Retail warranty provider UK Warranty has extended its insurer network with the addition of Acasta Europe to their panel.
The partnership follows the firm’s commitment to extend its network of underwriting partners after shareholder Pacifica Group took 100% ownership, making them the largest repairer of white goods in the UK, the company adds.
UK Warranty managing director Neil Martin (pictured) said: “I’ve made a promise to ensure that UK Warranty provides retailers with wider choice and wider coverage, this relationship marks a significant milestone in the journey to delivering this.”
Acasta will play a key part in the company’s plans to invigorate the warranty space and offer manufacturers and retailers a more tailored warranty proposition in a market that has been dominated by ‘off the shelf’ solutions, UK Warranty says.
Acasta Europe managing director Keith Wardell commented: “We’re excited to work with UK Warranty having seen them go from strength to strength since their formation in 2011. The innovation they bring to the warranty space is refreshing, they are constantly seeking new ways to provide retailers and their customers with products fit for a new technological era – this fits well with our commitment to designing niche products for our clients.”
UK Warranty are anticipating the deal to reach £1 million premium within the next year and already have plans to enhance their Repair and Cover offering to include a Direct Debit option through Acasta, the provider adds.
More information on Acasta Europe and its services can be found at www.acastaeurope.co.uk.