Fortegra Europe Selected as Exclusive Extended Warranty and Add-On Insurance Product Provider for Motorpoint

Holly Bohn - Senior Vice President of Marketing and Communications Jul 14, 2021 9:44:39 AM

JACKSONVILLE, Fla.--()--Fortegra Financial Corporation (“Fortegra”), a leading specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), announced today that it is now the exclusive vehicle service contract provider for Motorpoint, UK’s largest independent car retailer.

“We selected Fortegra Europe because of Fortegra’s overall financial strength and stability,” said Jon Baird, Chief Commercial Officer at Motorpoint. “After several years with our previous provider, we were ready for a change. We wanted an insurer we could deal with directly and who could provide more innovative products and services to match our ambitions; Fortegra could deliver on both of those requirements.”

Fortegra’s insurance add-on products include vehicle warranties and ancillary products such as GAP Insurance, Key Protection, Paint Protection, and Asset Protection.

“We are excited to be working with Motorpoint and look forward to building a long-term relationship providing best-in-class warranty and ancillary insurance products to Motorpoint’s customers,” said Sanjay Vara, Fortegra Europe’s Chief Underwriting Officer. “Fortegra is dedicated to delivering insurance products that offer tangible benefits and real peace of mind by protecting consumers financially.”

Motorpoint began writing business with Fortegra on May 1, 2021, and despite COVID, both have seen robust results.

About Fortegra

The Fortegra Group, LLC is a global specialty insurer. Fortegra and its subsidiaries underwrite and administer a comprehensive and diverse set of admitted and surplus insurance products and warranty solutions across the United States and around the world. For over 40 years, Fortegra’s collaborative approach, experienced team, and innovative products have fueled consistent growth and increasing demand from both domestic and international partners. The Company holds an A.M. Best Financial Strength Rating of A- (Excellent). For more information on Fortegra, visit: https://www.fortegra.com/.


About Motorpoint

Motorpoint, established in 1998, is the UK’s largest independent car retailer selling nearly new cars up to four years old and with less than 30,000 miles. Motorpoint is committed to making car buying easy. Every vehicle comes with a warranty, is available to drive away the same day, and is backed by the Motorpoint Price Promise. Motorpoint employs over 800 people nationwide and operates from locations in Birmingham, Birtley, Burnley, Castleford, Chingford, Derby, Glasgow, Newport, Oldbury, Peterborough, Sheffield, Stockton-on-Tees, Swansea, and Widnes. Motorpoint has been named a Feefo Platinum Service Award winner for 2020 and has also been named one of the Sunday Times Top 100 Mid-Sized Companies to Work for seven years consecutively. For more information on Motorpoint, visit www.motorpoint.co.uk.

Contacts

For Fortegra:
Holly Bohn Pittman
904.357.2122
press@fortegra.com

For Motorpoint:
Hayden Vokes
Marketing Director
01332 647 480
customercare@motorpoint.co.uk

 
 

Categories: Warranty Solutions, News

Fortegra Announces Expansion of Partnership with Badcock Home Furniture &more - Named Exclusive Provider of Service Contracts and Credit Insurance Products

Holly Bohn - Senior Vice President of Marketing and Communications Jul 1, 2021 11:48:03 AM

JACKSONVILLE, Fla.--()--The Fortegra Group, LLC (“Fortegra”), a global specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), today announced the expansion of their partnership with Badcock Home Furniture &more (“Badcock”).

For almost 15 years, Fortegra has been providing Badcock customers with both credit insurance and furniture service contracts. By replacing the previous provider of service contracts on appliances & electronics, Fortegra will now be the exclusive credit insurance and protection plan provider across all 382 Badcock stores.

“We decided to consolidate our product offerings with Fortegra based on their approach to the business and the way in which they value the partnership. They not only listen to our business needs, but more importantly, are very intuitive to our customers’ needs, and that is where the magic happens,” said Badcock’s Vice President of Retail Operations and Chief Credit Officer Mitchell Stiles. “We are in the relationship business, and we want the customer to feel comfortable with their home furnishing purchases. Fortegra’s Concierge service team enhanced and personalized the claim process, which gives us the confidence that our customers are in good hands.”

“Over the last few years, retail has evolved dramatically, and we are always thinking about how to make sure service contracts keep up. So we worked closely with Badcock to reimagine their service contract process. From sales to claims, we created a simplified, multi-channel approach that better meets consumer needs,” said Holly Bohn, Chief Marketing Officer at Fortegra.

About Fortegra

The Fortegra Group, LLC is a global specialty insurer. Fortegra and its subsidiaries underwrite and administer a comprehensive and diverse set of admitted and surplus insurance products and warranty solutions across the United States and around the world. For over 40 years, Fortegra’s collaborative approach, experienced team, and innovative products have fueled consistent growth and increasing demand from both domestic and international partners. The Company holds an A.M. Best Financial Strength Rating of A- (Excellent). For more information on Fortegra, visit: https://www.fortegra.com/

About W.S. Badcock Corporation

Founded in 1904, W.S. Badcock Corporation is one of the largest privately-held home furnishings companies in the United States. Headquartered in Mulberry, Florida, its more than 380 corporate and associate dealer stores employ more than 2,500 employees in eight southeastern states. Its branded Badcock Home Furniture &more stores carry a complete line of furniture, appliances, bedding, electronics, home office furnishings, accessories, and seasonal items while offering easy in-house financing for its customers. The Company was named “2018 Retailer of the Year” by the National Home Furnishings Association.

Contacts

For Fortegra:
Holly Bohn Pittman
904.357.2122
press@fortegra.com

For Badcock Corporation:
Jennifer Grecsek
863-425-7545
Jennifer.grecsek@badcock.com

 

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