Schaumburg, IL—The Finance and Insurance (F&I) industry mourns the loss of Al Ranieri, Founder and Chairman of the Board of American Auto Guardian, Inc. (“AAGI”). Mr. Ranieri, who guided the company to its current leadership position, passed away on April 29, 2014.

“We have lost an industry pioneer, and our cornerstone who supports our hearts and spirits. But we will always ensure that Al’s firm belief in honesty, integrity and fairness remains alive at the core of our business,” says Tim Brugh, AAGI President.

A CPA and CPCU, Mr. Ranieri founded AAGI in 1997. His aim was to set a higher standard for the administration of vehicle service contracts and ancillary F&I products. His unwavering commitment to conducting business in an honest, ethical manner and mission to deliver superior products and personalized service continue to distinguish AAGI today. Prior to founding AAGI, Mr. Ranieri was a Chief Executive Officer and Chief Financial Officer at several insurance companies, and held more than 30 years of insurance expertise.

Mr. Ranieri is survived by his wife, two daughters and four grandchildren. Visitation will be held on Saturday, May 3 from 9:00am-1:00pm, followed by a 1:00pm service, at Ahlghrim Family Funeral Services, 415 S. Buesching Road, Lake Zurich, IL. In lieu of flowers, the family requests donations to the Michael J. Fox Foundation at michaeljfox.org.

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