Chartis Acquires 3rd-Party Admin Service Net
By Alan Wolf On Feb 13 2012 - 6:01am
NEW YORK –
Consolidation within the warranty industry
continued this month with the acquisition of
third-party administrator Service Net by leading underwriter
Financial terms were not disclosed.
The move makes Chartis an end-to-end player in the
extended-warranty business while providing Service
Net with the financial backing of the global insurance
Service Net is being integrated into Chartis’ U.S.
warranty division, which currently services more than
75 million active contracts.