Generali US Branch launches specialty insurance division
Generali US Branch, the US arm of Generali Group, announced the launch of their new specialty insurance division which will focus on providing comprehensive warranty services and solutions.
The specialty insurance division will provide both insurance and obligor services for warranty programs worldwide via partnerships with a wide array of consumer retailers and dealers, third party administrators, and other consumer-facing entities. The division plans to provide warranty services for a wide range of 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 specialized offerings both in the US and internationally. 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. 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 organization to provide unique solutions to an evolving insurance and services marketplace.” – Jose Luis Menéndez, Executive Vice President and Chief Insurance Officer, Generali US Branch.