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Assurant Purchases Operating System Developer Recfin

Assurant Solutions, a provider of third-party administration services, specialty insurance, and extended service contracts, has acquired Recreational Finance, LLC (recfin), a developer of Web-based

By Staff Writer | Updated on January 04, 2006

Assurant Solutions, a provider of third-party administration services, specialty insurance, and extended service contracts, has acquired Recreational Finance, LLC (recfin), a developer of Web-based finance and insurance (F&I) operating systems for the recreational vehicle market in North America.Recreational Finance becomes part of Assurant’s affiliate United Services Protection Corp., a provider of vehicle service contracts and related services to the Assurant Solutions Automotive and Recreational Vehicle Services (ARVS) business. The acquisition includes rights to the recfin.net dealership F&I operating system, recfin F&I training services, the recfin.com operating system, and a dealer management system.”Uniting recfin’s delivery platforms with our vehicle service and insurance programs enables us to offer a virtual F&I office to dealers,” says Mike Anderson, senior vice president and head of Assurant’s ARVS business. “This joining of forces brings the recreational market the latest in online communication, training, products, menu selling, forms generation, automatic product rating, and best practices, all in a consolidated Web-based package.”Recfin will continue to maintain offices in Nixa, Mo., where it has 25 employees. President and founder Dennis Hamilton will continue to head the new Assurant Solutions division and join Assurant as a vice president of United Services Protection.

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