ME NewsWire / BusinessWire
NEW YORK - Thursday, September 5th 2013
Assurant, Inc. (NYSE: AIZ), a premier provider of specialty insurance
and insurance-related products and services, announces an agreement
to purchase Lifestyle Services Group, a mobile phone insurance
provider, for up to $160 million (GBP 107 million) in cash from
Phones 4u Finance plc.
With about $185 million (GBP 125 million) of annual revenue,
Lifestyle Services Group is a leading provider of mobile device
insurance in the United Kingdom. The company provides a broad array
of services through leading banks and retail mobile network operators
to more than 8 million customers. The acquisition of Lifestyle
Services Group will complement and broaden Assurant Solutions’
footprint in the mobile marketplace.
"Our acquisition of Lifestyle Services Group strengthens and expands
our global mobile presence, which
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