The Warranty Group, one of the world’s premier global providers of warranty solutions and related benefits, has hired Michael McDonald as Vice President of Business Development.
McDonald will be responsible for increasing The Warranty Group’s market share and will continue to establish The Warranty Group as the single best resource for warranty, insurance, and administrative offerings. This includes increasing penetration with the financial services industry, Rewards and Loyalty markets, Membership or Affinity Groups, Travel Protection Industry, and Insure Tech spaces.
McDonald has a proven track record of enhancing credit card portfolios with value added products. Prior to joining The Warranty Group, he was Senior Vice President of Wells Fargo Card Services with responsibility for Rewards and Enhanced Services. He played a key role in developing Wells Fargo’s Corporate Privacy and Solicitation Policies, organically grew the Credit Card portfolio, and created Wells Fargo’s Private Labeled Identity Theft Protection product.
McDonald has also served as the VP of New Business Development for Broadspire’s Affinity Insurance Services where he increased operational efficiency by 200 percent and more than tripled the business in three years. Broadspire, a Crawford & Company subsidiary, is one of the largest claims administrators in the world.