August 27, 2016 2:36 PM ET

Insurance

Company Overview of Assurant Solutions Inc.

Company Overview

Assurant Solutions Inc. provides specialized insurance products and related services in North America and selected worldwide markets. The company provides electronics/appliance/jewelry protection, vehicle protection, mobile device protection, pre-funded funeral insurance, and payment protection solutions for individuals; and extended protection, mobile protection, financial protection, vehicle protection, and pre-funded funeral insurance products for businesses. The company is based in Atlanta, Georgia. It has locations in Latin America, France, Germany, Italy, Spain, the United Kingdom, Argentina, Brazil, Canada, Chile, China, Mexico, Puerto Rico, and the United States. Assurant Solutions I...

260 Interstate North Circle, S.E.

Atlanta, GA 30339

United States

Founded in 2007

Phone:

770-763-1000

Fax:

770-859-4403

Key Executives for Assurant Solutions Inc.

Chief Financial Officer and Senior Vice President
Chief Executive Officer of Assurant Solutions - Canada and President of Assurant Solutions - Canada
Chief Executive Officer of Assurant Solutions - Brazil and President of Assurant Solutions - Brazil
General Manager of Assurant Solutions - China and President of Assurant Solutions - China
Chief Executive Officer of Assurant Solutions - Spanish Latin America and President of Assurant Solutions - Spanish Latin America
Compensation as of Fiscal Year 2016.

Assurant Solutions Inc. Key Developments

Assurant Appoints Andy Morris as Chief Executive Officer and President of Assurant Solutions’ European Operations

Assurant Inc. announced the appointment of Andy Morris to the role of president and chief executive officer of Assurant Solutions in Europe. Andy will be based in the UK and report to Keith Demmings in his new role. Andy's leadership experience within European and global business-to-business service providers spans more than 20 years. He was promoted to chief marketing officer of Assurant Solutions in Europe in 2014.

OnePlus Partners with Assurant to Offer Protection Plans for its Newest Smartphones

OnePlus is partnering with Assurant Solutions to offer U.S. and Canadian customers protection plans for its newly released high-end, high-demand smartphones- the OnePlus X and OnePlus 2. On-Guard by Assurant protection plans cover mechanical and electrical breakdown after the warranty expires, as well as accidental damage for selected plans. The three single-pay plan options provide a choice to purchase coverage for 12, 18 or 24 months. Pricing for On-Guard 12 by Assurant, On-Guard Plus 18 by Assurant and On-Guard Plus 24 by Assurant ranges from USD 20 - USD 80 or CAD 25- CAD 110, with no deductible requirement for mechanical or electrical breakdown claims. Accidental damage coverage against breaks and spills is only offered through the 18- and 24-month plans.

Assurant Solutions Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Full Year 2015

Assurant Solutions reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net operating income of $52.4 million against $51.8 million a year ago. Net earned premiums, fees and other was $939.6 million against $969.3 million a year ago. Net operating income increased slightly compared to third quarter 2014. Third quarter 2015 results include a $4.5 million net tax benefit from international operations. Net operating income declined, primarily due to lower service contract volumes from North American retailers. For the nine months, the company reported net operating income of $167.6 million against $160.9 million a year ago. Net earned premiums, fees and other was $2,798.3 million against $2,796.8 million a year ago. For the year 2015, Assurant Solutions’ net earned premiums and fees and net operating income to approximate 2014 levels driven by continued growth from mobile and vehicle service contracts globally. Results to be affected by the previously disclosed loss of a domestic mobile tablet program, changes in carrier-marketing programs, declining service contract volumes at certain retailers and foreign exchange volatility.

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Recent Private Companies Transactions

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