One Chase Manhattan Plaza
New York, NY 10005
CEO: Robert Pollock
Assurant, Inc. is a provider of specialty insurance products in the U.S. and select worldwide markets. Assurant partners with industry market leaders to deliver security and peace of mind for our customers.
The company operates its business through four business segments: Assurant Employee Benefits, Assurant Health, Assurant Solutions and Assurant Specialty Property.
.Assurant businesses provide mobile device protection; debt protection administration; credit-related insurance; warranties and service contracts; pre-funded funeral insurance; solar project insurance; lender-placed homeowners insurance; renters insurance and related products; manufactured housing homeowners insurance; individual health and small employer group health insurance; group dental insurance; group disability insurance; and group life insurance.
In 2013, Assurant reported revenues of $9.0 billion and net income of $488.9 million.
Headquartered in New York City’s financial district, Assurant operates in 12 countries with approximately 14,500 employees worldwide.
The company had assets of over $29.7 billion at the end of 2013.
The company originated in 1977 when N.V.
AMEV of the Netherlands made its first acquisition in the U.S.,
Time Insurance Company (now Assurant Health), via the U.S. holding
company AMEV Holdings, Inc.
In 1984, the acquisition of Western Life
creates the Fortis Financial Group. In 1991, AMEV Holdings is
renamed Fortis, Inc.
In 1994, American Bankers Insurance Group
in Miami, FL, one of the two leading U.S. credit-related insurers,
is acquired. American Bankers is combined with American Security
Group to form Assurant Group (now Assurant Solutions).
In 2003, Fortis announces its intention
to sell Fortis, Inc. via an initial public offering. Fortis,
Inc. begins process of becoming Assurant -- a publicly traded
Assurant is born in 2004 when Fortis, Inc.
completes its initial public offering process and begins to trade
on the New York Stock Exchange.
Assurant provides Medical, Dental, Life
and Disability Insurance, Basic Life, Basic Accidental
Death & Dismemberment, Short-Term and Long-Term Disability
benefits. In addition, employees can choose the level of their
benefits coverage, including Medical, Dental and Life Insurance.
Employees can defer up to 50% of their pre-tax eligible compensation
through the 401(k) program. Assurant contributes 100% on the
first 3% of pay the employee contributes on a pre-tax basis and
50% on the next 2% of pay the employee contributes pre-tax. After
five years of service, Assurant will contribute two-for-one ($2
for every $1 employee contributes) on the first 3% and 50¢
on the dollar for the next 2%. Employees are 100% vested after
three years of service.
The retirement plan is 100% company-paid. Employees are 100%
vested after three years of service.
Health Care and Dependent Care Flexible Spending Accounts are
available and designed to lower an employee's taxable income
and fund qualified health-care and dependent-care expenses. The
Health Care Spending Account reimburses eligible out-of-pocket
medical, dental and vision expenses on a pre-tax basis up to
$5,000 per year. The Dependent Care Spending Account reimburses
eligible day-care and elder-care expenses on a pre-tax basis
up to $5,000 per year.
Employee Stock Purchase Plan
A company-sponsored Employee Stock Purchase Plan (ESPP) is available
which allows employees to buy shares of Assurant, Inc. stock
at a 10% discount with funds contributed through after-tax payroll
deductions. There are two six-month offering periods each year
(January 1 through June 30 and July 1 through December 31), with
stock purchases made at the end of each offering period.
Tuition Reimbursement Assistance &
Assurant's philosophy emphasizes the development of employees
on the job as well as through accredited educational institutions.
In support of this philosophy, Assurant reimburses tuition fees
for approved courses and provides in-house training programs
for technical and non-technical skills.
Community Involvement / Gift Match Program
Employees are encouragd to give back to their communities and
commend those who actively take time to assist and support those
around them. Assurant also matches employee donations of $25,
to a maximum of $1,500, to eligible organizations.
Some options that may be available to employees depending upon
your responsibilities include flexible work schedules, job sharing
and part-time employment. Employees are also allowed the option
to buy up to an additional week's vacation each year on a pre-tax