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Assurant extends car warranty partnership with RAC to 2029


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Assurant has extended its used car warranty partnership with the RAC to provide protection cover for RAC Dealer Network customers until 2029.
The deal covers RAC-branded automotive warranty and aftersales products, delivered and supported by Assurant, that are available across the network of more than 1,300 members, including extended warranty, EV One – cover for electric and hybrid vehicles, cosmetic insurance, service plans and a digital marketing pack.
The agreement marks an early extension, as the current contract was set to end in 2024. As a result, Assurant will continue to provide its expertise in automotive protection and warranty products to the RAC Dealer Network for a further five years. ....

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AM Best Affirms Credit Ratings of Virginia Surety Seguros de Mxico, S.A. de C.V.


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AM Best has affirmed the Financial Strength Rating of A-(Excellent), the Long-Term Issuer Credit Rating of “a-” and the Mexico National Scale Rating of “aaa.MX” of Virginia Surety Seguros de México S.A. de C.V. (VSSM) (Mexico City, Mexico). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect VSSM’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The ratings also reflect the company’s balance sheet strength assessed at a strong level since it began operations in Mexico. The ratings of VSSM also factor its recent affiliation and strategic importance to ....

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