OMAHA, Neb., July 12, 2021 /PRNewswire/ — Mr. Steve Menzies, Chairman, Used Underwriters, now introduced that the Business has obtained the US Specialty Strains Division of Generali Group, which incorporates Generali Warranty Providers, LLC, a totally certified obligor. This is the most recent in an ongoing series of Used acquisitions. Used Underwriters will mixture the Specialty Traces company into its freshly fashioned Used Warranty & Insurance policies Services division. The acquisition will allow the development and growth of its offerings nationwide.
According to Mr. Menzies, Generali procedures and contracts will be honored throughout what will be an orderly changeover: “We will promptly suppose all threats on a reinsurance foundation by way of North American Casualty’s Continental Indemnity Enterprise and move rapidly into new focal areas by way of the new Applied Guarantee & Insurance policies Companies division.” Mr. Menzies added, “We applaud Jose Luis Menendez for his leadership in producing Generali’s Specialty Traces Division a formidable entity. We welcome the workers that will be part of him to make sure continuity.”
Mr. Menendez, who formerly served as Executive Vice President and Chief Insurance plan Officer as section of his 17-12 months job at Generali’s US insurance policy operations, will provide as President of Applied Warranty & Insurance policy Expert services and will direct its US growth with new packages recognized as a result of Applied’s sizeable network of brokers and brokers.
Mr. Menendez famous, “We have varied, versatile and sector-smart goods that confirm eminently helpful in the actual worlds of warranty, journey insurance, own electronics and these types of specialties as function ticket cancellation and identical strains. Utilized will bolster our ability to mature and produce increased and newly created goods.”
The offices of Utilized Guarantee & Insurance Solutions will stay in Miami, Florida. The transaction is subject to the acceptance of the Florida Business of Insurance policy Regulation.
For even further data make contact with: Ryan Gerding, Public Relations, at +1 (913) 602-8531 or at [email protected].
About Applied Underwriters (www.auw.com)
Used Underwriters® is a international danger solutions company that helps firms and persons take care of uncertainty via its organization expert services, insurance and reinsurance answers. As a enterprise, Applied Underwriters has been distinguished by its revolutionary techniques to customer treatment and by its sturdy financial energy. Utilized Underwriters operates broadly all over the US, United kingdom, EU and Center East. Its operational headquarters is found in Omaha, Nebraska.
About Generali Guarantee Services, LLC
Generali Guarantee Services is a wholly owned subsidiary of Generali US Branch. As these, the organization is backed by the financial strength and assets of an ‘A’ rated insurance company. As component of Generali’s Specialty Strains Division, Generali Guarantee Providers gives products and services for guarantee programs by applying the working experience of the Generali Team and its estimable financial energy.
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