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September 22, 2017 - Industry News

SouthwestRe, DAC Sold to Canada's iA Financial Group

iA Financial Group, one of the largest life and health insurance companies in Canada, has signed an agreement to acquire shares of third-party administrator SouthwestRe and its insurance arm, Dealers Assurance Co. The acquisition is expected to more than double the firm’s vehicle warranty business.

Tags: Dealers Assurance Company, F&I products, iA Financial Group, Jim Smith, reinsurance, SouthwestRe, vehicle service contracts

August 17, 2017 - Industry News

AmTrust Names Jackie Banks Vice President of Reinsurance for Special Risk Division

The former reinsurance executive for Allstate Dealer Services will be responsible for all aspects of reinsurance for AmTrust’s Special Risk division, including sales support, training and development of staff, as well as general management responsibilities.

Tags: AmTrust, F&I products, reinsurance

February 9, 2017 - Industry News

GSFSGroup Names New President

Jeff M. Parent, president of GSFSGroup.

The F&I product provider announced this week the appointment of Jeff Parent as president. The 26-year veteran of the automotive business succeeds Steve Amos, who is retiring after nine years as GSFSGroup’s president.

Tags: F&I products, GSFSGroup, Jeff Parent, reinsurance, Steve Amos

February 9, 2017 - Industry News

Portfolio Named Endorsed Provider by Wyoming Dealer Association

The dealer reinsurance program manager announced it has entered into an agreement with Wyoming Automobile Dealers Association to bring reinsurance profit participation and retrospective commission programs to the association and member dealers who sell Portfolio F&I products.

Tags: F&I products, Portfolio, reinsurance, Wyoming Automobile Dealers Association

December 13, 2016 - Industry News

Portfolio’s Dallas Office Named a ‘2017 Best Place to Work For in Texas'

The F&I product provider joins 100 other companies on the list. This was the first time the company entered the contest, which is designed to recognize and honor the best places of employment in Texas, benefiting the state economy, workforce and business.

Tags: F&I product provider, Portfolio, reinsurance, vehicle service contracts

May 31, 2016 - Industry News

Turks and Caicos Regulator Engages Reinsurance Industry

The Turks and Caicos Islands Financial Services Commission met last week with 20 leading reinsurance experts to elicit their views on proposed improvements to the islands’ regulatory regime and to explore how TCI may remain the domicile of choice of producer affiliated reinsurance companies.

Tags: consumer protection, GAP, producer-affiliated reinsurer, reinsurance, Service Contracts, Turks and Caicos Islands

April 28, 2016 - Industry News

EFG Companies Adds OEM and Reinsurance Veteran to Leadership Team

The F&I product provider has named Richard Christensen, a 25-year veteran of the automotive retail industry and reinsurance business, vice president of product development.

Tags: EFG Companies, F&I manager, F&I products, reinsurance

January 8, 2016 - Industry News

Registration Open for Dealer Summit 2016

Organizers of Dealer Summit announced that registration is now open for the event, which is scheduled for May 3–5, 2016, at the Sheraton Tampa Riverwalk Hotel.

Tags: compliance, Dealer Summit, DealerStrong, digital marketing, Greg Goebel, Jim Ziegler, lead conversion, reinsurance, sales, special finance

August 5, 2015 - Industry News

Bill Aimed at Texas Reinsurance Regulations to Become Law

A bill supported by GSFSGroup will become law on Sept. 1, effectively aligning Texas reinsurance law more closely with regulations in other states.

Tags: GSFSGroup, legislation, reinsurance

July 28, 2015 - Industry News

Portfolio Announces New CFO, Treasurer

The reinsurance program manager announced that Pam Hamilton will take over all treasury functions. The company also appointed Robert Dickey as CFO.

Tags: F&I products, Portfolio, Portfolio Asset Protection, reinsurance

May 26, 2015 - Industry News

Portfolio Repeats Top Diamond Ranking in Dealers’ Choice Awards

Portfolio has again been ranked as the top Diamond provider in the Vehicle Service Contracts – Reinsurance category in the annual Dealers’ Choice Awards.

Tags: Auto Dealer Monthly, Dealers' Choice Awards, Portfolio Group, reinsurance

May 19, 2015 - Industry News

CNA National Voted Top Provider for 11th Year in a Row

CNA National has received the Diamond Award for Best Service Contract Provider as well as the Platinum Award for Best Reinsurance Provider in Auto Dealer Monthly’s 2015 Dealers’ Choice Awards.

Tags: Auto Dealer Monthly, CNA National, Dealers' Choice Awards, Industry Summit, reinsurance

May 5, 2015 - Industry News

Portfolio Expands into New California Headquarters

Portfolio has moved from its headquarters in Irvine to an office in nearby Lake Forest that will accommodate future growth.

Tags: headquarters, Portfolio Group, reinsurance

February 24, 2015 - Industry News

President Once Again Takes Aim at Reinsurers

For the sixth time, President Barack Obama has included language in his annual budget that would end some of the tax benefits enjoyed by reinsurers. Market insiders don’t believe it will gain support from the Republican-controlled Congress.

Tags: Barack Obama, budget, Jim Smith, Obama administration, President, President Obama, reinsurance, SouthwestRe

February 17, 2015 - Industry News

CNA’s Participation Plans Distribute More Than $38 Million in 2014

To date, the F&I product provider has returned $329 million through its dealer participation plans, with company officials noting that 2014 distributions exceeded the highest return since the inception of those programs.

Tags: CNA National, dealer participation plans, F&I office, reinsurance

February 12, 2015 - Industry News

Portfolio Celebrates 25th Year in Business

Portfolio, a reinsurance manager, is celebrating its 25th year in business by hosting a series of events for employees and agents throughout 2015.

Tags: milestone, Portfolio Group, reinsurance

July 22, 2014 - Industry News

CNA National Named Top Provider for Tenth Year

For the tenth year in a row, CNA National was voted a top provider in the Dealers’ Choice Awards, based on a survey conducted by Auto Dealer Monthly.

Tags: Auto Dealer Monthly, CNA National, Dealer's Choice Awards, reinsurance

February 25, 2014 - Industry News

CNA Distributes Nearly $30 Million Through Dealer Participation Plans in 2013

CNA officials tout strength, stability and flexibility of its various participation plans after distributing approximately $30 million to dealers for the fourth consecutive year.

Tags: CNA National, Controlled Foreign Corp., dealer participation plans, Noncontrolled Foreign Corp., reinsurance

August 7, 2012 - Industry News

GSFSGroup Launches Reinsurable Maintenance Plan

The F&I product provider's newest program doubles as a customer loyalty program and a long-term, wealth-building opportunity for dealers.

Tags: F&I products, GSFSGroup, Prepaid Maintenance, reinsurance

April 10, 2012 - Industry News

CNA Voted Top Service Contract, Reinsurance Provider

CNA National was voted both the best service contract provider and reinsurance provider for 2012 by dealers in Auto Dealer Monthly’s annual Dealer’s Choice Awards.

Tags: CNA National, reinsurance, Service Contracts

February 7, 2012 - Industry News

Barrett Rejoins Resource Automotive

Steve Barrett has returned to Resource Automotive, where he will once again oversee the company’s reinsurance offerings.

Tags: reinsurance, Resource Automotive

February 26, 2010 - Industry News

Protective and MAPFRE Form Partnership

The Asset Protection Division of Protective Life Insurance Company, a wholly-owned subsidiary of Protective Life Corporation, has formed a partnership with MAPFRE Asistencia, a subsidiary of MAPFRE S.A.

Tags: Protective, reinsurance, Service Contracts

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