NCFC Expert to Join Reinsurance Symposium at Agent Summit
LAS VEGAS — Steve Barrett, executive vice president of Resource Automotive Inc., a subsidiary of The Warranty Group Inc., and a licensed CPA and securities principal, will deliver a presentation focused on the formation of non-controlled foreign corporations (NCFCs) at the Participation & Reinsurance Symposium that will precede this year’s Agent Summit 2013.
David Gesualdo, show chair and publisher of F&I and Showroom magazine, said Barrett was an easy choice. “Steve is known throughout the segment for his expertise in creating and managing reinsurance entities for dealers. The information he shares at the symposium will undoubtedly prove invaluable to the agents in attendance.”
For his part, Barrett said his goal will be to “lower the level of abstraction” about how reinsurance works to benefit both sides of the dealer/product provider relationship. “Resource has always strongly advocated financial partnerships as a way of cementing business relationships with its dealer clients,” he said. “Participation, specifically reinsurance in its various forms, has long been the cornerstone of those partnerships. It’s been our experience that when all parties have a vested interest in the performance of the various F&I products offered at the dealership, that performance tends to be exponentially better.”
The Participation & Reinsurance Symposium will be held from 1 p.m. to 5 p.m. on Monday, March 4, before the opening-night keynote and reception for Agent Summit. Barrett will take the stage at 3:15 p.m.
Agent Summit 2013 is scheduled for March 4–6, 2013, at Caesars Palace in Las Vegas and is expected to draw hundreds of the nation’s top general agents. For information about exhibition and sponsorship opportunities, contact David Gesualdo via email
or call (727) 947-4027.
More Industry

Kia Closes Out Summer With a Bang
Its U.S. subsidiary broke multiple records in August, in part due to a surge of demand for hybrids models.
Read More →
Indiana Dealership Changes Hands
A 30-year-old Ford dealership in Indiana has a new owner and will soon be undergoing renovations to meet manufacturer requirements.
Read More →
Texas Dealership No Longer in the Family
The Ford store, a longtime cornerstone of the Houston market, is now part of one of the fastest-growing U.S. auto groups.
Read More →
Genesis Grows California Presence
The Cardinale Automotive Group opened its third Genesis rooftop in the Golden State, Genesis of San Bruno, a stand-alone dealership serving the San Francisco Bay Area.
Read More →
August Auto Sales a Mixed Bag
An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.
Read More →
EV Market Humming Along
July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.
Read More →
Auto Loan Delinquency Rates Stabilize
Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.
Read More →
EV Sales Recover in Q2
The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.
Read More →
The Cheapest Hybrids to Fuel
The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.
Read More →
Hybrids and SUVs Gaining Ground
The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.
Read More →