Monday, December 22nd, 2014

CHICAGO, IL -- (Marketwired) -- The Warranty Group, a leading global provider of warranty solutions and underwriting services, is proud to announce the addition of Manfred Schmoelz to the corporate executive leadership team. Mr. Schmoelz joins The Warranty Group as executive vice president of its Asia Pacific region. In this role, he will be responsible for managing overall business growth, client relationships and new business development for the company's business activities in Australia, China, India, Japan, Korea, and New Zealand.

"We're pleased that Manfred has joined our team," said Thomas W. Warsop III, president and CEO of The Warranty Group. "His extensive experience in and knowledge of the complex Asia Pacific market will enable The Warranty Group to strengthen our presence in the region through the offering of best-in-class extended warranties, reinsurance, and innovative new solutions."

Mr. Schmoelz brings more than 20 years' experience to his new role. His early career was spent in Munich, Germany as a relationship manager with Deutsche Bank. He then transferred his skills to Deutsche Bank in Asia where he managed most aspects of the banking experience, including a mixture of regional and country-level responsibilities, management of large sales organizations, regulatory affairs, and P&L responsibility. In 2011, Mr. Schmoelz left Deutsche Bank to serve as managing director and head of transaction services and global network banking in the Asia Pacific region for the Royal Bank of Scotland.

Overall, Mr. Schmoelz has extensive experience throughout the region having conducted business across Asia Pacific, particularly in China, India, Singapore, and Thailand. He begins his tenure with The Warranty Group effective today and will be based in the company's regional office located in Singapore.

About The Warranty Group: Celebrating 50 years of industry leadership, The Warranty Group is one of the world's premier global providers of warranty solutions and related benefits, with operations in more than 35 countries and 1,800 employees. With Virginia Surety Company and London General Insurance as our wholly-owned insurance companies, The Warranty Group is a single-source solution that provides underwriting, claims administration, and marketing expertise to some of the world's leading manufacturers, distributors, and retailers of consumer goods including automobiles, homes, consumer appliances, electronics, and furniture, as well as specialty insurance products and services for financial institutions. For more information, visit www.thewarrantygroup.com.

Contact:

Robert Bean

Vice President Marketing

[email protected]

+1.312.356.2510

Keywords

Warranty Group, warranty, insurance, underwriting, claims, manufacturer, consumer goods, financial

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