Assurant completed the acquisition of American Financial & Automotive Services, for $158m.

Assurant, a global provider of lifestyle and housing solutions, completed the acquisition of American Financial & Automotive Services, a provider of auto finance and insurance products and services, including vehicle service contracts, guaranteed asset protection insurance, and other ancillary products, for $158m. "Following our acquisition of The Warranty Group, our agreement to acquire AFAS further underscores our confidence in the long-term growth potential of the global automotive market. Having Arden and his team join Assurant gives us the benefit of their years of experience and expertise, which we will count on as we continue to grow the business together," John Laudenslager, Assurant Global Automotive President.