{"id":1017811,"date":"2026-11-05T11:49:50","date_gmt":"2026-11-05T16:49:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/assurant-acquires-protection-point-expanding-commercial-equipment-capabilities-in-canada\/"},"modified":"2026-11-05T11:49:50","modified_gmt":"2026-11-05T16:49:50","slug":"assurant-acquires-protection-point-expanding-commercial-equipment-capabilities-in-canada","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/assurant-acquires-protection-point-expanding-commercial-equipment-capabilities-in-canada\/","title":{"rendered":"Assurant Acquires Protection Point, Expanding Commercial Equipment Capabilities in Canada"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Assurant Acquires Protection Point, Expanding Commercial Equipment Capabilities in Canada<\/b><\/p>\n<p class=\"bwalignc\"><i>Acquisition adds scale, specialized expertise and distribution capabilities to support continued growth in Canada\u2019s commercial equipment protection market<\/i><\/p>\n<p>TORONTO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAssurant, Inc. (NYSE: AIZ), a global company that redefines the boundaries of protection \u2013 safeguarding and servicing connected devices, homes, automobiles, and commercial equipment in partnership with the world\u2019s leading brands, today announced that it has acquired Protection Point Service Plans Inc. (PPSP), a Canadian provider and administrator of protection programs for commercial equipment.<\/p>\n<p>\nBased in British Columbia, Protection Point specializes in extended service plans and related protection solutions for commercial equipment across industries including agriculture, construction, material handling and forestry.<\/p>\n<p>\nThe acquisition builds on a longstanding relationship, as Protection Point already operates exclusively in support of Assurant\u2019s commercial equipment business in Canada, with Assurant underwriting its protection programs. By bringing Protection Point into Assurant, the company will strengthen its ability to directly manage distribution, dealer relationships and licensed insurance capabilities in Canada, while creating additional opportunities to expand its Commercial Equipment business.<\/p>\n<p>\n\u201cProtection Point has been an important partner to Assurant for many years, and bringing the business into Assurant is a natural next step in our relationship,\u201d <b>said Paul Cosgrove, President, Assurant Canada<\/b>. \u201cThe business has built strong relationships and deep expertise in Canada\u2019s commercial equipment market, while delivering impressive growth. Combining those capabilities with Assurant\u2019s scale, underwriting expertise and broader protection platform positions us well to accelerate our growth in this market and deliver even greater value to our clients and their customers.\u201d<\/p>\n<p>\nThe acquisition further strengthens Assurant\u2019s Commercial Equipment capabilities in Canada and complements its established commercial equipment business in the United States.<\/p>\n<p>\n\u201cOur longstanding partnership with Assurant reflects a shared commitment to our dealers and customers,\u201d <b>said Ian Young, former President, <\/b>Protection Point. \u201cJoining Assurant builds on that foundation, bringing together our team\u2019s commercial equipment expertise and relationships in Canada with Assurant\u2019s capabilities and investment in commercial equipment protection.\u201d<\/p>\n<p>\nProtection Point provides end-to-end support across the commercial equipment protection lifecycle, including dealer engagement and onboarding, sales and training, customer support, claims intake and administration, enrollment processing, contract administration, and premium and remittance management.<\/p>\n<p>\n\u201cCommercial equipment represents an opportunity to build on the capabilities Assurant has developed globally, and Canada is a market where we can extend that expertise,\u201d said <b>Federico Bunge, President, International at Assurant<\/b>. \u201cProtection Point brings specialized market knowledge, established dealer and manufacturer relationships and a proven sales capability. Together, these complementary strengths will enhance how we serve customers and dealers.\u201d<\/p>\n<p><b>About Assurant<br \/>\n<br \/><\/b>Assurant, Inc. (NYSE: AIZ) redefines the boundaries of protection \u2013 safeguarding and servicing connected devices, homes, automobiles, and commercial equipment in partnership with the world\u2019s leading brands. As a Fortune 500 company operating in 21 countries, Assurant leads the way in leveraging insights and technology to transform customer connections that build loyalty and drive value.<\/p>\n<p>\nLearn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.assurant.ca%2F&amp;esheet=54635913&amp;newsitemid=20261105628880&amp;lan=en-US&amp;anchor=assurant.ca&amp;index=1&amp;md5=3ca2c1ce635d807fccc68a35307ee231\">assurant.ca<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261105628880r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261105628880\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261105628880\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact:<br \/>\n<\/b><br \/>Neeti Dhawan<br \/>\n<br \/>Director, International Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:neeti.dhawan@assurant.com\">neeti.dhawan@assurant.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Machinery Professional Services Consumer Electronics Other Construction &amp; Property General Automotive Technology Agriculture Automotive Natural Resources Construction &amp; Property Insurance Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261105628880\/en\/486492\/3\/AIZ-Assurant_logo_Corporate.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Assurant Acquires Protection Point, Expanding Commercial Equipment Capabilities in Canada Acquisition adds scale, specialized expertise and distribution capabilities to support continued growth in Canada\u2019s commercial equipment protection market TORONTO&#8211;(BUSINESS WIRE)&#8211; Assurant, Inc. (NYSE: AIZ), a global company that redefines the boundaries of protection \u2013 safeguarding and servicing connected devices, homes, automobiles, and commercial equipment in partnership with the world\u2019s leading brands, today announced that it has acquired Protection Point Service Plans Inc. (PPSP), a Canadian provider and administrator of protection programs for commercial equipment. Based in British Columbia, Protection Point specializes in extended service plans and related protection solutions for commercial equipment across industries including agriculture, construction, material handling and forestry. The acquisition builds on a longstanding relationship, as Protection &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/assurant-acquires-protection-point-expanding-commercial-equipment-capabilities-in-canada\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Assurant Acquires Protection Point, Expanding Commercial Equipment Capabilities in Canada&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1017811","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Assurant Acquires Protection Point, Expanding Commercial Equipment Capabilities in Canada - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/assurant-acquires-protection-point-expanding-commercial-equipment-capabilities-in-canada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Assurant Acquires Protection Point, Expanding Commercial Equipment Capabilities in Canada - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Assurant Acquires Protection Point, Expanding Commercial Equipment Capabilities in Canada Acquisition adds scale, specialized expertise and distribution capabilities to support continued growth in Canada\u2019s commercial equipment protection market TORONTO&#8211;(BUSINESS WIRE)&#8211; Assurant, Inc. (NYSE: AIZ), a global company that redefines the boundaries of protection \u2013 safeguarding and servicing connected devices, homes, automobiles, and commercial equipment in partnership with the world\u2019s leading brands, today announced that it has acquired Protection Point Service Plans Inc. (PPSP), a Canadian provider and administrator of protection programs for commercial equipment. Based in British Columbia, Protection Point specializes in extended service plans and related protection solutions for commercial equipment across industries including agriculture, construction, material handling and forestry. 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