ANV Group Holdings has completed its acquisition of Car Care Plan from AmTrust Financial Services, expanding its Credit & Protection business in the vehicle warranty market.
Car Care Plan is a UK-based warranty managing general agent focused on motor warranties, asset protection products and after-sales services.
Founded in 1976, the company works with more than 30 automotive manufacturers and over 2,500 dealers, serving customers in about 100 countries. Its operations cover product design, underwriting, claims handling, administration and customer support.
The transaction also includes Dent Wizard Ventures, a UK provider of mobile bodywork, paint and alloy wheel repair and refurbishment, as well as Car Care Plan subsidiaries in the US, Europe, Turkey and China.
ANV said the acquisition adds scale to its Credit & Protection platform and expands its presence in international vehicle warranty business.
Car Care Plan is a fantastic platform and an important addition to ANV’s Credit & Protection platform, bringing meaningful scale in the global vehicle warranty market.
Adam Karkowsky, chairman and CEO of ANV
Karkowsky said ANV plans to support Car Care Plan as the business enters its next stage under new ownership.
Car Care Plan CEO Ben Russell said completion of the transaction gives the company a base for further development after almost five decades in the warranty sector.
“We look forward to building on the business we’ve established over nearly five decades and continuing to serve our OEMs, dealers, and customers around the world,” Russell said.
Car Care Plan has built its business around long-term relationships with automotive manufacturers and dealers, supported by its warranty underwriting and servicing operations.
The addition of Dent Wizard Ventures broadens the acquired business beyond warranty administration into vehicle repair services. Its international subsidiaries also give ANV a wider operating footprint across several major automotive markets.
ANV operates as an independent insurance intermediary platform across the US, UK and Europe. Its portfolio consists of specialist MGAs serving several insurance segments.
The Car Care Plan acquisition adds a large vehicle warranty business to that portfolio and increases ANV’s exposure to insurance and protection products linked to automotive manufacturers and dealer networks.
