Virginia Surety Company (VSC), a subsidiary of The Warranty Group, has signed an agreement with Express Systems to provide underwriting and actuarial services for their reinsured product offerings.
Mike Frosch, senior vice president of Virginia Surety, said: This new endeavor includes guaranteed asset protection (GAP) as well as other related finance and insurance product offerings. Our goal is to help Express continue to grow its business by providing world class underwriting and actuarial services that compliment their value proposition.
Dan Haugen, general manager of Express Systems, said: Our partnership with VSC is another significant step in the growth of Express Systems. We will be bringing more product and service value to the dealer reinsured industry through leveraging VSC’s underwriting and marketing strength.
Express Systems is into dealer reinsurable after-market products, including service contracts and anti-theft related products.