Contact Information: For more information, contact: Rob Mancuso SVP Corporate Communications The Warranty Group 312.356.2320
Virginia Surety Announces Administrative and Marketing Agreement With The Penn Warranty Corporation
| Source: The Warranty Group, Inc.
CHICAGO, IL--(Marketwire - February 9, 2010) - Virginia Surety Company, Inc. (VSC), a
subsidiary of The Warranty Group, Inc., today announced an agreement with
The Penn Warranty Corporation to provide underwriting and actuarial support
for its pre-owned vehicle service contract program.
"We are pleased to announce our partnership with The Penn Warranty
Corporation," said Mike Frosch, senior vice president of VSC. "Its robust
offerings combined with Virginia Surety's expertise in underwriting,
customer acquisition and retention create a compelling alliance. Both The
Penn Warranty Corporation and its customers will benefit from this
industry-leading approach to value and brand loyalty."
"We are pleased to offer our customers underwriting solutions from an
A-rated provider in VSC," said Jude Tuma, president and CEO of The Penn
Warranty Corporation. "In addition, this agreement establishes a solid
growth platform, from which we can extend our market presence, while
maintaining our industry-leading service contract plans and high level of
customer satisfaction."
Virginia Surety and The Penn Warranty Corporation share deep expertise in
the retail automotive segment.
About The Warranty Group
The Warranty Group is the world's premier provider of service contracts and
related benefits, with operations in 36 countries and more than 2000
employees. With underwriting, claims administration, compliance and
marketing expertise, The Warranty Group is a single-source solution for
manufacturers, distributors and retailers of consumer goods including
autos, homes, consumer electronics, furniture and appliances as well as
financial institutions and the travel and leisure industry. www.TheWG.com
About The Penn Warranty Corporation
For more than two decades, The Penn Warranty Corporation has been the
trusted provider of vehicle service contracts to car buying customers of
independent dealerships. As a leading innovator in the service contract
industry, Penn Warranty has created several successful programs that
address the unique needs of independent dealers and their customers. These
programs enable independent dealers to maximize their profits without
sacrificing value and coverage for their customers.
As one of the oldest auto service contract companies in the United States,
Penn Warranty has served as the trusted and reliable partner to more than
20,000 independent dealers. For more information about Penn Warranty, or to
become a Penn Warranty dealer, please visit www.PennWarrantyCorp.com, or
call 800-356-9441.