to Form a Joint Venture with TVS Automobile Solutions Limited

The Warranty Group announced it has agreed to form a joint venture with TVS Automobile Solutions Limited to be finalized in the coming weeks. The joint venture will offer extended warranties and related services and solutions throughout India, Bangladesh, Sri Lanka, and portions of the Middle East. The joint venture company will focus on auto, appliance and electronics manufacturers, and distributors and retailers. Products offered will include a full range of service contracts, extended warranties, limited warranties, and prepaid maintenance programs. The joint venture company will initially focus on India's automobile, light truck and 2-wheeler vehicle segments, then expand quickly into the appliance, technology and other consumer products categories. TVS ASL is already managing extended warranty programs for Ashok Leland and Nissan in India, and looks forward to serving other brands in the future.

The Warranty Group, Inc. Extends Agreement with American Residential Warranty

The Warranty Group, Inc. and American Residential Warranty (ARW) announced a multi-year extension of their existing agreement, which offers valuable warranty programs to homeowners throughout the United States. The contract extension includes the addition of appliance coverage in California, Nevada and Virginia, bringing protection provided through ARW to all 50 states. Home warranty coverage also is expanded to include external water lines, external sewer lines and well pumps.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 1, 2014
--
Merger/Acquisition
March 21, 2014
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