The Warranty Group Makes Equity Investment in NUA
CHICAGO - The Warranty Group completed an equity investment in National Underwriting Agencies Pty Ltd (NUA).Based in Brisbane, Australia and established in 1999, NUA is owned by Alan Brewis and Noel Johns. NUA are long standing Lloyds Coverholders and have developed an extensive range of niche personal insurance products.
Amongst the products NUA currently provide are: consumer credit insurance, event ticket insurance, accidental damage insurance for various consumer products such as mobile phones and eyeglasses; and lifestyle protection products including accidental injury, trauma and involuntary unemployment programs. NUA's major clients include OPSM, ANZ Bank, Sydney Opera House, Showbiz International and various ticketing agencies.
"Partnering with NUA provides us with new products and clientele that will expand The Warranty Group's global leadership position," said Mike Frosch, president and chief operating officer at The Warranty Group. "We look forward to working with the NUA team, while introducing their unique portfolio of products into the U.S. market."
"We are excited by the prospect of partnering with The Warranty Group to further enhance our market penetration for innovative, customer-focused insurance products utilizing our Lloyds relationships," said Alan Brewis, director of NUA.
More Industry

Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
Read More →
War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
Read More →
Bridge the Maintenance Gap
With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.
Read More →
California Store Has New Owner
The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
Read More →
BMW Plant Pursues Cleaner Energy
BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.
Read More →
Auto Affordability Inches Up
The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.
Read More →
Ohio Auto Group Under New Ownership
After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.
Read More →
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →