CHICAGO – Virginia Surety Company, Inc. (VSC), a subsidiary of The Warranty Group, Inc., has reached an agreement with The Penn Warranty Corporation to provide underwriting and actuarial support for its pre‐owned vehicle service contract program.

“Its robust offerings combined with Virginia Surety’s expertise in underwriting, customer acquisition and retention create a compelling alliance,” said Mike Frosch, senior vice president of VSC. "Both The Penn Warranty Corporation and its customers will benefit from this industry‐leading approach to value and brand loyalty."

“We are pleased to offer our customers underwriting solutions from an A‐rated provider in VSC,” said Jude Tuma, president and CEO of The Penn Warranty Corporation. “In addition, this agreement establishes a solid growth platform, from which we can extend our market presence, while maintaining our industry‐leading service contract plans and high level of customer satisfaction.”