Ciocca Automotive Partners with Assurant for Vehicle Protection Products
Deal News | May 29, 2025 | Assurant Investment Management
Assurant, Inc., a global protection company specializing in safeguarding connected devices, homes, and automobiles, has announced a strategic partnership with Ciocca Automotive. The collaboration allows Ciocca's 54 dealerships across New Jersey and Pennsylvania to offer Assurant's range of vehicle protection products. This partnership not only encompasses the Assurant Vehicle Care line but also includes a comprehensive support structure for dealership operations. Assurant provides in-dealership training, comprehensive compliance support, and the establishment of wealth-building structures for Ciocca Automotive. The partnership has already shown positive results, as stated by Ciocca's leadership, with increased Per Vehicle Retail (PVR) figures. Assurant's role extends beyond vehicle protection, offering strategic consultative support to fuel Ciocca's growth plans. Joe Amendola from Assurant highlighted Ciocca's customer-centric growth mindset, foreseeing a fruitful partnership that boosts customer satisfaction through enhanced protection and operational efficiencies.
Sectors
- Automotive
- Insurance
Geography
- United States – Both Assurant and Ciocca Automotive are based and operate in the United States, particularly focusing on regions like New Jersey and Pennsylvania.
Industry
- Automotive – Both Assurant and Ciocca Automotive operate in the automotive sector, focusing on vehicle protection and dealership operations respectively.
- Insurance – Assurant provides vehicle protection products, a form of insurance product aimed at safeguarding vehicle investments.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Assurant, Inc. | Partner | Company | A Fortune 500 global protection company providing vehicle protection and other safeguarding products. |
Ciocca Automotive | Partner | Company | A growing automotive group with 54 dealerships across New Jersey and Pennsylvania. |
Joe Amendola | VP Business Development & Strategy, Assurant Dealer Services | Person | Represents Assurant in its partnership with Ciocca Automotive. |
Mark Harrold | CEO, Ciocca Automotive | Person | Oversees Ciocca Automotive's operations and strategic partnerships. |
Christopher Sechrist | President, Ciocca Automotive | Person | Responsible for the operational leadership of Ciocca Automotive. |