To provide underwriting and actuarial services for their automotive and powersport extended service plans
Virginia Surety Company, a unit of The Warranty Group, has signed an agreement with Preferred Warranties (PWI), to provide underwriting and actuarial services for their automotive and powersport extended service plans.
Mike Frosch, Senior vice president of Virginia Surety, said: Virginia Surety Company selectively targets third party administrators, and we are excited about our partnership with Preferred Warranties. We look forward to deploying our 45 years of experience and deep resources to grow and expand PWI’s unique distribution model.
Wayne Herring, Sr., president/CEO of PWI, said: PWI remains committed to protecting the dealer’s image by providing outstanding customer service, while we embrace change in other areas, like our increasing focus on helping dealers build a profitable F&I revenue source. This underwriting agreement is another positive development that positions us for continued growth.”
Virginia Surety Company is the principal casualty insurance and warranty company operating under the Warranty Group.