JACKSONVILLE, Fla.--(BUSINESS WIRE)--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.
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/.
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.