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Retail Expert Joseph Najar Joins Portfolio Sales Team

LAKE FOREST, Calif. – Portfolio, one of the nation’s leading reinsurance program managers for automotive dealers, has announced that Joseph F. Najar has taken a position as Reinsurance Specialist on the national sales team. The position requires working closely with dealer principals on business strategy and requires a thorough knowledge of all dealership operations. He ... Read More » The post Retail Expert Joseph Najar Joins Portfolio Sales Team appeared first on P&A Magazine.

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John Luckett Joins Portfolio as Managing Director

LAKE FOREST, Calif. – Portfolio, one of the nation’s leading reinsurance program managers for automotive dealers, announced this month that John Luckett has joined Portfolio as a Managing Director for sales and agent development. Mr. Luckett was formerly Senior Vice-President for Sales and Marketing at First Extended Service Corp. (FESC) and Resource Agent Group, divisions ... Read More »

CNA National Distributed More Than $41M to Dealers in 2017

SCOTTSDALE, Ariz. — CNA National Warranty Corp. (CNAN) returned more than $41 million to dealers across the United States last year through its various participation programs, bringing its inception-to-date total to more than $452 million. “This marks the third consecutive year that we have paid out more than $40 million to our dealers,” said CNAN ... Read More »

Canada's iA Financial Group Completes Acquisition of SouthwestRe, DAC

CNA National Welcomes New VP of Reinsurance

SCOTTSDALE, Ariz.—CNA National Warranty Corporation is pleased to announce that Rob Hehr has joined the company in the newly established position of vice president of reinsurance effective November 13. “With a wealth of experience in both the insurance and automotive industries, Rob has the expertise needed to effectively direct our reinsurance programs in support of ... Read More »

AmTrust Names Jackie Banks Vice President of Reinsurance for Special Risk Division

NEW YORK — AmTrust Financial Services Inc. today announced that Jackie Banks, an experienced F&I industry executive, has joined the company as vice president of reinsurance for its Special Risk division. She will be responsible for all aspects of reinsurance for the division, including sales support, training and development of staff, as well as general ... Read More »

National Auto Care names Steve Verney as Chief Financial Officer

WESTERVILLE, Ohio – National Auto Care today announced the appointment of Steve Verney as the company’s Chief Financial Officer, leading the finance, accounting and reinsurance teams. In this new role, he will work to help National Auto Care amplify its recent profitable growth and build an even stronger foundation for the next level of success. ... Read More »

Portfolio Named Endorsed Provider by Wyoming Auto Dealers

LAKE FOREST, Calif. – Portfolio one of the nation’s leading reinsurance program managers for automotive dealers, has entered into an agreement with the Wyoming Automobile Dealers Association (WADA) to bring reinsurance profit participation and retrospective commission programs to the association and its dealers who sell Portfolio F&I products. Former WADA President, Chuck Ruwart, who provided leadership ... Read More »

New Portfolio Edge Program Reinsures Service Drive Warranties

Lake Forest, Calif. – Portfolio, one of the nation’s leading reinsurance program managers for automotive dealers, has launched Portfolio Edge, a program to extend coverage on the manufacturer’s parts and labor warranties for repairs in dealership service drives, and then reinsure the extended coverage contracts to the dealer’s Affiliated Reinsurance Company. Portfolio Edge comes with ... Read More »

Turks and Caicos Regulator Engages Leading Reinsurance Industry Professionals

The Turks and Caicos Islands Financial Services Commission (“Commission”) met today with 20 leading reinsurance experts to elicit their views on proposed improvements to the Islands’ regulatory regime and explore how TCI may remain the domicile of choice of producer affiliated reinsurance companies. Turks and Caicos (“TCI”) regulates several thousand such companies, which pay tax ... Read More »