AMT Warranty Corp.
announced last week that it has purchased the remaining 73 percent of
Warrantech Corp., bringing its interest in the company to 100 percent.
AMT
is a subsidiary of AmTrust Financial Services, Inc.
“We
are excited about the additional revenue opportunities and diversification that
the Warrantech transaction provides,” AmTrust Financial Services, Inc.
President and CEO Barry Zyskind said as part of the announcement. “By bringing
together these two robust warranty administration platforms, we expect to
significantly increase our fee income and benefit from enhanced scale and
technology efficiencies while further strengthening AmTrust’s market presence
and premium opportunities in the warranty space.
For more consumer tips and
information regarding extended warranties and vehicle service contracts, be
sure to visit: https://about.me/amtservicecorp
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