-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FeUslYRXyhDRz6YeH3FooC6ZQh8cYqXzV9ICDTTqY7tWqTD7o4XmVnPKKMVxnVsA o5hhB3CSc9TXpsSEFr0KFA== 0001181431-08-045140.txt : 20080731 0001181431-08-045140.hdr.sgml : 20080731 20080731062740 ACCESSION NUMBER: 0001181431-08-045140 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080731 ITEM INFORMATION: Other Events FILED AS OF DATE: 20080731 DATE AS OF CHANGE: 20080731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASSURANT INC CENTRAL INDEX KEY: 0001267238 STANDARD INDUSTRIAL CLASSIFICATION: ACCIDENT & HEALTH INSURANCE [6321] IRS NUMBER: 391126612 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31978 FILM NUMBER: 08980369 MAIL ADDRESS: STREET 1: ONE CHASE MANHATTAN PLAZA CITY: NEW YORK STATE: NY ZIP: 10005 8-K 1 rrd211864.htm PRESS RELEASE DATED JULY 31, 2008 Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 8-K
 
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  07/31/2008
 
Assurant, Inc.
(Exact name of registrant as specified in its charter)
 
Commission File Number:  001-31978
 
DE
  
39-1126612
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
One Chase Manhattan Plaza, 41st Floor
New York, New York 10005
(Address of principal executive offices, including zip code)
 
(212) 859-7000
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
Item 8.01.    Other Events
 
On July 31, 2008, Assurant, Inc. announced that it has entered into an agreement to acquire Signal Holdings LLC. Attached hereto as Exhibit 99.1 and incorporated by reference herein, is the press release issued today regarding this acquisition.
 

 

Signature(s)
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
     
 
Assurant, Inc.
 
 
Date: July 31, 2008
     
By:
 
/s/    Raj B. Dave

               
Raj B. Dave
               
Vice President
 
 


 

Exhibit Index
 
Exhibit No.

  
Description

EX-99.1
  
Press Release dated July 31, 2008
EX-99.1 2 rrd211864_25285.htm PRESS RELEASE DATED JULY 31, 2008 Assurant, Inc

[ASSURANT, INC. LOGO INTENTIONALLY OMITTED]

 

Assurant Strengthens Position in Wireless Service Contract Market by Acquiring Wireless Handset Service Provider Signal Holdings

NEW YORK/WAYNE, PA, July 31-- Assurant, Inc. (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announced today that it has entered into an agreement with Signal Holdings LLC, a leading provider of wireless handset protection programs and repair services, to acquire the company's outstanding capital stock for $250 million in an all cash transaction from Trident II, L.P. and Signal Holdings' management. Trident II is a private equity fund managed by Stone Point Capital LLC. The transaction, which is subject to regulatory approval, is expected to close in the fourth quarter of 2008.

Signal Holdings, a privately held company headquartered in Wayne, Pa., generates annual revenues of approximately $330 million through servicing service contracts for 4.2 million wireless subscribers. Signal has longstanding relationships with leading wireless carriers and employs approximately 700 people in four locations.

Assurant Solutions and Signal have been business partners since 2001. Assurant has provided the underwriting and marketing support with Signal providing the servicing capability for their shared client base. As a result, Assurant expects that its acquisition of Signal will not change reported gross written premiums, but will add approximately $150 million to Assurant Solutions revenue.

Robert B. Pollock, Assurant's president and chief executive officer said: "Assurant continues to target opportunities which we believe offer long term growth opportunities to our shareholders, and this acquisition improves our position in the service contract market for wireless handsets. Success of this deal will be measured by our ability to increase our market position in this growing market. The deal should be accretive to earnings beginning in 2010 after we have completed the integration of Signal into Assurant Solutions."

S. Craig Lemasters, president and chief executive officer of Assurant Solutions said: "This transaction expands Assurant Solutions' client portfolio and servicing capabilities in the wireless marketplace. In addition, we add an experienced management team and an outstanding customer service organization to Assurant Solutions, which is consistent with our goal of providing a total solution to our clients by integrating all aspects of the customer experience.

Tom Cloetingh, president and chief executive officer of Signal Holdings said: "Assurant Solutions has been a great partner for nearly eight years, and we are looking forward to becoming part of the company. Assurant brings scale to the business, in terms of product innovation, marketing expertise and financial stability. That's essential to growing and establishing new client relationships in the wireless industry."

About Signal Holdings

Signal Holdings of Wayne, Pa. is a leading provider of wireless handset insurance, logistics, repair and asset recovery services. Its clients include leading companies in wireless communications. The 24-year-old company provides end-to-end service wireless handset protection programs, including insurance, extended service contracts, customer care, forward and reverse logistics, handset repair, asset recovery and wireless technical support.

Signal Holdings is led by Tom Cloetingh, president and chief executive officer, and his brother, Steve Cloetingh, executive vice president, who together founded the company in 1984. The three primary operating companies are The Signal LP, a licensed insurance agency; CWork Solutions LP, which handles logistics and repairs, and Telecom Re, a Bermuda reinsurance company. The company owns and operates call centers in Albany, Ore., and Wayne, Pa., and a logistics and repair facility in York, Pa.

About Assurant and Assurant Solutions

Assurant is a premier provider of specialized insurance products and related services in North America and selected international markets. Its four key businesses - Assurant Employee Benefits, Assurant Health, Assurant Solutions and Assurant Specialty Property - have partnered with clients who are leaders in their industries and have built leadership positions in a number of specialty insurance market segments worldwide.

Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has more than $26 billion in assets and $8 billion in annual revenue. The Assurant Web site is www.assurant.com.

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 24 cities, 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. www.assurantsolutions.com

 

Press Contacts:
James A. Sykes
Director, External Communications
Assurant Solutions
Phone: 770.763.1015
Fax: 770.859.4325
james.sykes@assurant.com

Investor Relations:
Melissa Kivett
Senior Vice President
Investor Relations
Phone: 212.859.7029
Fax: 212.859.5893
melissa.kivett@assurant.com

John Egan
Vice President
Investor Relations
Phone: 212.859.7197
Fax: 212.859.5893
john.egan@assurant.com

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