Assurant Solutions

Assurant Solutions businesses develop, underwrite, market and administer specialty insurance, extended service contracts and other risk management solutions through collaborative relationships with leading financial institutions, retailers, automobile dealers, funeral homes, utilities and other entities. With operations in 25 locations, including executive offices in Atlanta, Ga., Assurant Solutions serves clients and their customers in 13 countries throughout North America, the Caribbean, Latin America, Europe and Asia.

Serving Underserved Consumers

Assurant Solutions businesses provide consumer protection and personal property insurance programs through strategic partnerships with various entities, many of which provide consumer financing as part of their business. Their primary market is the millions of uninsured consumers who are typically underserved by the insurance industry.

Products and Services

Assurant Solutions' broad array of product offerings includes:

• Debt protection administration
• Credit life, disability and unemployment insurance
• Warranties and extended service contracts for computers, home appliances, consumer electronics, and more
• Preneed life insurance

Competitive Strengths

Through its alignment with industry leaders, Assurant Solutions has established market leadership positions in debt protection administration, credit insurance and extended service contracts. In the United States, it has distribution relationships with five of the ten largest general purpose credit card issuers (based on outstanding credit balances) and five of the ten largest consumer electronics and appliance retailers (based on combined product sales).

Company Ratings

A.M. Best Co.*

A.M. Best is North America's most widely recognized insurance rating service. Its ratings are based on financial strength and operating performance. Current ratings for Assurant Solutions companies:

"A" (Excellent):
American Bankers Insurance Company of Florida
American Bankers Life Assurance Company of Florida
American Memorial Life Insurance Company
American Security Insurance Company
Caribbean American Life Assurance Company

"A-" (Excellent):
American Reliable Insurance Company
Caribbean American Property Insurance Company
Voyager Indemnity Insurance Company
Voyager Property and Casualty Insurance Company
Assurant Life of Canada

Moody’s Financial Strength Rating**

“A3” (Good):
American Bankers Insurance Company of Florida
American Security Insurance Company

Standard & Poor’s**

“A-“ (Strong):
American Bankers Insurance Company of Florida
American Security Insurance Company

* Affirmed July 2007. A.M. Best Co. ratings range from A++ to F. The A.M. Best Co. neither endorses nor is affiliated with the insurance companies indicated.
** Issued in January 2007

Additional Company Information

The business now known as Assurant Solutions began with the acquisition of American Security Group in 1980 by AMEV Holdings, Inc. which later became Fortis, Inc. In August 1999, Fortis, Inc. acquired American Bankers Insurance Group, Miami, Florida, and merged its operations with those of American Security Group, forming Assurant Group. The business was renamed Assurant Solutions in February 2004 after Fortis spun off its U.S. insurance operations through an initial public offering. Fortis, Inc. was re-named Assurant, Inc. The businesses that now make up Assurant Solutions have more than 120 years of combined experience in the specialty insurance industry.

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