Generali launches new specialty insurance division in the US

The US arm of Italian insurer Generali Group has launched a new specialty insurance division focused on warranty services and solutions.

The new division will partner with retailers and dealers, third party administrators, and other consumer-facing entities to provide tailored warranty services for consumer products, including motor vehicles, watercraft, travel trailers, new homes, home systems, major appliances, televisions, consumer electronics, as well as computers and other peripherals.

"Our US Specialty Insurance Division is uniquely positioned to leverage Generali Group's 200 years of proven service and its vast network of over 400 companies in over 50 countries, to provide specialised offerings both in the US and internationally," said Jose Luis Menéndez, EVP and chief insurance officer, Generali US branch. "The backing of Generali Group, with more than €500 billion in assets, provides an incredibly deep and established platform for our new of warranty services and solutions."

Menéndez added: "Our warranty services line will also allow us to execute on the larger strategy of promoting B2B2C relationships and provide clients both in the US and abroad with a single-stop solution for both regular and extended warranties. And our warranty services line is only the beginning - we will continue to expand our Specialty Insurance Division, leveraging the depth and breadth of our global organisation to provide unique solutions to an evolving insurance and services marketplace."

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