• Assurant Closes Its $2.5 Billion Acquisition of The Warranty Group

    Jan 14, 2019, 16:10 p.m. by Arturo Ortiz
    NEW YORK – May 31, 2018 – Assurant, Inc. (NYSE: AIZ), a premier global provider of risk management solutions, today announced the closing of its acquisition of The Warranty Group from TPG Capital for a total enterprise value of approximately $2.5 billion. This reflects approximately 10.4 million Assurant shares, or $993 million based on the acquisition agreement closing price, and approximately $1.5 billion in cash, after considering the repayment of The Warranty Group’s $596 million in existing debt. The transaction further cements Assurant’s leadership position in vehicle protection and supports the company’s growth strategy in the broader global lifestyle market with an attractive product and client portfolio and a deepened global footprint.
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  • Assurant Announces Several Appointments to Its Global Automotive Leadership Team

    Jan 14, 2019, 16:10 p.m. by Arturo Ortiz
    NEW YORK – May 31, 2018 – Assurant, Inc. (NYSE:AIZ), a premier global provider of risk management solutions, today announced new leaders for its global automotive business, following the close of its acquisition of The Warranty Group. The newly named leadership team draws on the deep automotive bench of the two organizations to deliver the best and most experienced individuals to drive growth and serve clients and customers across the world.
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  • Assurant Appoints Regional Leaders as Acquisition Deepens Global Footprint

    Jan 14, 2019, 16:09 p.m. by Arturo Ortiz
    NEW YORK - May 31, 2018 – Assurant, Inc. (NYSE: AIZ), a premier global provider of risk management solutions, today announced the leadership team of its global operations following the closing of The Warranty Group acquisition. Also, today the combined company’s global automotive leadership team was announced.
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