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Assurant Solutions Signs Agreement with Tourneau to Offer Enhanced Watch Protection Plan
ATLANTA, GEORGIA - October 6, 2008 - Assurant Solutions, a leading global provider of extended service contracts, today announced it will provide an enhanced watch protection plan to Tourneau, the world’s largest watch store, as recognized by Guinness World Records.
Assurant Solutions affiliates will market, administer and underwrite the plans. Tourneau, which has the largest factory-authorized independent service center in the United States, will provide repair service through its U.S. network of 44 Tourneau, Watch Gear and Tourneau Outlet stores.
Assurant Solutions, part of Assurant, Inc. (NYSE:AIZ), provides service plans through more than 10,000 retail stores in the United States. Its service plans cover a variety of products, including consumer electronics, appliances, computers, motor vehicles, jewelry and watches, furniture, lawn and garden equipment, fitness equipment, and home networks.
“Tourneau is a brand with over 100 years of history and experience, and consumers rely on us to provide them with the best services available, which include our warranty coverage plans,” said Andy Arluck, Tourneau’s vice president of customer service. “Assurant sets a new standard of professionalism and presentation exhibited through Strategic Performance Management. With this standard, Tourneau is now able to offer its consumers unprecedented watch protection coverage programs that will enable us to achieve continued success and position us for further growth.”
Keith Meier, senior vice president and general manager of the Assurant Solutions extended service business, said, “We are very pleased to have the opportunity to provide Tourneau and, in turn, their customers, with the highest caliber watch protection plans. We launched this program along with Strategic Performance Management (SPM), a sales strategy customized for Tourneau. The SPM approach enables us to consistently exceed our clients’ expectations. Our new relationship with Tourneau has set the foundation for growth, and we are both equally driven to provide the highest level of quality service to our customers.”
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About Tourneau
Established in 1900, Tourneau is the preeminent source for new and pre-owned watches in the United States. It distributes and retails over 100 well-known brands, in more than 8,000 unique styles. A respected watch and jewelry retailer, Tourneau is recognized in the Guinness World Records as the largest watch store in the world. In each of its thirty plus stores within its shopping center, Tourneau is typically among the top specialty store performers in sales per square foot, a distinction that applies not only to the watch and jewelry categories, but encompasses all retail categories as a whole. Visit www.tourneau.com.
About Assurant Solutions
Assurant Solutions businesses develop, underwrite, market and administer specialty insurance, extended service contracts and other risk management solutions through collaborative relationships with leading financial institutions, retailers, automobile dealers, funeral homes, utilities and other entities. With operations in 24 cities, including executive offices in Atlanta, Ga., Assurant Solutions serves clients and their customers in 13 countries throughout North America, the Caribbean, Latin America, Europe and Asia. www.assurantsolutions.com
Assurant Solutions is part of Assurant, a premier provider of specialized insurance products and related services in North American and selected international markets. Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has over $26 billion in assets and $8 billion in annual revenue. www.assurant.com
Media Contact:
James A. Sykes
Director, External Communications
James A. Sykes
Tel. 770.763.1015
Email: james.sykes@assurant.com