Virginia Surety Announces Underwriting and Actuarial Services Agreement with Preferred Warranties

CHICAGO – Virginia Surety Company, Inc., a unit of The Warranty Group,

Inc., today announced an agreement with Preferred Warranties, Inc. (PWI), to provide

underwriting and actuarial services for their automotive and powersport extended service

“Virginia Surety Company selectively targets third-party administrators, and we are excited about our partnership with Preferred Warranties,” said Mike Frosch, Senior Vice President.

“PWI remains committed to protecting the dealer’s image by providing outstanding customer service, while we embrace change in other areas – like our increasing focus on helping dealers build a profitable F&I revenue source," said Wayne Herring, Sr., President/CEO. "This underwriting agreement is another positive development that positions us for continued growth. We believe that combining PWI's expertise in contract administration and sales consulting with the strength of an A‐ rated carrier like Virginia Surety Company, Inc., is a formula for success."

Both PWI and Virginia Surety maintain a strong focus on providing innovative customer solutions with industry‐leading service levels.