News Room

January 30, 2008

Assurant Solutions and MortgageLine announce partnership to offer customers new deal on MPPI

Assurant Solutions, a specialist in creating, underwriting and administering creditor insurance products, has partnered with MortgageLine, a provider of independent mortgage advice to the Irish Market, to offer Irish customers Mortgage Payment Protection Insurance (MPPI) that is tailored to their needs.

With the Assurant Solutions mortgage payment protection plan, the consumer will be able to decide if they want to take involuntary unemployment cover only, or accident and sickness cover or both options available – accident, sickness and involuntary unemployment.

Robert McCarthy, Business Development Manager, Assurant Solutions said: “We are delighted to announce this partnership with MortgageLine, which will offer much greater flexibility to borrowers, while providing them with the sense of security they need before making one of the most important decisions of their lives. We have found that traditional, one-size-fits-all MPPI is no longer suited to the typical borrower’s needs. Therefore, our products have been developed with today’s customers in mind, providing insurance cover that can be adapted to their individual needs and budgets.”

Stephen Hamilton, Managing Director of MortgageLine, added: “We believe that the Assurant Solutions product offers our customers the greatest flexibility and choice when planning for their future. We are delighted with this partnership, and we look forward to working with Assurant to continue to offer our customers more choice, and better value for money”.

All administration of the Assurant Solutions/MortgageLine partnership, including the processing of claims, will be handled by Assurant Solutions Ireland Limited, based in Cork.

Assurant Solutions specialises in creating insurance products including payment protection insurance, warranty and service contracts, and credit card price and purchase protection. The business works with financial institutions, intermediaries, brokers and high street and home shopping retailers to design, develop, underwrite, administer and market these niche insurance lines.

-Ends-

For further information, please contact

John McGuirk, Bracken Public Relations
Tel: 01 677 3277 / 086 858 2351

Sarah Blunden, Bracken Public Relations
Tel: 01 677 3277 / 087 328 0835

NOTES TO EDITORS

Assurant Solutions

Assurant Solutions is part of Assurant, a premier provider of specialised insurance products and related services in North America and selected other markets. Assurant is traded on the New York Stock Exchange under the symbol AIZ and has over $US25 billion in assets and $US7 billion in annual revenue. Assurant Solutions businesses develop, underwrite and market niche insurance, extended service contracts and other risk management solutions in collaborative relationships with leading financial institutions, retailers, and automobile dealers, utilities and other entities. Principal lines of business include debt protection administration, credit insurance, warranties and extended service contracts on appliances, consumer electronics, automobiles, recreational vehicles and boats. They serve clients and their customers throughout North America, the Caribbean and selected countries in Latin America and Europe, including the United Kingdom, Ireland, Denmark, Germany, Italy and Spain. Visit www.assurantsolutions.co.uk

Assurant Services Ireland Limited

Assurant Services Ireland Limited is an Assurant Solutions company and has been based in Cork since 1999. The company delivers operations support services to other Assurant Solutions companies, including life, disability and involuntary unemployment claims assistance for creditor insurance and debt protection programmes.Visit www.assurantsolutions.ie

MortgageLine

MortgageLine is a Mortgage Brokerage based at Temple bar in Dublin. The company provides Independent Mortgage Advice to the Irish Market. Making use of the latest technology, MortgageLine takes pride in getting all its customers the best possible mortgage for their individual circumstances. Visit www.mortgageline.ie